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Ryecroft Glenton Corporate Finance (RGCF), which specialises in advising staffing and recruitment businesses on all aspects of M&A has completed a series of transactions across the UK during 2012, and Carl Swansbury, Director of RGCF, believes 2013 is shaping up to be even busier.

RGCF has advised on a number of corporate acquisitions, including assisting international IT consultancy firm E-Resourcing Limited on its acquisition of Williams McKinley Limited, and on disposals, such as the sale of Wild Recruitment Limited to the national consolidator, Berry Recruitment Limited and Willsco Limited to Boardwalk Investments Limited.

Carl Swansbury has also helped clients, including E-Resourcing Limited, to secure the funding and bank facilities needed to fund acquisitions and the future development of their businesses.

Carl Swansbury was named Young Dealmaker of the Year at Insiders Dealmakers Dinner in September 2012. The Young Dealmaker of the Year award is highly prized and hotly contested, a fact not lost on Carl, who is quick to acknowledge the rest of the corporate finance team. He said: “Winning the award this year is an external verification of our approach to transactions and the advice we provide to our clients.”

Carl Swansbury believes 2013 will be a challenging year, however he believes that there will be deals done in certain sectors of recruitment as businesses continue to consolidate. He believes that an uncertain economic climate is now being recognised by more businesses and business owners as being the norm, and measures to ensure commercial resilience are being built into a growing number of business plans. Across the world, corporate purchasers are still looking to acquire businesses in the UK.

Carl said: “This has been a good year for RGCF, despite a prolonged UK-wide economic downturn. We’ve worked hard to make each of our transactions happen, with great results for each of our clients and the firm. We have an experienced team and we benefit from the support of Ryecroft Glenton’s specialist tax, accountancy and due diligence teams.”

Carl Swansbury believes that 2013 will be another good year for RGCF. It’s in the nature of entrepreneurs to drive their businesses forward, however challenging the economic climate.  He said: “It’s true that each transaction takes longer to complete, but deals are being done. We as advisers have to be patient, resilient and totally committed to seeing each transaction through to completion.”

Carl said: “We are likely to see more privately owned companies coming to market in 2013 because they are not agile or robust enough as they are currently structured to thrive in an elongated economic downturn.”

The success of RGCF during 2012 led to an expansion of the team. Abu Ali was appointed earlier this year to work alongside Carl, as well as corporate finance partner Grahame Maughan and Peter Glenton, a non-practising corporate lawyer and chartered accountant. The team is set to expand further next year.

Chris Robson, managing partner of Ryecroft Glenton, is delighted with the success of RGCF.  He said: “Carl’s ability to convert potential transactions into completed deals with the best possible results for our clients is outstanding.  His exceptional approach has produced great results for our firm and for each of the clients we have advised.”


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