Published: 6th March 2018
Operating from offices in Birmingham, London and Nottingham, Springboard have established themselves as an entrepreneurial mid-market corporate finance practice working on buy and sell-side deals in the UK and increasingly overseas.
Springboard have strong relationships with owner managers, management teams, private equity houses, and a broad range of other intermediaries. In 2017, Springboard completed transactions with a total value in excess of £225 million and its team has grown to 15 professionals strong. The team have a particular reputation for their excellence in proprietary deal origination, which will remain prominent with this new investment from the Group.
The acquisition of Springboard is testament to Begbies Traynor Group’s ambition to create a leading UK multidisciplinary professional services consultancy, and follows the successful acquisition (and subsequent growth) of Eddisons property consultancy in 2015.
The Springboard practice will continue to operate under its existing brand and the senior leadership, team and offices will remain unchanged.
"The acquisition of Springboard is an important step for the group and gives us critical mass in the mid-market corporate finance arena. We will work with Springboard’s talented management team to grow their offering and proactively build a presence in more locations.
"Additionally we see strong synergies with the Springboard corporate finance offering as it is complimentary to many of the Group’s existing service lines. Both share a similar client base and range of intermediary relationships allowing for cross selling of new services to existing clients."
"This investment by Begbies Traynor Group is great news for the team at Springboard, our clients and our friends in the intermediary community. The acquisition provides us with the resources to build our practice with greater pace and recruit high quality individuals who can enhance our offering to both existing and prospective clients.
"With Begbies Traynor Group, we saw a management team who were fully supportive of our growth ambitions. We will now use that support and financial firepower to proactively grow our existing team, at all levels including new entry partner recruits as we look to build a significant national presence."
Ric qualified with Arthur Andersen in 1984 and founded Begbies Traynor in 1989. Ric specialises in practice management and has considerable experience in financial turnaround and dispute resolution within professional practices.