Product category:
Manufacturing dealerships, agencies and acquisitions
News Release from: Livingston UK
Edited by the Manufacturingtalk Editorial
Team on 25 June 2007
International mid-market banking for
print
Livingstone Guarantee has announced a merger with its Spanish partners and a US-based mergers and acquisitions advisory house to create an integrated investment banking boutique.
Livingstone Guarantee, the London-based independent corporate finance house, has announced a merger with its long-standing Spanish partners and a US-based mergers and acquisitions advisory house to create an integrated investment banking boutique focused on M and A and private equity transactions with values of GBP10m to GBP100m plus To reflect the UK team's long heritage of deal-making, the international business will adopt the 'Livingstone' brand across all of its offices
This article was originally published on Manufacturingtalk on 14 Nov 2005 at 8.00am (UK)
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Livingstone is establishing an important strategic presence in the US mid-market through an operational merger with ONE Worldwide, a Chicago-based boutique established by seasoned investment bankers Steve Miles and David Sulaski.
In Spain Livingstone is consummating a 13 year courtship with Neil Collen, the British founder of Spanish boutique NC Finanzas Corporativas, one of the country's leading independent MandA advisers.
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2 Livingstone partner Jeremy Furniss comments "The US has been the most important source of strategic buyers and investors for our clients from our inception 30 years ago.
We have completed over 83 transactions with US counterparties and have closed over 45 percent of our deals with overseas groups and private equity funds.
The creation of our own international infrastructure is therefore a natural extension of our already very cosmopolitan business." Sulaski adds "The US mid-market is rapidly taking note of the scale of opportunities that are opening up abroad.
We have seen a dramatic increase in the awareness of US vendors of the advantages of sourcing overseas strategic buyers, while at the same time there has been an exponential expansion in appetite among mid-market corporations and private equity houses for investing outside the US.
"The UK has been the natural first port of call for many US investors seeking a European bridgehead, and Livingstone now gives us direct access to this key market, as well as the burgeoning Spanish market." Livingstone's Spanish operation has a staff of 14 based in Madrid and a satellite office in Valencia, in the heart of Spain's industrial region.
Neil Collen comments, "Our common mid-market focus, shared values and close co-operation over the years makes Livingstone the ideal partner.
The UK is seen by many Spanish corporations and entrepreneurs as the most important overseas market, especially with its access to the world's most sophisticated financial markets, and Livingstone will bring many benefits to our clients through the direct access it gives us to the UK and US." 3 Following these developments, Livingstone will have an investment banking team of 45 and a total staff of 65 across three principal offices in London, Chicago and Madrid, and a satellite office in Valencia.
In 2006, the Livingstone teams completed 43 transactions with an aggregate deal value of nearly GBP1bn.
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