Livingstone Caps 'Steady' Year with Gong
December 2009
Livingstone Partners, has been voted 'Mid-Market Advisor' for 2010 by M&A industry bible Acquisitions Monthly.Reasons given by Acquisitions Monthly included the consistency of Livingstone's deal-making performance and the successful balance that the firm has struck between strong franchises in its local markets and a proven cross-border M&A capability.
With offices in London, Chicago and Madrid, Livingstone has completed 32 deals in 2009 (the same as in 2008) with an aggregate deal value of £905m, a performance which London-based partner Patrick Groarke described as 'steady- given the considerable market challenges that we have had to confront'.
Highlights included the sales of Advantage Rent A Car, the largest independent car rental agent in the US; Digital Window, the UK's No.1 independent online affiliate marketing network; Veris, Ireland's largest independent FM group; and the buy-out and subsequent sale of F1 team BrawnGP (through Livingstone's sister boutique Succession).
Groarke added: "We're looking forward to an improving 2010. The last few months have shown us that acquirers are back in the market and looking seriously at quality acquisition opportunities rather than just exploiting distressed sellers. There is also evidence of liquidity dripping back into the market which should help release some of the pent-up demand for investing in new deals within the UK private equity community."
Livingstone was previously voted 'Boutique of the Year' at the Private Equity Awards in 2006 and 2008. Groarke concluded: "To win the Mid-Market Advisor award is a testament to the hard yards put in by the whole Livingstone team."
For further information contact:
Patrick Groarke
T: 020 7484 4707
E: pgroarke@livingstonepartners.co.uk
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