Wake Smith’s corporate work shortlisted in South Yorkshire Dealmakers Awards 2023
Wake Smith Solicitors’ corporate advice on the MBO of Sheffield-based designers and manufacturers of stainless steel building products, Wincro Metal Industries Ltd, has been shortlisted for an industry award.
The company commercial team at the Sheffield solicitors teamed up with accountants Shorts and funders Virgin Money to advise on the MBO.
Wake Smith’s legal work included acting on the sale and purchase agreement for John Young, a Director of Wincro, who became the new managing director, buying out the other shareholders, and dealing with the financing/security documents with Virgin Money.
The MBO is shortlisted in the Deal of the Year over £10m at Insiders’ South Yorkshire Dealmakers Awards 2023, which recognises the region’s leading banking, funding, legal and accountancy communities and the best deals they were involved in.
John Baddeley, director in the corporate team at Wake Smith, said: “We were delighted to have acted for John Young and his team in connection with the MBO as they look to grow this established Sheffield manufacturing business.”
Wake Smith has also been nominated in the Corporate Law Firm of the Year category.
This is the fifth year running that the company commercial team at Wake Smith has been nominated in the category, which looks at firms’ performances between March 2022 and March 2023.
In this period the Sheffield-based team successfully completed on deals with a cumulative value of nearly £44m.
Wake Smith’s team was strengthened this year with the appointment of current Insider’s Emerging Dealmaker of the Year Tom Haywood in January.
John added: “The key to getting the transactions completed is always the commitment of the various members of the team to perform, often having to go above and beyond.
“Our key relationships with long standing, local advisors get the job done, and established chains of communication often enable the team to complete deals in a tight time constraints.
“We are extremely pleased the Dealmaker’s panel of independent judges has recognised Wake Smith’s contribution and dedication to the corporate community in the Sheffield City Region with these shortlistings.”
The winners will be announced on 8 June at Sheffield City Hall.
For further advice on company matters contact John Baddeley, Director at Wake Smith Solicitors on 0114 224 2025 or email [email protected]
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