Corporate finance adviser Bamburgh Capital, which has offices in Manchester, Newcastle and Edinburgh, is predicting further growth this year on the back of a record year in 2022.
The firm, which specialises in working with ambitious companies, private and public and across all sectors, has already hit the ground running in 2023 after advising fast-growing London-based project management software specialist Jexo on its sale to US corporate Appfire.
Technology, and digital deals were among a record eight transactions Bamburgh Capital completed in 2022, a trend which the team believes will continue this year.
Other notable projects that Bamburgh advised on in 2022 included:
- Advising the shareholders of digital healthcare agency earthware on its acquisition by Prime Global
- Advising the shareholders of the Happy Puzzle Company Limited on its acquisition by Belgian based Smart Industries NV
- Raising growth capital for ReadyGo Diagnostics Limited
- Raising funding for Alderley Lighthouse Labs and
- Advising the shareholders of Pioneer Healthcare on its acquisition by Totally plc
Founded and led by experienced corporate financiers Alex Clarkson and Michael Parkinson, Bamburgh Capital also offers investor relations, to listed companies a service led by Murdo Montgomery.
The team has ongoing strategic advisory relationships with three UK listed companies including one based in Dubai and a Japan- based VC investor and a US specialty pharma business.
Bamburgh is also lead adviser to Tekmar Group plc, the listed Darlington-based offshore services company, for whom it is running a strategic review and sales process.
Co-Founder and Director Alex Clarkson commented “Despite the cloudy economic backdrop we are seeing increasing interest from clients who value our independent and collaborative approach which involves significant input from senior members of our team and typically involves working with clients for the long term.
“We are encouraged that this is interest is across a broad range of sectors with resilient demand in the healthcare, software, and renewables sectors.”
Co founder and director Michael Parkinson added “One area where we are seeing growth is in buy side mandates, with clients seeking to invest surplus cash in acquisitive growth. We expect this, combined with ongoing interest from overseas investors, to provide support to the M&A market in 2023.
“While we have strong roots in the North and Scotland, we have excellent contacts in a broad range of sectors in a number of locations, which is further evidence of our track record and reputation.”
Bamburgh is set to grow its team this year with two new hires set to join in Q1.