Castle transaction wins Deal of the Year at the Insider South East Dealmakers Awards

A fantastic evening at the annual Insider South East Dealmakers Awards saw Tribeca Technology Holdings Limited’s sale to global managed service provider Abacus Group, win Deal of the Year (£10m-£40m). The deal saw private equity-backed, New York headquartered, Abacus Group significantly increase the size of its UK business capabilities. Castle was lead adviser on the transaction.

The judges noted that “the deal involved a complex spectrum of players and required input at many levels” and were keen to applaud the way in which the many different layers were handled with efficiency and professionalism.

Stuart Stepney, Castle Managing Director, commented: “This award is testament to the calibre of the professionals involved in the transaction and epitomises Castle’s abilities to successfully lead on exits of owner-managed businesses to overseas investors. In the same category, it was also great to be Highly Commended for our work on advising eighth-generation, family-owned Lodge Brothers Funerals Limited on its sale to an Employee Ownership Trust – the first funeral director in the UK to do so.”