Rebecca (Becs) Bate 🐑’s Post

𝗠𝗶𝗰𝗵𝗶𝗴𝗮𝗻 𝗖𝗿𝗲𝗱𝗶𝘁 𝗨𝗻𝗶𝗼𝗻 𝗟𝗮𝗻𝗱𝘀 𝗦𝗲𝗰𝗼𝗻𝗱 𝗕𝗮𝗻𝗸 𝗗𝗲𝗮𝗹 𝗶𝗻 𝗙𝗹𝗼𝗿𝗶𝗱𝗮 🚀 🌟 DFCU Financial, a credit union hailing from Dearborn, Michigan, has just sealed its second acquisition in the Sunshine State, marking the 20th credit union-bank merger this year. 📈 Key Highlights: • 🎉 This acquisition of Winter Park National Bank in Orlando follows DFCU's previous purchase of First Citrus Bank in Tampa. • 🏦 The move not only scales up DFCU's operations in Florida but also enhances its commercial loan offerings. • 👤 David Dotherow, CEO of Winter Park National, will take on the role of Central Florida president post-merger. 🔍 Why This Matters: • 📅 The deal showcases the ongoing trend of credit unions expanding through acquisitions, particularly in Florida, aiming to diversify into business lending and grow their market presence. • 💼 Credit union-bank mergers have become a significant part of banking deal activity, accounting for nearly a fifth of all transactions this year. #Banking #Finance #DFCUFinancial #CreditUnion #Acquisition #FloridaBusiness #Orlando #Tampa #WinterPark #BankingIndustry #MergersAndAcquisitions #FinancialServices #CommunityBanking #EconomicGrowth

Yesterday I attended #IMNCorporateDeals at the The Union League Club I established new relationships and learned from esteemed colleagues. Here are some new colleagues who smiled 😊 for the 📸 Leslie Fajfer - Business Outsourcing Services (BOS) - Armanino LLP Jaime Greenstreet Winston & Strawn LLP Christine Phillips Fieldfisher Augusto C. Lima Molina Healthcare #IMNEvents #networking #mandafinancing Prestige Capital is a 39-year-old invoice finance company providing immediate liquidity to companies between 2 million - 300 million in annual sales anywhere in North America funding typically in 5 to 7 business days in all financing situations: * early stage * refinance * turnaround finance * DIP Finance * M and A and leverage buyout

ICYMI: New Orleans is making a name for itself as one of the top U.S. metros for #BlackOwnedBusiness! According to a new report by LendingTree, the city ranked 18th on the portion of ventures owned by Black entrepreneurs and 30th overall in total number of Black firms. Check out this article from Louisiana Weekly Publishing Co for more on recent efforts to reduce obstacles for diverse businesses, including our InvestNOLA and Resilient Corridors Initiatives: https://lnkd.in/gPSZAYHC

Every franchisor, multi-unit franchisee, and their respective advisors needs to fully understand the reasons why franchise companies are highly sought after by private equity firms, strategic and other buyers. Our panel, led by Christian Davis (CIBC Commercial Banking), Grant Marcks, (The Riverside Company), and Dan Monaghan - CFE, (Clear Summit Group), will share valuable insights to help you make informed decisions, whether you plan for growth or an exit strategy in the near or distant future. Register for #FMTM24 here: https://lnkd.in/eab6uP-U #CFAGrowingTogether #FranchisingMeetsTheMoney #PrivateEquity

Some brilliant insight shared by the Yorkshire Post following a roundtable event in Leeds attended by Allica’s Chief Lending Officer Niv Subramanian and our Relationship Manager for the North West Andy Castle. Joined by a number of business leaders in the area, we gained invaluable insights into the challenges faced by Yorkshire businesses, including: - hiring and retaining talent - investment in local infrastructure - finding the finance to grow - the rising costs of doing business - ongoing political uncertainty Thanks to Greg Wright for chairing! Check out coverage from the Yorkshire Post in the comments below 👇 #yorkshire #yorkshirebusiness #businessbanking

Brooks Macdonald lose UK distribution head to Ascot Lloyd. Ascot Lloyd has poached Brooks Macdonald’s Gary Stirrup to become its chief commercial officer. Check out Linus Uhlig's latest article 👇 https://incm.pub/3VkznaE #investing #assetmanagement #wealthmanagement #finance

