Ashcroft Partnership LLP, the Cambridge-based boutique accountancy firm, has expanded its corporate finance offering to provide its clients with additional transaction services and due diligence expertise.
The introduction of the expanded services is in recognition of increased nationwide corporate finance activity and the market demand for specialist support. In addition to its exceptional organic growth since launching in 2020, the firm has hired and built a skilled team to service that demand to existing and new professional partners and its clients. Working on behalf of buyers, sellers and lenders, the firm will now officially perform full scope pre- and post-transaction services and due diligence, including: acquisition due diligence, vendor (or sell-side) due diligence, vendor assistance, sale and purchase agreement advice, tax due diligence.
Tom Gallop, Partner and corporate finance lead, said: “We have a strong reputation for completing mergers and acquisitions in the region; working closely with buyers, sellers and collaboratively with wider deal teams throughout each transaction to ensure our clients receive a tailored, seamless and valuable service. It is a natural evolution of our corporate finance offering to now support our clients with due diligence.”
Ashcroft has been implementing this service for a small number of clients before officially adding it to its proposition and making it available to a wider network. In 2021, Ashcroft acted as advisors and performed due diligence for US private equity firm Sixth Street looking at its first acquisition in the fresh produce production sector and provided a report and guidance on the purchase. The corporate finance team also supported Macquarie Bank through its acquisition of a number of biomass operations for its renewals platform.
Leading the new Transaction Services offering is Senior Manager, Robert Levett, who joins Ashcroft with over 12 years’ experience across audit, taxation, business advisory and senior management in industry. Commenting on Robert joining Ashcroft, Dominic Anthony, Partner, said: “As advisors and auditors to entrepreneurs, we understand acquisition targets and use our knowledge to provide meaningful assurance and data. We are passionate about what we do and how we do it, which is why we have brought Robert on-board to grow our offering.”
Robert said: “At Ashcroft, we realise that every client and transaction is unique. That’s why we remain flexible in our approach to deliver the best possible outcomes for our clients. I am excited to be joining the well-respected corporate finance team at Ashcroft and delivering on our promise of different.”
Photo caption: (L – R) Tom Gallop, Robert Levett and Dominic Anthony