Momentum Corporate Finance has reported ‘a successful and record-breaking year’ in 2019, and has highlighted a number of key deals as being instrumental in that success.
The firm – which has offices in Bristol, London and New York – is a leading independent corporate finance boutique.
Founded in 2005, Momentum has advised on more than 80 transactions with an aggregate value in excess of £2bn.
And it has pointed to a number of major achievements in 2019 as contributing to a strong 2019 performance:
- In October, Momentum advised on the sale of Gloucester-headquartered cyber security firm Deep3 to US buyer CACI. The deal was described as ‘an excellent strategic and cultural fit between the businesses’.
- A May deal to sell repair and restoration specialist The Plastic Surgeon to Polygon Group – a deal which netted a 5.6x ROI for previous owner Mobeus on its original £2m investment in 2008.
- Momentum provided the lead financial advice for the management buyout of independent insurance broker Acquis, backed by Dunedin. Acquisemploys 38 people from its base in Newport operates across 13 European countries, and the deal was described as ‘a good news story all round’.
- CACI was again the buyer when Momentum advised on the sale of next-gen software specialist MooD Enterprises. The deal, completed in June, was heralded as a deal which would ‘deliver multi-million-pound efficiency gains and savings for clients’.
Momentum also highlighted some key internal moves as further highlights of 2019, including the promotions of Matt Stafford to Assistant Director and Richard Double to Manager, as well as the recruitment of James Johnson as Executive, bringing the team to six professionals
Partner Rob Crews said: “We would like to thank all of the professionals, intermediaries, funders and – most importantly – our clients who we have worked with during 2019.
“With a healthy pipeline and (a little!) more certainty on Brexit we are very positive about 2020 being another good year for mid-market deal-making.”