Assay Corporate Finance, IMAP member firm in the UK merges with Jasper Corporate Finance to expand its UK national coverage
London based Assay Corporate Finance has today announced the merger with renowned Birmingham financial services boutique, Jasper Corporate Finance. The merger between Assay and Jasper will expand Assay`s service offering and geographical coverage. The enlarged firm will operate under the name Assay Corporate Finance, with offices in both London and Birmingham.
Assay is a UK member of IMAP, one of the world’s leading global mid-market mergers and acquisitions partnerships. Assay Advisory, the consulting arm of Assay, will also work with the enlarged client base to help a wider number of clients increase their equity value using Assay`s proprietary consulting methodologies.
The coming together of two long-established practices will create a UK firm of 14 experienced advisors and analysts focussed on mid-market transactions from £5m – £50m. With increased specialist sector knowledge and a deeper pool of resources on which to draw, Assay’s goal is to continue to provide the highest quality advice and support to its diversified portfolio of high-profile UK and international clients.
The IMAP partnership has over 60 offices globally in 35 countries with 350 advisors working together to deliver cross-border solutions to its clients. IMAP closed over 2,100 transactions, valued at US$90bn in the last 10 years and is consistently ranked among the worlds top M&A advisors (Thomson Reuters) for mid-market transactions. 34% of IMAP`s deals in 2016 were cross-border.
Mike Simson, Partner at Assay said “The merger of Jasper and Assay will increase both firms’ geographic coverage and specialist sector knowledge. We are very excited about the opportunities this creates for the enlarged firm. The merger will expand the reach of IMAP in the UK and greatly increase the execution capability available to our international network. ”.
The founders of Jasper have grown and established the firm as one of the Midlands leading boutique CF houses over the past 15 years. Commenting on the merger, Mark Asplin, founder and principal of Jasper said “Having spent the last couple of years reviewing our business model and exploring a number of options, the decision to join with Assay was driven by both firms’ shared values and philosophy that the people with the experience should be at the front-line of the transaction, providing advice directly to clients, and that this will remain at the heart of every deal we do going forward. In addition the Jasper team are excited by the prospect of working with Assay Advisory`s unique product set which will drive value for clients who are considering an exit over the next few years.”
The combined business will continue to serve the Mid-Market and provide the same high level of service with greater domestic reach. Jasper`s clients will also benefit from the breadth of local knowledge in over 60 cities across the globe which Assay can leverage to achieve the best outcomes for their clients.”
To understand more about IMAP and Assay Corporate Finance or to discuss any issues concerning company sales, acquisitions, fundraisings, shareholder restructurings or ongoing corporate advisory services please call us on 0207 798 2840.