MOMENTUM CORPORATE FINANCE ANNOUNCES NEW PARTNER
July 2008
Promotion sends “strong message of unrivalled corporate finance experience” to West’s financial and business sectors
The West’s leading advisers on management buyouts and company sales has just made Alastair Boorman a full partner in the firm.
Mr Boorman, described as a “young and talented dealmaker”, was Momentum’s first-ever employee and had worked his way up to Assistant Director before being made full partner.
The appointment, made at a time when many financial forecasters are predicting rocky and turbulent times ahead, sends a strong message that Momentum are planning for the long term.
It also means Momentum now has three full partners marking the firm out from its competitors in the corporate finance sector.
“There are tough times ahead, but despite the doom and gloom Momentum is taking a positive approach to the market,” said Mr Boorman. “The fact we now have three full partners sends a strong message to the West’s financial sector and shows our commitment to the long-term growth of the business.”
In the first quarter of 2008 Momentum delivered four major transactions totalling £60 million - £5 million more than the same period in 2007. Since its launch three years ago it has completed transactions topping £300 million.
Chartered accountant Mr Boorman, who was trained at global accounting giant PricewaterhouseCoopers, joined Momentum just two months after it was formed by fellow partners Tony Kenny and Rob Crews in February 2005.
Mr Kenny said: “Alastair has played a key role in virtually all of the transactions that have been completed by Momentum since its formation and his promotion to partner is well-deserved.”
Mr Crews said: “The expansion of our partnership underlines our confidence in the corporate finance market at a time when others are being more cautious. Having three partners is a real source of differentiation in the market and enables us to provide our clients with a team of unrivalled corporate finance experience.”
Mr Kenny added: “I firmly believe that whatever market conditions we might face in the coming months Momentum, with its philosophy of ‘bluechip experience with an independent and entrepreneurial outlook’, continues to be extremely well positioned to provide the best corporate finance advice available.”