Catalyst Corporate Finance has completed three deals in as many weeks following the management buyout of EMC Advisory Services.
The latest deal follows the sale of Aston Carter and the management buyout of Valldata, making it a record start to the year and continues the strong performance of 2010, which was Catalyst’s best ever year.
Devon-based EMC Advisory Services (EMCAS) provides claims management services to consumers who have been subjected to inappropriate selling practices by financial institutions.
The company specialises in handling consumer claims in the endowment, payment protection insurance (PPI), excessive credit card charge, irresponsible lending and investment product areas.
Catalyst managing partner Andy Currie said: "Initially, the owners of EMCAS sought our advice on their future options to realise value and reduce their involvement in the business.
"Our understanding of their objectives, and the business, led us to agree that a management buyout was the most appropriate solution for all concerned.
"This is a difficult sector to present to potential bank funders as many have been guilty of inappropriate selling practices to consumers at some point in time.
"However, our clear demonstration of the opportunities for growth and the use of high quality commercial diligence early in the process showed the potential of the business.
"Using our knowledge, we then introduced the most appropriate funder to the deal, Lonsdale Capital Partners, and put in place a structure that would work for all parties.
"This is a typical Catalyst deal, where knowledge, persistence and innovative thought led advice enabled us to deliver a deal that many thought was not possible."
The Catalyst team was led by Andy Currie and Jeremy Harrison with specialist tax advice provided by the Midlands office of PricewaterhouseCoopers.