Awards win for Cripps
Cripps’ position as a top corporate firm was further reinforced when a deal it advised on was a winner in one of the region’s most prestigious business awards.
The £4m investment in West Sussex-based Ferrabyrne Ltd won the Private Equity / Venture Capital category in the South East Dealmakers Awards 2017.
The company, which specialises in the rail, commercial vehicle and energy generation industries, secured the funding from YFM Equity Partners and individual investors in a management buyout.
Cripps oversaw the sale of the business to its new owners and also advised the managing director on his own fresh investment in the company.
Corporate partner Salim Somjee, who led the team working on the deal, said: “This was a great transaction to be involved with and will see an innovative UK manufacturer move forward with fresh investment and a new management team.
“I am delighted it won and was pleased to join the other advisers on stage to accept the award at the gala dinner on 2 February.”
In addition to the Private Equity / Venture Capital win, Cripps was shortlisted for three other awards: Corporate Law Firm, Corporate Lawyer and Deal of the Year for Transactions over £10m.