Dains scoop prestigious ‘Deal of the Year’ award

Posted by on 3 June 2011 | 0 Comments

Dains Corporate Finance has won the coveted accolade ‘Deal of the Year’ award at this year's Insider East Midlands Dealmakers awards dinner for acting as lead adviser on the investment in Nottingham-based outdoor brand, Trekmates.  Dains were also shortlisted for Corporate Finance Advisory Team of the Year.

The dinner, promoted by Insider magazine, is an opportunity to showcase and celebrate the outstanding achievements of the region’s professional community.  The awards are voted on by accountants, lawyers, investors and bankers from across the Midlands region. 

The winning deal, which was completed in early 2011, was lead, structured and managed by Dains and saw Enterprise Ventures invest alongside debt facilities from Coop Bank as part of an £8.7m deal.  The deal was hailed by the judges as “our clear winner this year.”

Trekmates designs, sources and supplies a broad range of outdoor clothing and accessories such as gaiters and walking poles to over 500 retailers both in the UK and overseas. The business serves the independent sector and large national chains and has a growing international presence.  Established in 1997, Trekmates trades under its own brand with an emphasis on value-for-money products with high quality and technical excellence.

Dains Corporate Finance Partner, Simon Bursell, was presented the award alongside Simon Ward (Enterprise Ventures) and serial entrepreneur, Chris Prentice, the chairman of Trekmates.

Simon Bursell comments: “Buying and selling businesses has been challenging in recent years given the lack of confidence in the economy.  This transaction is a welcome sign that good quality businesses with growth prospects remain attractive propositions to investors and the banks.  We are delighted to have worked with such a fantastic company that has been one of the region’s success stories in recent years.”

For more information regarding buying or selling a business email: corporatefinance@dains.com

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