The £209 million takeover of a storage company by a competitor five times smaller has been named the Birmingham Deal of the Year.
Safestore Holdings became the biggest self storage company in Britain after spending £209 million to acquire Mentmore Abbey.
The Hertfordshire firm is now the second largest storage company in Europe, with an annual turnover of £50 million.
Highly commended at the ceremony, which was held at the Hippodrome Theatre, was the £230 million takeover of motor retailer CD Bramall by Pendragon.
The deal made it into the biggest UK car dealership and the fifth biggest in the world.
Hampson Industries won the Merger and Acquisition category, in the awards which are sponsored by Barclays Bank, while Lending Solutions picked up the Private Equity award.
The float of commercial Titan Europe on AIM was recognised as the IPO of the year, while sales finance firm Liquidity was newcomer of the year.
* See the Deal of the Year 2004 Awards supplement in today's Birmingham Post for full details.