Livingstone Guarantee, the London-based independent corporate finance house, is merging with NC Finanzas Corporativas, its long-standing Spanish partners, and ONE Worldwide, a Chicago-based M&A advisory house, to create the first trans-Atlantic investment banking boutique focused on M&A and private equity transactions with values of €15m – €150m.
Livingstone was founded in 1976 and ranked as the UK’s No.1 ‘mid-market’ boutique in 2006 (Thomson Financial). To reflect the UK team’s long heritage of deal-making, the international business will adopt the ‘Livingstone’ brand across all of its offices.
Livingstone is establishing an important strategic presence in the US mid-market through an operational merger with ONE Worldwide, a Chicago-based boutique established by seasoned investment bankers Steve Miles and David Sulaski.
Livingstone partner Jeremy Furniss comments, “The US has been the most important source of strategic buyers and investors for our entrepreneurial clients from our inception 30 years ago. Since 1995, we have completed over 83 transactions with US counterparties and have closed over 45% of our deals with overseas groups. The creation of our own international infrastructure is therefore a natural extension to an already very cosmopolitan business”.
Livingstone is also consummating a 13 year courtship with Neil Collen, the British founder of Spanish boutique NC Finanzas Corporativas (‘NC’), one of the country’s leading independent M&A advisers. The firm has a staff of 14 based in Madrid and a satellite office in Valencia, in the heart of Spain’s industrial region.
Following these developments, Livingstone will have an investment banking team of 45 and a total staff of 65 across three principal offices in London, Chicago and Madrid. In 2006, the Livingstone teams completed 43 transactions with an aggregate deal value of $1.8bn.