Bifold buyout named Deal of the Year at Dealmakers awards

The £85m sale of pump and valve manufacturer Bifold Group, advised on by international investment bank Altium, has been named Deal of the Year at the 2012 Insider North West Dealmakers Awards.

The deal saw LDC take a minority stake in the business as it looks to grow turnover from £40m this financial year to around £100m by 2017 through organic expansion and acquisitions. Caird Capital exited Bifold.

Altium’s deal team included managing directors Simon Lord and Adrian Reed, assistant director Andy Clarke and associate Adam Sivner.