Lexington Live Vol 3

With the start of a new season, comes a new edition of our quarterly e-newsletter!

Here, you will find ‘bite-sized’ updates on all things Lexington Corporate Finance – from colleague announcements to recent deals and achievements, as well as insights from the team into the dynamic and evolving world of corporate finance.

If you would like to receive a copy of Lexington Live, direct to your inbox, four times a year, you can subscribe here.

We hope you enjoy reading Lexington Live and learning more about us.

Thanks,
The Lexington team

Deal of the Quarter: Cansford Laboratories

Lexington acted as the sole corporate finance advisor to the shareholders of Cansford on its sale to Phenna. This transaction builds on Lexington’s strong credentials in the healthcare and TICC sectors. Read more.

Company news

Ambitious growth plan for KJB following PMR acquisition

We advised on the acquisition of one of the UK’s largest independent metals recycling operators, Peterborough Metals Recycling (PMR), which has traded successfully as BW Riddle for more than 67 years. The acquisition was made by Derbyshire-based KJB Global Consulting and creates a vertically integrated, ESG-focused, metal recycling business of scale, resulting in an ideal platform for future acquisitions. The deal, which was advised by Sinead, Courtney and Pablo at Lexington, was backed by industry veteran Tom Bird and Harwood Private Capital.

Lexington Sponsors Fast Growth 50

Lexington is proud to sponsor this year’s Fast Growth 50 awards, recognising the fastest growing businesses in Wales and across the UK. Lexington Commercial Director Nigel Griffiths said: ‘Lexington is delighted to be supporting the FG50. It is important to recognise the ambition and courage of the entrepreneurs in Wales. This is the group of people the holds the key to the future success of our nation. Starting and growing a business is something to admire and celebrate.’

Reflecting on our achievements over the last 12 months

We recently published our ‘year in review’ which shares some key highlights from 2022/23. Did you know that during the last financial year…

• Our fee income grew by more than 40%

• We completed ten lead advisory transactions, totaling £200 million

• We became the first UK firm to join Eaton Square Read about this – and other high points –
here.

Welcoming a new member to our team

Evan Norvill is our latest new addition, joining us as an executive. Evan brings with him eight years’ experience in audit practice and working with a number of large listed and private equity-based clients. Coming from one of the big four accountancy firms, we know he’ll be a positive addition to our team. Welcome Evan!

Tackling heights for Ty Hafan

Four members of the team put on their walking boots to climb Yr Wyddfa (Snowdon) and raised more than £1,500 for Ty Hafan, a charity that supports children with life limiting conditions and their families.

Shortlisted for Dealmakers awards

We’re delighted to have been shortlisted for eleven awards at the Welsh Dealmakers 2023, including Corporate Finance Advisory Team of the Year, Private Equity / Venture Capital Deal of the Year, and individual nominations for Pablo Shorney, Tom Coombes and Thomas Edwards.

Staff Spotlight: Jade Burgess

For this quarter’s edition of Staff Spotlight, we chatted to our senior associate, Jade Burgess. Jade has experience with company disposals, growth capital transactions and management buy-outs and has worked on some of our most recent transactions such as Cansford Laboratories and Recovery Care. Read the interview in full here.