Corporate Finance Firm Acquisition Boosts Group Revenues

Newcastle corporate finance boutique Quantum, acquired by McInnes Corporate Finance earlier this year, has helped boost the revenues of McInnes by more than 100 percent.

Quantum will take the McInnes Corporate Finance name from September 7th and has grown its team to eight with the recruitment of several key staff including new partner, Shawn Bone, from Deloitte.

The McInnes Group embarked on an expansion programme in 2005 following its acquisition by AIM listed specialist professional services group, Begbies Traynor, and this February acquired Newcastle based Quantum Corporate Finance.

With corporate finance offices in London, Manchester and Southampton, as well as Leeds and Newcastle, the firm has grown revenues by more than 100% in the past year to £4m.  In the North the firm completed more than 40 deals worth in excess of £350m.

“As Quantum we had a straightforward approach and a reputation for delivering deals with initiative and determination; that made us an excellent fit with the McInnes team,” said partner Chris Appleby.

“The recruitment of Shawn and a number of other key hires has boosted the Newcastle team, and we have more capability and broader experience across all deal sizes as a result”

“The quality of our team, our depth of expertise in private equity and M&A, and the range of skills we can offer in Newcastle is unique and gives us a great platform from which to grow.  Together with our national corporate finance presence we can offer clients a level of service and experience that is very different from our competitors,” said Shawn Bone.

The team’s work on North East deals has included acting on a private equity investment in specialist pharmaceuticals group, Excelsyn funded by North Star, NEL and Endless, the MBO of Martel Instruments, the acquisition of Phoenix Foods and several acquisitions for Northern Bear PLC. 

These deal have helped the firm to win several regional and national corporate finance awards already this year.