Tag: announcement

HNH lead advisor in SSAS Solutions sale

Posted on by Rory Moynagh

SSAS Solutions has become part of listed wealth management group Mattioli Woods.

SSAS is a Belfast-based firm specialising in offering business owners tailored retirement schemes. Established in 2009 and now employing 12 staff, it provides pension administration and trustee services to more than 350 small self-administered scheme (SSAS) clients, with approximately £380m of assets under administration.

Director-owner Allison Chambers of SSAS expressed her appreciation of the role HNH played in the deal.

“We were delighted to work with the HNH team, who supported and guided us throughout the process. Their wealth of experience and negotiating skills were paramount in terms of the successful outcome,” she said.

This is the latest deal announcement in a sector for which consolidation has been a key recent theme. A trend that HNH believe will continue throughout 2019 and beyond.

“In recent months, we’ve seen Davy acquiring the former Danske wealth management business, 1825 acquiring BDO’s wealth management business and now Mattioli Woods acquiring SSAS Solutions,” said HNH Directors Richard Moorehead and Wayne Horwood.

“We were honoured to act as lead advisor to Allison and Michael and would be interested to speak with any other business owners in the sector who may be considering their options.”

Mattioli Woods said it will be business as usual for the SSAS Solutions team while it will also be looking to enhance the team as it expands its operations into the region, including the creation of a new administration hub for the group and the development of the existing client offering to include SIPPs (self-invested personal pensions).

“Being part of the Mattioli Woods group provides us with an additional resource and group support to enable the business to grow while still maintaining our strong client values, which also mirror those of Mattioli Woods,” said Allison Chambers and Michael Galway, director-owners of SSAS Solutions.

Mattioli Woods’ group managing director Murray Smith added: “We are thrilled to welcome the SSAS Solutions team into the Mattioli Woods family. A great opportunity to build on the success of an established business in Northern Ireland – where we already have a number of clients – we’ve known Michael and Allison for a number of years and have huge respect for the technical expertise their team offers.

“Their well-regarded skills and knowledge will be a valuable addition to our growing business, serving to further strengthen our services to clients and customers throughout Northern Ireland. We look forward to welcoming them to our expanding team.”

HNH acts as lead advisor in JW Kane sale

Posted on by Rory Moynagh

HNH are pleased to announce that Singapore Aerospace Manufacturing Pte Ltd (SAM) has completed its acquisition of JW Kane Precision Limited (JW Kane).

As lead advisor to the seller, HNH Director Wayne Horwood believes SAM’s foreign investment in Northern Ireland is another positive boost for the region.

“We’re delighted that SAM are investing in Northern Ireland and the future of JW Kane,” Horwood said.

“One of the benefits of SAM’s investment is to allow JW Kane to continue their good charity work throughout Northern Ireland.”

What is JW Kane?

JW Kane is a provider of supply chain solutions to the global Aerostructures industry.

Founded in 1984 by Mr James Walker Kane MBE and located in Northern Ireland, JW Kane utilise high speed machining technologies coupled with engineering know-how.

What is Singapore Aerospace Manufacturing?

SAM is a company incorporated and domiciled in the Republic of Singapore, providing precision engineering and equipment integration serving the global aerospace and industrial equipment arena.

The SAM Group of Companies have established operations in Singapore, Malaysia, Thailand, China and Germany.

Joining the family

“We are very excited to become part of the SAM family,” said Damian McArdle, JW Kane MD.

“Throughout the acquisition process, we could feel the synergy, vibe and energy working between our teams and it was a beautiful representation of the desired ‘beyond expectations’ performance that customers can anticipate from the new organisation,” he said.

“Never are we more certain of our capability to support customer demand and execute on our strategic growth objectives as part of the larger SAM group.”

“JW Kane is a terrific fit for SAM’s aggressive global growth strategy,” said Jeffrey Goh, SAM CEO and President.

With our plan to grow the capabilities and capacities in JW Kane, we will be able to offer more value added solutions to our customers in United Kingdom, Europe and the rest of the world.”

HNH Director Wayne Horwood is lead advisor in JW Kane sale
HNH Director Wayne Horwood

Wayne Horwood
Director
Email: wayne@hnhgroup.co.uk
Telephone: 02890 316931

McLean gains Forensic Accounting distinction

Posted on by Rory Moynagh

HNH Forensic Services

HNH Group are delighted to announce that our Forensic Services Senior Manager Cathy McLean has successfully gained a distinction in the Diploma in Forensic Accounting qualification provided by Chartered Accountants Ireland.

This course is designed to provide qualified accountants with the skills and knowledge required to undertake forensic accounting assignments and to act as expert witnesses. As such, Cathy will be able to build upon her extensive forensic accounting experience gained to date and her qualification further strengthens the Forensic Services team in HNH.

This offering is particularly relevant given the need for qualified accountants to investigate, document and prepare reports suitable for use in Court. Recent directions from the Northern Irish Courts introduced a requirement for all experts giving evidence in Northern Ireland to undertake appropriate training and to seek accreditation.

