Cambridge accountancy firm Ashcroft Partnership expands corporate finance offer

Ashcroft Partnership LLP has expanded its corporate finance offering to provide additional transaction services and due diligence expertise.

The Cambridge-based boutique accountancy firm says it has moved in response to increased nationwide corporate finance activity and the market demand for specialist support.

Having made new hires, the firm is now able to work on behalf of buyers, sellers and lenders, offering full scope pre- and post-transaction services and due diligence, including: acquisition due diligence, vendor (or sell-side) due diligence, vendor assistance, sale and purchase agreement advice, tax due diligence.

Tom Gallop, partner and corporate finance lead, said: “We have a strong reputation for completing mergers and acquisitions in the region; working closely with buyers, sellers and collaboratively with wider deal teams throughout each transaction to ensure our clients receive a tailored, seamless and valuable service.

“It is a natural evolution of our corporate finance offering to now support our clients with due diligence.”

Ashcroft, formed in 2020, had been implementing the service for a small number of clients before making it available to its wider network.

In 2021, it acted as advisors and performed due diligence for US private equity firm Sixth Street as it looked at its first acquisition in the fresh produce production sector, providing a report and guidance on the purchase.

The corporate finance team also supported Macquarie Bank through its acquisition of a biomass operations for its renewals platform.

Senior manager Robert Levett will lead the new transaction services and joins Ashcroft with more than 12 years’ experience in audit, taxation, business advisory and senior management in industry.

Partner Dominic Anthony said: “As advisors and auditors to entrepreneurs, we understand acquisition targets and use our knowledge to provide meaningful assurance and data. We are passionate about what we do and how we do it, which is why we have brought Robert on board to grow our offering.”

Robert said: “At Ashcroft, we realise that every client and transaction is unique. That’s why we remain flexible in our approach to deliver the best possible outcomes for our clients. I am excited to be joining the well-respected corporate finance team at Ashcroft and delivering on our promise of different.”