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EMC RIDES BACK-TO-BACK WINS WITH SALE OF WHYTE BIKES TO CAIRNGORM CAPITAL AS PRIVATE EQUITY DEAL OF THE YEAR 2022

Michael Gibbs, Ryan Smith, Luke Soper, Michael Pay (EMC Corporate Finance), Helen Mead (DMH Stallard) Award presented by Neil Patel (Thincats)
20th Apr

EMC Corporate Finance acted as lead advisers on the sale to Cairngorm, with Michael Gibbs and the late Nik Askaroff leading the team. The Award confirms EMC’s place as the South East’s top Lead Advisory firm winning the accolade for the second year in a row.

Michael Gibbs, EMC Director, commented “The Whyte deal is an example of a fantastic Sussex family business that has been given the fuel to conquer the world and it was a pleasure to be part of that story.

“Cairngorm’s investments across the region have been transformative. The acquisition of Parker Building Supplies has resulted in the creation of the £1billion Independent Builders Merchants and separately the investment in Verso, an Independent Financial Adviser, has led to a rapid scaling of that business. With Whyte Bikes, which was already a leading brand, we expect to see a rapid growth in international markets with their support.”

Neil McGill, Managing Director of Cairngorm Capital continued “We are delighted with our investment in Whyte Bikes. The Company has the leading brand in high performance bike’s. The deal itself is a superb example of how working with an established team of advisers who understand all the complexities that a transaction of this size brings ensures that everyone keeps their eye on the prize….”Michael Gibbs and the EMC team are undoubtedly extraordinary dealmakers and we look forward to working with them again.”

EMC Director Michael Pay, finished by saying “Private Equity will remain a strong tool in our armoury for deal making. 2021 saw the largest ever amount raised by the industry and they have to spend it. For business owners and managers they are a competitive and compelling alternative to trade buyers.”

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