Deloitte marks debt team expansion with three new deals
16 January 2013
Leading business advisory firm Deloitte has bolstered its debt advisory team on either side of the Pennines with the addition of two new deals specialists.
Anil Gupta, an assistant director in Leeds, and Jonathan Petty, a manager based in Manchester, have both transferred in to strengthen the regional team.
The announcement comes as Deloitte confirms the completion of three major deals in the region - and predicts a growing level of deal activity across the North.
Deloitte believes there is substantial opportunity to support corporate borrowers through their dialogues with lenders across Yorkshire, and Anil Gupta, an assistant director with eight years’ corporate finance experience gained in Deloitte’s Leeds corporate finance team, has joined the team with a specific remit to further drive growth across the Yorkshire and North East region.
In Yorkshire, Gupta and Nigel Birkett, head of Deloitte’s regional debt advisory practice, recently advised Endless-backed Vasanta, based in Sheffield, on its £55 million refinancing with PNC Business Credit and ABN Amro.
The pair followed this by advising on a substantial debt-raising from a club of six banks to support the ICG-backed management buyout of ATPI.
Finally, the regional team advised Ainscough Crane Hire in relation to its refinancing which completed in December 2012, raising a £105 million asset-based lending facility from a club of three lenders.
Nigel Birkett said: “We have been very busy helping our clients navigate the debt markets in a wide range of situations.
“Despite the perceived capital constraints in the banking market, we have worked with a broad range of supportive lenders, with ten different institutions supporting these three transactions alone.”
Martin Jenkins, Practice Senior Partner at Deloitte in Yorkshire and the North East, added: “Deloitte’s recent deal activity and ongoing dialogue with clients provides clear evidence that there is real demand for specialist debt advice in our region.
“The addition of Anil to the debt advisory practice will further strengthen Deloitte’s ability to provide clients in our region with a full remit of value add services and advice.”
Notes to Editors:
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
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The information contained in this press release is correct at the time of going to press.
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