BCMS advised deal announced as finalist for the 7th annual international M&A awards
BCMS is pleased to announce that the acquisition of Tew Engineering Ltd by L.B. Foster Company has been shortlisted as a finalist in the 7th Annual International M&A Awards.
The transaction, which is nominated for the Corporate / Strategic Acquisition of the Year (Over $50mm – $100mm) award category, was managed by international M&A advisor BCMS’ Major Transactions team, acting on behalf of Tew Engineering Ltd. Freeths LLP (also trading as Henmans Freeth in Oxford), a BCMS panel law firm, provided legal advice to the vendors.
An independent panel of judges will deliberate on the shortlisted finalists before selecting the overall winners. The results will be announced at the 7th Annual International M&A Awards Gala on 28th April at the New York Athletic Club.
TEW Engineering is a top quality British business with a reputation for engineering excellence, built up over the last century. For L.B. Foster, TEW provides significantly more scale in the UK, and an excellent platform from which to expand its European footprint. We are delighted to have brought the two parties together, and look forward to seeing TEW thrive in the years ahead.
Jonathan Dunn, Managing Director of BCMS’ Major Transaction Team
The shareholders of Tew Engineering Ltd were advised by leading national law firm Freeths LLP throughout the sale process. Freeths regularly work alongside BCMS on transactions and the close relationship between BCMS and Freeths means that the firm is highly regarded as a trusted legal panel advisor.
Phil Baigent, Partner Corporate at Freeths LLP, comments: “TEW Engineering is a real success story for British manufacturing. Having recently celebrated its centenary year, it is gratifying to have been involved, alongside BCMS, in handing over the reins to L.B. Foster who will, I am sure, continue that success for the next 100 years and beyond.”
David Fergusson, President and Co-CEO of The M&A Advisor, comments: “We are honoured to be able to celebrate the creativity, perseverance and ingenuity of our industry’s professionals and to recognize the contribution that the 2015 award finalists have made in the global M&A market.”
In 2014, a BCMS led deal also won the Corporate / Strategic Acquisition – Deal of the Year award, which was presented by The M&A Advisor and Bloomberg at the inaugural European Dealmakers’ Awards, presented in London.
About Freeths LLP
Freeths LLP (also trading as Henman Freeth in Oxford) is a leading national law firm with 11 offices throughout England working across all areas of practice including corporate, commercial, HR, pensions, real estate, planning, environmental, tax, dispute resolution, intellectual property, EC law, corporate deference, private client, education and charities. The firm’s approach is rooted in knowing and understanding its clients and building value. It prides itself on “thinking differently”, with the firm offering real insight and innovative solutions to legal and commercial issues and delivering these in a way in which helps its clients get a step ahead.
About The M&A Advisor
The M&A Advisor was founded in 1998 to offer insights and intelligence on the M&A market. Over the past seventeen years we have established the premier global network of M&A, turnaround and finance professionals. Today, we have the privilege of presenting, recognizing the achievements of, and facilitating connections between the industry’s top performers throughout the world.