The Business Magazine March 2024

Top ranked M&A firm Harrison Clark Rickerbys doing deals on their doorstep

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Cheltenham-based law firm Harrison Clark Rickerbys have been recognised as most active legal advisors in Experian’s M&A review 2021, with many of the qualifying deals relating to businesses that are local to the firm’s 11 regional offices.

Experian describe 2021 as “a record-breaking year for deal activity in the South West”. They report that: “The South West accounted for just under 10% of all UK deal values and 10.2% of deal volumes.”

In October last year HCR’s corporate team supported Cranham Haig, trading as CHL Software, from Cheltenham, in its acquisition by Pluribus Technologies Inc from Toronto.

The Cheltenham firm developed DocMoto, an app-based document and email management system for Mac and Windows, which will give Pluribus the chance to expand in the UK market as well as selling DocMoto more widely in North America.

Neil Cameron, CEO of CHL Software, said: “Tim Ward and his team were a source of enormous support during a difficult and complex negotiation process. Tim and his team remained in complete control of every aspect of the deal, his advice was frequent, regular and re-assuring, including liaison with Canadian lawyers who also needed to be involved.”

HCR also acted for Full Fibre in its new financing deal with Basalt Infrastructure Partners III to deliver wholesale gigabit services across the South West. Full Fibre CEO Oliver Helm said: “HCR have been invaluable in advising us throughout the process and providing the specialist knowledge and risk analysis we required. We look forward to continuing to work with them as we deliver our transformative gigabit networks.”

Tim Ward, Head of Corporate, Cheltenham said: “The number of corporate deals being done at the moment reflects the increased confidence we’re seeing from investors. Plans that had been put on hold because of the pandemic are now back in play. It’s great news the market in the South West is so buoyant – we look forward to supporting businesses with their plans for growth”.