Lesley Munro
Position: Director Qualifications: MA, CA Career history: Lesley qualified with one of the large accountancy firms. She joined Johnston Carmichael’s corporate finance team in 2006. With more than 15 years’ corporate finance experience, she works directly with clients, project managing transactions. She has significant deal-execution experience on a wide range of transactions and across varying sectors, particularly acquisitions, disposals, management buy-outs, and valuations. Recent deals: Disposal of Tio Ltd to Produce World Ltd; refinance of Kirkwood Homes Ltd by Bank of Scotland; refinance of Kirkwood Homes Investment Ltd by Santander; acquisition of Fox Air Ltd by TDC (Aberdeen) Ltd; various undisclosed mandates for a number of ownermanaged clients, including ongoing retained advisory work, transactions, financial modelling and valuations.
companies and shareholders on various buy-side, sell-side and finance raise mandates, representing corporates, management teams and private equity houses. Recent deals: Sale of a majority stake in R&M Engineering to Maven Capital Partners; sale of CD Ltd to Teledyne Ltd; sale of i-TEC Well Solutions to Trican Well Service; acquisition of SCOMI’s Aberdeen-based machine shop on behalf of Broad Cairn Services; acquisition of APEX Tubular Inspection Services on behalf of Broad Cairn Services; sale of a minority stake and subsequent equity investment in Twister BV to UOP/ Honeywell on behalf of the Kenda Capital and Lime Rock Partners; sale of Capital Valves to NOV.
Lyn Calder
Position: Director Qualifications: BA, CA Career history: Qualified with Arthur Andersen and spent time with a corporate finance boutique firm before joining Clydesdale Bank where she worked for nine years in acquisition finance and commercial banking. Lyn’s experience spans the full corporate finance spectrum, with particular focus on deal initiation, debt advisory, acquisitions, disposals and fundraising. Recent deals: Debt and equity fundraisings with focus on high-growth businesses; advisory support for the acquisition of Robert Graham by Caledonia Spirit Ltd; debt advisory for manufacturing business; debt advisory for food producer; several due diligence engagements on behalf of banks and private equity houses; various business valuations and strategic advice. Recent transactions have been in a range of sectors including technology; food and drink; retail; manufacturing; and support services.
Arlene McBain
Position: Associate director Qualifications: BA, CA Career history: She joined the firm in 2007, and specialises in transaction support services, with experience delivering due diligence transactions to companies, banks and external equity providers. In addition she has experience in a wide range of transactions across varying sectors, particularly acquisitions, disposals, fundraising and valuations. Recent deals: Provision of due diligence services to Eden Springs Ltd on the acquisition of Kafevend Holdings Ltd; Caledonia Spirit Ltd acquisition of Robert Graham Ltd and the provision of strategic advisory services to a company operating in the food and drink industry.
Jacqui Taylor
Position: Associate director Qualifications: MA (Hons), CA Career history: Qualified in 2000, joined Ritson Smith in 2010 after more than nine years in corporate finance with a large international professional services firm. She joined Johnston Carmichael following the merger with Ritson Smith in 2012. She is actively engaged in the project management of a number of assignments across various industry sectors with particular experience in both upstream and oilfield service transactions. She is also involved in all aspects of M&A, including MBOs, MBIs, sales mandates and fundraising. Recent deals: Investment in ICR Integrity Limited by Graphite Capital; Acquisition of Quickflange AS by ICR Integrity Limited; Disposal of Hampton Associates to Urquhart Partnership.
James Thompson
Position: Associate director Qualifications: MA (Hons), CA Career history: Joined Johnston Carmichael in 2010. His experience encompasses fundraising, deal initiation, acquisitions, disposals, MBO/MBIs and due diligence assignments. Recent deals: Disposal of Sureclean Ltd to National Response Corporation; MBI of Cashmaster International Ltd; fundraising for Fyne Ales Ltd.
Stefano Vincini
Position: Associate director Qualifications: BSc, CA Career history: Qualified 2006, joined Ritson Smith in 2007 and joined Johnston Carmichael following the merger with Ritson Smith in 2012. Stefano has extensive deal experience and is actively engaged in the project management of a number of M&A assignments across various industry sectors, including MBOs, MBIs, sales mandates and fundraising exercises. Recent deals: Acquisition of Quickflange AS by ICR Integrity Ltd; acquisition of Professional Testing Services Ltd by Glacier Energy Holdings Ltd.
