£50m deals joy

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BHP Corporate Finance is celebrating helping to clinch deals worth more than £50 million during the last two months.

The multiple award winning Sheffield-based corporate finance specialist hit the £50 million mark with the £6.3 million sale of web technology and design specialist Technophobia to the Capita Group.

Other deals contributing to the £50 million total included:

n Venture capital group 3i’s £28 million investment in Sheffield-based leading UK outdoor clothing and equipment firm GO Outdoors.

n The management buyout of investment group Endless’s stake in Amco Drilling and Amco Developments, which valued the company at £14m.

n The buy in management buyout (BIMBO) at Nottinghamshire-based architectural glazing business Insight Architectural for an undisclosed sum

BHP Corporate Finance partner, David Forrest, says the Technophobia deal continued an extremely strong start to 2011 for the business.

“Technophobia is a great business to be involved with – dynamic, fast moving and genuinely innovative in a really interesting space.

“We have very much enjoyed helping the company get to this stage, and the deal represents an excellent outcome for buyer, sellers and management team alike.

“I am confident that the business will continue to forge ahead and will significantly enhance Capita’s capabilities.”