08 October 2018
Finance is delighted to announce that Simon Sherliker has recently been
promoted to Director within the firm. This promotion brings the Director team
at Spectrum to eight, reaffirming the company's position as the largest
independent corporate finance practice in the South, focused purely on lead and
debt advisory. Simon's promotion follows a series of recent recruits, bringing
the Spectrum team to twenty experienced professionals, across three offices in
London, Reading and Southampton.
Simon joined Spectrum in 2015 and works alongside Ian Milne on all Spectrum’s debt advisory transactions. In recent years Spectrum has seen a significant growth in debt advisory projects, with 2017/18 being a record year, completing 25 transactions in the past 12 months and raising over £275m on behalf of management teams and private equity investors funding acquisitions, raising working capital facilities or refinancing and recapitalising existing debt facilities.
Recent notable transactions include the recapitalisation of K2 on behalf of the company and Inflexion Private Equity; debt advisory to Lyceum Capital to support their investment into DMC Canotec; debt advisory to FPE Capital in support of the MBO of The NAV People; the recapitalisation of 23.5 Degrees on behalf of Connection Capital; and debt advisory to LDC on their acquisition of Paladone.
The success of the debt advisory business was nationally recognised by the private equity community when the team were recently shortlisted in the 'debt adviser of the year' category at the Unquote" British Private Equity Awards 2018. In addition, the growth of the business and demand for debt services has commanded additional support and expertise, so in September this year Julie Lada joined the team as Manager, working alongside Ian and Simon.
Commenting on his recent promotion Simon said, “Since joining Spectrum three years ago our team has more than doubled in number, we have opened a London office and had successive, record years. I am delighted to have been part of this ongoing growth and look forward to continuing to build on the relationships and deal flow with our clients in the future.”
Ian Milne, Managing Director and Head of Debt Advisory commented, “Simon has played a very important part in delivering the growth of the debt advisory business, and in further developing the market profile, presence and credibility of the Spectrum brand. Simon has been influential in bringing new deals into the business and has worked exceptionally hard to build relationships with our private equity and banking colleagues.
Simon works tirelessly on the detail of all our debt transactions and has forged excellent working relationships with his clients. This promotion is well-earned, and as a firm we are delighted to able to recognise Simon’s commitment and success.”