Lexington advises upon completed deals worth over £25 million in first twelve months

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A staggering £25 million in transactions has been completed by Cardiff-based Lexington Corporate advisors in its first year.

The corporate advisory firm is celebrating the significant achievement as it marks its first year in business.

Since being established in January 2016 the Maltings-based firm has worked on completed transactions in excess of £25 million, co-founder and director Gary Partridge said.

This was achieved after it acted on significant deals, including the management buyout of the building contractor, A&N Lewis, and the sale of the Acquired Brain Injury (ABI) care specialist, NewBridges, to TracsCare.

The Cardiff-based firm, which was founded by Mr Partridge and Nigel Greenaway, has also more than doubled in size increasing its headcount to a transaction focussed team of seven.

Significantly, Julian Baines MBE was appointed as chairman of the specialist firm mid-way through 2016, while Andrew Morris joined as director from UK Steel Enterprise in the autumn. A strong pipeline for 2017 has prompted the recruitment in January of Thomas Edwards as a manager in the team, who was previously a transactions specialist with accountants, Broomfield & Alexander.

Co-founder Mr Partridge said he was “extremely pleased” with the continued success of Lexington since its inception, and that everything was “on track” with the execution of the Firm’s strategic plans.

He said: “Since Nigel and I founded the firm, we have been thrilled with the interest shown in Lexington, the pedigree of our team’s credentials and the services it offers.

“Businesses from a range of sectors including aerospace, IT, transport, logistics, healthcare, business services, recruitment and financial services have become our clients and we have been fortunate enough to work with some magnificent entrepreneurs and family businesses.

“Thanks to this, we are confident in establishing Lexington as one of the leading independent corporate advisory firms operating in the mid-market – a goal which we feel we are well on track to achieving.”

Co-founder Mr Greenaway said: “This year has far exceeded our expectations. Not only have we acted on a number of significant deals, but we have completed a number of strategic review projects for businesses considering their exit options and have also been instructed by one of the UK’s largest private companies upon its acquisition strategy for entering a new market segment.

“As a result of this work, we have invested in our team welcoming a wealth of talent to the business, and partnering with Cardiff University which I’m sure will significantly enhance our offering moving forwards.

“We are always striving for success and are looking to work with even more owners, entrepreneurs, and corporates this year to deliver upon their growth ambitions and be with them as a Trusted Advisor for that journey.

“We have really healthy deal flow pipeline for 2017 and a number of significant projects in progress that will believe will be flagship deals, so this year is already looking exciting for us.”

Lexington Corporate Advisors specialises in providing strategic advice targeted at business growth, acquisitions, disposals and fund raising. Lexington works right across the UK as Lead Advisor providing hands-on, trusted advice to companies and their owners seeking to facilitate growth and crystallise value.