MBO team win Sheffield region – Deal of the Year (up to £2.5m)
October 8, 2021
Insider Sheffield City Region Dealmaker of the Year was won by Cti and we are delighted to receive this recognition and to thank the employees for their support, and the financial and legal advisers who helped secure this deal.
Deal of the Year (up to £2.5m)
Winner: Management Buyout of Castings Technology International (CTI) (Castle Square Corporate Finance, Wake Smith, BHP, DLA Piper, Nucleus Commercial Finance, Gateley, Mercia Asset Management, Deloitte)
The judges said the acquisition from Sheffield University saved jobs, will lead to job creation and had echoes of the Sheffield Forgemasters deals of the 1990s, albeit on a different scale.
“We were delighted to eventually get this complex deal over the line and to receive such great recognition from the hard work of our team, City Leaders and our professionals”
Richard Cook, MD Castings Technology
“This deal involved many local professionals who worked so hard to complete the deal. It was good to have a deal Made in Sheffield using a local cast!”
Kevin Parkin, Executive Chairman Castings Technology