Stuart Black
Position: Associate director Qualifications: BA (Hons), MSc Career history: Associate director within the oil and gas corporate finance team having worked for two oil and gas focused boutique advisers, Simmons & Company International and Evercore Partners. He has worked in industry and financial services in the UK and Europe and focuses on the oil and gas industry. Stuart has worked with various oilfield service
KPMG
Saltire Court, 20 Castle Terrace, Edinburgh EH1 2EG Telephone: 0131 222 2000 Fax: 0131 527 6666 Email: dane.houlahan@kpmg.co.uk Website: www.kpmg.co.uk Office locations: Aberdeen, Edinburgh, Glasgow and UK-wide Deal types undertaken: Acquisition/disposal; MBO/MBI; private company advisory and flotation; debt advisory and refinancing; development finance; project finance; valuation.
ACCOUNTANTS
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IN ASSOCIATION WITH
KPMG LLP operates from 26 offices across the UK with more than 12,000 partners and staff. KPMG’s corporate finance practice offers a wide range of independent investment banking services and comprises more than 1,600 professionals internationally providing strategic advisory and deal-management services with deep sector knowledge and insight. We often work with KPMG’s transaction services practice, which is distinguished by its research and understanding of deals. Our overall approach is to understand what our client is trying to achieve and how we can best add value to the relevant transaction.
Dane Houlahan
Position: Partner – head of corporate finance Scotland, UK head of oilfield services M&A, corporate finance Qualifications: Juris Doctor, University of Queensland Australia, Bachelor Business Management, Bachelor Commerce (finance and accounting), Securities Institute Diploma Career history: Dane joined KPMG corporate finance in 2004 after previously qualifying as a lawyer. He had worked across a wide range of sectors providing transaction advice to both listed and unlisted companies, government and financial sponsors. Recent deals: Sale of Europa Support Services to Bilfinger AG; minority sale of London Offshore Consulting to Bridgepoint Development Capital; advising management on the MBO of Arnlea Holdings and advising the Penspen Group on its successful acquisition of select oil and gas trading assets from DPS (Bristol) Ltd.
David McCorquodale
Position: Head of retail for KPMG in the UK; partner – corporate finance Qualifications: LLB, DipLP, CA Career history: David joined KPMG in Edinburgh in 1984. After qualifying as a CA in 1987, he transferred to corporate finance. David has advised several quoted and private companies on divestitures, acquisitions and fundraisings. Between 1990 and 1992, David was on secondment to the Takeover Panel in London, which regulates the conduct of all public company takeovers. In 2002, he was promoted to UK head of consumer goods and retail, for corporate finance in London, having headed corporate finance in Scotland for seven years. In January 2006, he was promoted to European head of consumer goods and retail for corporate finance. David served on the board of KPMG’s US corporate finance practice between 2008 and 2010. In 2012 he was appointed head of retail for KPMG UK. David co-chairs the KPMG-IPSOS retail thinktank and is KPMG’s spokesman for the BRC-KPMG retail sales monitor. David has advised many retailers, including Card Factor, JJB Sports plc and Tiso among many. Recent deals: Sale of Tiso, Independent Living Services, Wallaces Express and Divex.
Craig Anderson
Position: Senior partner and head of transaction services, Scotland Qualifications: CA/BAcc Career history: Qualified KPMG 1982; partner 1990; head of transaction services Scotland since 1998; senior partner for Scotland since 2004.Recent deals: Simmons Private Equity Fund II investment in Caley Ocean Systems; Aberdeen Asset Management’s acquisition of Scottish Widows Investment Partnership; refinancing of Johnston Press plc; ESI Energy Services acquisition of Welltech Group; Argent Energy’s sale to John Swire & Sons (Green Investments) Ltd; Weir Group’s acquisition of Mathena Inc; MB Aerospace Holdings Ltd’s sale to management and Arlington Partners, and subsequent acquisition of Delta Industries and Norbert Industries.
DECEMBER 2014 CA MAGAZINE