The Wilkes Partnership has advised David Walley, the serial entrepreneur, on a £(c) million pound acquisition of events company Mobile Promotions.
Rick Smyth, Partner at Wilkes led the Wilkes team with support from Lucy Freeman, Rupi Sahota, Emma Freudenthal and Leighann Richards. The transaction was led by corporate finance advisers Assay Corporate Finance (David Tucker and Chris Taylor).
David has operated in the events and exhibition sector for over 20 years including in the roles of Chief Executive of Arena Group and CEO of Freeman Company, and has a track record of delivering growth and innovation in the sector. David Walley will undertake the role of CEO at Mobile Promotions. The aim is to deliver an ambitious expansion plan which will see a full turnkey solution offering developed through both organic and acquisitive growth.
Commenting on the deal David said “We greatly appreciated Rick and the team’s pragmatic and proactive approach – helping us navigate both the process and overcome some tricky technical issues. We look forward to working with them again on our future corporate acquisitions and view them as very much part of our team.”
Commenting on the deal Rick said: “We’ve really enjoyed working with David and the the Mobile Promotions team on the deal and we are looking forward to it being the start of a long relationship. It has provided us with another opportunity to demonstrate the range of expertise that we have at Wilkes to deliver these sorts of transactions.
“It’s been a busy few months for us and it is encouraging to see that the M&A market continues to hold up well in 2018.”
This is the latest in a growing line of M&A work for The Wilkes Partnership, following the completion of deals across a range of sectors including IT software, FMCG, events and health and social care.
For help and advice relating to your business get in touch with Rick Smyth on 0121 710 5932 or via email at firstname.lastname@example.org.