Four deals in four days for busy Sheffield firm

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A Sheffield-based business advisory firm had a busy week - after they completed four deals in four days.

Grant Thornton’s corporate finance advisory team helped to broker deals for a range of companies in the food, education and motor dealership sectors.

Firstly, the team advised the management team of leading restaurant discount card clubs, tastecard and the Gourmet Society, on a management buyout (MBO) backed by Bridgepoint Development Capital (BDC).

BDC is part of the European private equity firm that also has stakes in Pret a Manger and Zizzi amongst its portfolio.

The second deal saw the team advising Northallerton-based family-owned business The Kerfoot Group on its sale to The Avril Group, a French industrial and financial leader in the oil seeds and proteins sector.

The third deal of the week was for Synarbor, a Sheffield-based education recruitment business supplying temporary teachers, teaching assistants and support staff to primary and secondary schools. The business has received a recommended takeover from Sovereign Capital, a private equity firm which was advised by Grant Thornton.

Finally, the team advised long-standing client Armstrong Massey on the sale of its Land Rover dealership to one of the largest franchise motor retailer groups in the UK.

Richard Goldsack, head of the Grant Thornton corporate finance team, said: “We are proud to have worked on these deals and assist high quality Yorkshire companies achieve their goals.

“The market for transactions in Yorkshire remains strong and we’re expecting to see high deal volumes continue across a variety of sectors into 2016.”