Spectrum Corporate 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.
Sherliker’s promotion follows a series of recent recruits, bringing the Spectrum team to 20 experienced professionals, across three offices in London, Reading and Southampton.
Sherliker 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 its 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 its 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 Milne and Sherliker.
Commenting on his recent promotion Sherliker 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.”