The HNH Forensic team is led by James Neill, an accredited expert witness, and if you would like more details on HNH Group’s forensic accounting services, please see contact details below.

james
James Neill
Head of Forensic Services
Email: james@hnhgroup.co.uk
Telephone: 02890 316934

Cathy McLean
Forensic Services Senior Manager
Email: cathy@hnhgroup.co.uk
Telephone: 02890 316937

Shortlists revealed for NI Dealmakers Awards

Posted on by Rory Moynagh

HNH features prominently in the 2019 Northern Ireland Dealmakers Awards shortlists.

We have been shortlisted in the Corporate Finance Team of the Year category. Craig Holmes features in the Dealmaker of the Year list. While, we were involved in a number of deals which have also gained prominence – the sale of fscom’s KYC Pro product to PWC, funding for ISL Waste Management Ltd (both feature in Deal of the Year – below £2.5m) and the acquisition of Alumasc Facades by Kilwaughter (Deal of the Year £2.5 – £10m).

HNH Director Richard Moorehead is proud of his team:

“2018 was a fantastic year for HNH’s CF team, which nearly doubled in size from five to nine team members over the course of the year. As well as giving us crucial extra bandwidth, our targeted recruitment has added expertise in financial modelling, transaction services and debt advisory,” he said.

“We completed 15 transactions during 2018, covering a wide range of sectors and transaction types. Having three of our deals (Kilwaughter, FSCom and ISL) shortlisted for deal of the year is testament to the strength of our team and their hard work and dedication.

“2019 has continued in the same vein as 2018.  At the end of last month, we completed the sale of the leading independent foodservice business, Foodco, to Henderson Foodservice and have another four or five deals scheduled to complete before the end of this quarter. ”

The annual NI Dealmakers Awards aim to recognise the high quality professional advisory firms and funders in Northern Ireland and some of the best deals in which they have been involved in over the previous calendar year. All winners will be revealed at the gala dinner event set to take place at the Stormont Hotel in Belfast on 14 March 2019.

Inspire partnership announcement

Posted on by Rory Moynagh

HNH Group are thrilled to announce that we’re partnering with Inspire as our charity of choice.

We are completely on board with Inspire CEO Peter McBride’s philosophy of bringing your whole self to the office every day. So, it’s a natural fit to partner with an organisation who does such great work in this area.

Back in February this year, HNH Human Capital Director Sarah Orange was invited along to an Institute of Directors event where Peter spoke and it struck a chord.

“My experience of corporate environments is that the idea of bringing your whole self to the office each day is inhibited by rigid structures and stale expectations,” she said.

“It would be a boring place if we were all the same.

“Embracing diversity is healthy and makes for a more productive working environment as well.

“Therefore, it’s our responsibility as an employer to encourage our staff to thrive.

“It’s an environment we’ve always tried to embrace here at HNH, where an open door policy and shared ambition isn’t stifled by hierarchy.”

There are plenty of opportunities to collaborate with Inspire in 2019, so stay tuned for some fun activities and content on our social media channels.

LinkedIn:
HNH Group
HNH Human Capital

Twitter:
@hnh_group
@hnhhumancapital

Facebook:
HNH Group Global
HNH Human Capital

HNH Group Retains ‘Corporate Finance Advisory Team of the Year’ Award

Posted on by Rory Moynagh

HNH Group was again named ‘Corporate Finance Advisory Team of the Year’ at the annual Insider Northern Ireland Dealmakers Awards in front of an audience of over 300 at the La Mon Hotel & Country Club in Belfast last night.

For a fourth year, HNH, which celebrates only its fifth anniversary this year, beat strong and
long-established competition to win the award which recognises the achievements of those individuals and firms whose skill, creativity and sheer determination have stood out over the past year.

Led by Directors Craig Holmes and Wayne Horwood, HNH’s Corporate Finance team provides long-term financial strategies for private companies, private equity funds and financial institutions. The company advises on all aspects of corporate finance including mergers and acquisitions (M&A) and company sales through to management buy-outs (MBOs) and fundraising.

HNH was singled out for their work on numerous deals in the region in the last year, including advising on the sale of Nelson Hydraulics to Flowtech Fluidpower plc, refinancing for Keys Group and the high profile acquisitions of Boojum and four titles from Greer Publications by Independent News & Media.

Craig Holmes says: “To receive this award for four out of the five years we have been in business is a great honour. It recognises the achievements and excellent work done by the team over the last year. It’s also testament to the drive and ambition of the clients with whom we work and we’re very pleased to be singled out for helping them to achieve their goals.”

The award comes at a time of continued growth for HNH Group which, in addition to corporate finance, provides business restructuring, forensics, digital consultancy and human capital services. In 2015, the company welcomed Gerry McGinn, previously Managing Director of First Trust Bank and Chief Executive of Irish Nationwide and Bank of Ireland, as Chairman.

HNH announce exam success and promotions in Business Restructuring

Posted on by Rory Moynagh

HNH are delighted to announce that both Rachel Foster and Rory Moynagh have recently passed the Certificate of Proficiency in Insolvency (CPI) exam. Both Rachel and Rory have also been promoted to Managers within the Business Restructuring department as the department continues to grow. James Neill (HNH Restructuring Partner) commented, “I am delighted that the hard work of both Rachel and Rory has paid off and that their ongoing professional development continues to strengthen the HNH Restructuring team”.