In the past fortnight, Momentum has engineered a £40 million finance raising for a major West-based business, and structured the acquisition of another business for Bristol-based Integral, the UK’s largest and fastest growing independent providers of property maintenance services.

The Integral transaction was Momentum’s third deal for this company, which has grown its turnover from £80 million to £147 million in just five years.

Having led the management buyout of Integral for £20 million, Momentum advised on a £40 million transaction just nine months later to provide the venture capital investor with an exit.  This also led to the company’s management owning the business outright.

The latest deal has enabled Integral to acquire the mechanical and electrical operations of OCS Engineering – reinforcing Integral’s presence in London and the South East, and providing OCS with access to Integral’s nationwide maintenance network, with the UK’s largest mobile maintenance fleet of more than 1,200 vehicles, and skilled technicians in every postcode area.

In 2007, Momentum was the South West’s leading corporate finance specialist in MBO and company sales, with transactions including the MBO for bio-technology leaders, Tocris; the USA sale of fire-safety specialists, Hall & Kay;  the MBO of Williams Medical Supplies (the UK’s largest distributor of medical products); and the USA sale of Rochford Thomson Equipment (world leaders in security technologies for airlines and immigration authorities).

A key factor in many of Momentum’s transactions has been the willingness of its partners to invest their own money alongside their clients.

Tony Kenny, founding partner of Momentum Corporate Finance, said:  “This willingness to invest alongside management teams underpins our determination to provide the most appropriate advice for our clients.  It also means that we are wholly committed to helping our clients to achieve their long term aims.

“Integral is a perfect example.  Having advised on the original MBO, we stayed with the company and were able to structure an early exit for the venture capital investor – more than doubling their initial investment and giving the company’s management full ownership. 

“Our latest deal has further boosted Integral’s rapid growth as a UK market leader in property maintenance”, said Mr Kenny.

Momentum’s policy of offering to invest their own money alongside their clients is not an option for the corporate finance teams in large accountancy firms.

The founding partners of Momentum, Tony Kenny and Rob Crews, were both formerly corporate finance specialists at the global accountancy firm, PwC.