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Deal of the Year Award continues great start to the year for EMC

1st Feb

EMC Corporate Finance has started the year with a bang, completing two significant deals and landing the coveted Deal of the Year crown in the 2018 Insider South East Dealmaker of the Year Awards.

The team followed up the sale of Crawley-based specialist training course provider T Team Limited to the Freight Transport Association (FTA) by advising on the purchase by Pelham Principal Holdings Ltd of the remaining minority stake in its subsidiary, Pelham Select Ltd.

Now its role in advising on last year’s sale of a minority stake in Berwick-based ergonomic office equipment company Posturite Ltd to Fellowes Inc, the US-headquartered global manufacturer and marketer of business machines, records storage and office accessories, has been voted Deal of the Year in the prestigious Dealmaker of the Year Awards.

It continues a hugely successful run for EMC that has seen the firm win at least one of the top titles in each of the awards’ last five years.

In 2014 it won the Deal of the Year crown for the first time, and then in 2015, 2016 and 2017 EMC’s CEO Nik Askaroff was named Dealmaker of the Year. EMC also won the Deal of the Year award again in 2016.

Nik Askaroff said: “It’s great that 2018 is continuing where 2017 left off. Last year was one of our best on record for both the number of deals completed and values achieved.

“It’s always gratifying to have our work recognized by our peers and pundits in the industry. The Posturite deal that won us this year’s award is typical of the work that we do, often embedding ourselves in the client businesses for several years prior to embarking on a full or partial sale.

“We are unique in that respect. We work as mentors, non-exec directors or interim managers with many of our clients way ahead of any disposal plans. Indeed, I have been Chairman of Posturite for more than a decade and have worked closely with the firm’s founder, Ian Fletcher-Price, and his other directors to build the business to the point where it is now the UK’s runaway market leader in the sale and provision of ergonomic equipment for the workplace.

“It also put me in the ideal position to negotiate the deal with Fellowes that gives them a 20% stake in the company and offers Posturite the opportunity to upscale its successful business model on the world stage.”

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