Finance team mark notable anniversary

Pictured are Tait Walker's corporate finance team.
Pictured are Tait Walker's corporate finance team.

Experts at an accountancy practice that has an office in Morpeth are celebrating the completion of more than 250 successful deals for North East companies.

Tait Walker – established in 1937 – is also marking the 15th anniversary of its corporate finance team, which provides support and strategic advice to some of the region’s key businesses across a range of sectors including the maritime industry, the gaming market, pharmaceuticals, IT and manufacturing.

Over the years, deal highlights have included securing the backing of two international investors for Newcastle solicitors’ firm Winn Group in 2013 to allow it to roll out its services nationally and create significant employment opportunities for the region.

The £80million deal, Tait Walker’s biggest to date, was the first large-scale private equity investment into the North East’s legal sector.

Other well-known firms in the region that Tait Walker has assisted include Ashington-based Raytec CCTV, which is today trading worldwide, and CAV Aerospace Ltd. It also helped with the sale of Blyth-based Tynetec to French company Legrand.

The team has received a number of accolades in recent years in recognition of its achievements, including the ‘Dealmaker of the Year’ title at the prestigious North East Dealmaker Awards.

Corporate finance partner Michael Smith, who joined the firm in 2000 to start the division, said: “We’re both thrilled and honoured to have helped a considerable number of the region’s most innovative firms with deals over the last 15 years – many of which have gone on to really put the North East on the map.”