The Buy In/Management Buy Out of Hydralectric won the Deal of the Year Award for transactions under £10m at Insider’s 11th annual South East Dealmakers Awards 2017. Formed in 1976, Hydralectric is a solution-based manufacturer of water hoses and ancillary water controls with premises in Byfleet, Surrey. Beating several other shortlisted deals, it was the professional collaboration of Charles Russell Speechlys, Avondale, Morrisons Solicitors, EMW, Wilson Partners, and Rockpool Investments that proved most impressive to the independent judging panel.
The prestigious awards ceremony, which recognises the achievements of the region’s corporate finance community, took place last Thursday evening (2 February) at the Copthorne Hotel, Effingham Park, Crawley. The transaction of Hydralectric, which completed in October 2016 after Colin Hayward and Paul Ring stepped down as Chairman and Managing Director respectively, was one of thirteen deals and individuals receiving an award. See the full list of winners below.
Hydralectric Managing Director Simon Willis said:
“We at Hydralectric are delighted to be part of the award for Deal of the Year for the South East and we intend to live up to the expectations that were set at the time of acquisition. There is a distinct plan to invest in people and technology to become one of Surrey’s leading growth businesses.”
Pictured: Andrew Bristow (Chairman of Hydralectric Group) receiving the award, alongside Anthony Francis and Richard Morrison from Rockpool Investments.
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South East Dealmakers Awards 2017 Winners:
Corporate Finance Advisory Firm of the Year
Winner: WK Corporate Finance
Corporate Law Firm of the Year
Winner: DMH Stallard
Corporate Bank of the Year
Asset-based Lender of the Year
Winner: Shawbrook Bank
Corporate Finance Adviser of the Year
Winner: Andrew Clegg, Quercus Corporate Finance
Corporate Lawyer of the Year
Winner: Keith Syson, Stevens & Bolton
Corporate Banker of the Year
Winner: Andrew Rutherford, Shawbrook Bank
Entrepreneur of the Year Award
Winner: Tamara Roberts, Ridgeview Wine Estate
Young Dealmaker of the Year
Winner: Gemma Legg, RSM
Private Equity / Venture Capital Deal of the Year Award
Winner: Investment in Ferrabyrne Ltd by YFM Equity Partners (Advisers Meta Corporate Finance; WK Corporate Finance; Cripps; Coole Bevis; asb law)
Deal of the Year Award for transactions under £10m
Winner: BIMBO of Hydra-lectric Group (Advisers and investors: Charles Russell Speechlys; Avondale; Morrisons Solicitors; EMW; Wilson Partners; Rockpool Investments)
Deal of the Year for transactions over £10m
Winner: Investment in ByBox by LDC (Advisers and funders: PwC; Spectrum Corporate Finance; Shoosmiths; BDO; Liberty Corporate Finance; Osborne Clarke; RBS)
Dealmaker of the Year Award
Winner: Nik Askaroff, EMC Corporate Finance