EMC completes its second deal of 2018
EMC Corporate Finance Ltd has completed its second transaction of 2018 with the purchase by Pelham Principal Holdings Ltd of the remaining minority stake in its subsidiary, Pelham Select Ltd.
Working within the Pelham Group, Pelham Select is a boutique specialist search and selection firm, operating out of London, Hong Kong and New York, specialising in niche sectors within financial services.
EMC CEO Nik Askaroff provided support and advice to Pelham Principal Holdings throughout the deal, negotiations for which began in 2017 but just missed completing by the year-end.
Guy Roberts, PPH chairman, said: “Nik has advised us over a number of years since our initial purchase of the business and continues to be our first port of call on any M&A issues. Once again his support and advice have been invaluable.”
The deal follows just two weeks after EMC completed the sale of Crawley-based T Team Limited, trading as TrainingTeam, to the Freight Transport Association (FTA).
Accountancy support for the PPH shareholders came from MHA Carpenter Box with DMH Stallard providing legal advice.