Accountancy and business advisory firm BPU has announced a hugely successful year of corporate finance work. In total the firm has supported more than £50m of corporate financing deals involving businesses across Wales and the rest of the UK. The milestone coincides with another anniversary as the Cardiff-headquartered business enters its 50th year of trading.
Key deals supported by the BPU corporate finance team over the past year include, advising the specialist taxi insurers TFP Schemes as they were acquired by PIB Group, an acquisitive insurance business.
BPU also supported the recent merger between the two legal firms Gordon Dodd and Thomas Simon. The £2.5m deal sees Thomas Simon, which focuses on commercial property, corporate and private client work, coming together with Gordon Dadds, one of London’s Top 100 law firms, at a new office location in the centre of Cardiff. BPU have advised on a number of similar deals over the past twelve months including ACT, Document Direct, and Cardiff’s Huttons Law, reflecting a flourishing corporate finance market in South Wales.
BPU Director, Andrew Miller says this current success leaves the business well-placed for the future:
“BPU has grown from strength to strength in recent years and we now service over 1000 clients across a diverse range of sectors. We have invested in our people to expand our level of expertise and offer a range of business advisory services. We have concentrated on growing the corporate finance arm of the business and have a team who are highly experienced in dealing with this work. We were delighted to have supported £50 million worth of deals in 2017 and are looking forward to being part of the thriving corporate finance market in South Wales again this year.”
Hywel Thomas and his partners at TFP Schemes, who were advised by BPU on the sale of their business, says:
“Selling your business and preparing it for sale can be a daunting experience – for us BPU made the whole process a smooth one from start to finish. The advice we received enabled us to complete the sale as tax efficiently as possible in a timely and cost effective manner. They did not just provide a service but, due to their detailed understanding of our business they helped us maximise our outcome.”