Greenaway Scott Group has launched a new and innovative corporate finance lead advisory boutique supporting the region’s fastest growing businesses.
The award-winning Cardiff-based business advisory firm has joined forces with Lime Finance to launch Verde Corporate Finance. This will operate as an advisory boutique within the Greenaway Scott Group, with the leading firm taking a 51 per cent stake in the new joint venture.
Heading up Verde Corporate Finance is experienced corporate finance director Tom O’Brien, who will act as lead advisor for the business. Mr O’Brien was previously corporate finance manager at award-winning Top 15 Group of UK Chartered Accountants UHY Hacker Young, and also previously the acquisitions director for design practice HLN Group.
On the launch of the venture, Nigel Greenaway, the founder of Greenaway Scott which recently claimed the top Legal and Financial prize at the 2017 Cardiff Life Awards, said the launch marked the beginning of an “exciting new phase” for the business.
“We are delighted to have Tom join the group, and to have established Verde Corporate Finance. We know from our experiences over the last year that a lead advisory business working with a law firm works well as a concept, and the aim with Tom is to partner with someone who shares the ethos and ambitions of the team at Greenaway Scott.
“Tom’s experience within the corporate finance industry is impressive and something we feel will undoubtedly strengthen and add value to our group offering.”
Mr O’ Brien said:
“Verde Corporate Finance will offer expert advice to a niche fast-growth business sector in Wales offering vital support to all levels of companies from start ups right through to established brands. It will very much focus on the dynamic and growing businesses that Greenaway Scott already assist, and will focus on the development of new technologies and businesses from inception.”
The move comes after an already thriving period for Greenaway Scott, which provides corporate, commercial and intellectual property advice to companies across the life science, technology, pharmaceutical and IT sectors.
The Cardiff-based firm recently celebrated after receiving approval from the Solicitors Regulation Authority (SRA) to alter its structure to an Alternative Business Structure (ABS).
This will allow the thriving firm to operate within a group structure as a multi-disciplinary practice delivering other professional services, alongside its legal activity, in the future. Verde Corporate Finance is the first addition to the group.
Mr Greenaway added:
“We look forward to watching the growth of Verde Corporate Finance throughout the year and seeing what exciting developments it brings.”