Livingstone Guarantee launched Synergy Corporate Finance earlier this month and according to Synergy’s chairman and founder of Livingstone Guarantee, Barrie Pearson, the new team already has ten confirmed mandates on its books. These are primarily disposals and are both corporate disposals and disposals of private equity-backed investee companies.
The rationale behind the launch of Synergy Corporate Finance was to fill a gap in the market caused by Livingstone Guarantee and firms like it concentrating on advisory mandates in the GBP10 million to GBP100 million range. “Synergy Corporate Finance is a wholly-owned division of Livingstone Guarantee and we are at pains not to make it a subsidiary. It will have access to the specialist sector research in Livingstone Guarantee and to Livingstone Guarantees global independent corporate finance network,” says Barrie Pearson.
Aside from Pearson, the Synergy Corporate Finance team is made up of Andrew Clarfield, who is executive director and transferred across from Livingstone Guarantee, and Nigel Morgan, who joins as executive director from Deloitte & Touche Corporate Finance. Synergy has also recruited a corporate finance executive from one of the large accountancy firms who joins the firm at the beginning of next month.
“Livingstone Guarantee’s present offices are fairly close to capacity therefore further hiring next year will be the catalyst to move Synergy to its own offices in central London,” says Pearson, who expects additional personnel to be hired by Synergy next year.