March has certainly picked up in momentum with an added uptake in appointments in the past week within the UK Wealth Management and Private Banking sector. On a side note before we highlight the more notable moves Signia Search would like to offer congratulations to all nominees and finalists during this year's award season. Fantastic to see so many familiar clients and connections reaping the rewards and acknowledgement for the betterment of the industry. - David Kelly joins Wren Sterling as CFO as part of a planned succession of Andy Moss who will be stepping down after 8 years in the role. This follows a sustained growth plan following Lightyear Capital's 2021 majority investment buyout of Palatine Private Equity. - Irwin Mitchell appoints Stewart Sanderson as CEO of its Financial Planning and Wealth Management business following a titanic innings by Richard Potts who will be retiring after 20 years. Stewart departs Brooks MacDonald where he was the UK Private Client Head. IW has over £1.2bn and 75 staff having grown from a startup. - Brooks MacDonald appoints Alex Charalambous as Head of Wealth leading the advice-led wealth offering. Charalambous joins from Investec Wealth & Investment UK where he was co-head of private clients and global HNW. - Saltus announced the appointment of Bronek Masojada as its new Chairman, formerly CEO of Hiscox which has grown to a £4bn market capitalisation. Bronek will critically oversee the expansion of the Saltus Partnership Programme (launched in Sep 2023) supporting the growth and succession of IFA businesses in the UK. - Kieran Follis Chartered MCSI has teamed up with P1 Investment Services to launch Magellan Research & Investment offering active risk-adjusted model portfolios for advisers and clients. Follis departs Tees Wealth as Head of Investments. MRI will operate under the P1 umbrella following a string of similar boutique launches in recent months. - Titan Private Wealth appoints Matthew Beddall as joint Chief Exec alongside existing CEO Mark Puleikis. Bedall joins from Investec Wealth & Investment UK where he was divisional director and head of the Sheffield office. This follows Titan's recent acquisition of Cardale Asset Management Limited following US private equity firm Parthenon Capital's takeover of parent group TPW late last year. Have we missed anything? Please feel free to share and comment. Signia Search ; Building Connections Enabling Growth #wealthmanagement #investmentmanagement #financialplanning #privatebanking #uk #peoplemoves #executivesinwealth #appointments #succession #growth #buildingconnectionsenablinggrowth #executivesearch #marketnews #hnw #uhnw #privateequity #consolidation #mergers #aquisitions #signiasearch #podcast #introductions #networks

If 'Bench GCs' is passé, can we call them 'Special Teams GCs'? You heard it here first. Oh ok, I'll give the credit on this one to Kasit Rochanakorn. Hardly a day goes by without someone on the investor side mentioning the value of access to a bank of 'special teams' GCs - ready to step into portfolio companies on a full or fractional basis to take that company through a specific type of transaction. Transaction complete? the investor community trusts you with their portfolio companies now, so let's bank that and move on to the next. CFOs have been doing this for years, and the 'special teams' GC is a common phenomenon in the US, but infant in the UK. Given our combined GC experience on the permanent and interim side (Charles Waples), we have the knowledge of the GC community, the investor side, and the private practice superstars to service precisely this market need. Would welcome a conversation from any angle on this as we more tightly define our 'special teams' GC proposition to investors, alongside our wider PE/VC initiatives in the firm. #specialteams #generalcounsel #ipo #portfoliocompany #inhouselegal #odgersberndtson

An absolute honour and delight to be featured in today's TheBusinessDesk.com and Rainmakers subscriber content. There is no doubt Private Equity has transformed the landscape for regional businesses for the better.  The Rainmakers conference in March demonstrated this with the sheer volume of of big hitters in the room sharing their perspectives on regional investing and good news stories. To be clear my experience of working within PE was positive. I'm a huge advocate of PE in general. However, my role at Palatine and in the 3 years since setting up Implicit Advisory Limited demonstrated there is still work to do in supporting founders to successfully navigate the PE landscape. The investment and advisory ecosystem thrives through the value these founders create and I've been lucky enough to carve out a role to offer the independent support they deserve to improve their outcomes on the other side of exit. When it comes to PE there is a lot of choice and no two funds are the same. All houses have their own personality, MO in a deal, approach to value creation and investment management. There's no 𝘳𝘪𝘨𝘩𝘵 or 𝘸𝘳𝘰𝘯𝘨 approach.  All PE focus on is a house style that enables them to achieve the returns they need to raise new funds.  PE make decisions on fact, not emotion.  That's where most of the friction comes from. Founder / PE fit is more about alignment of values than valuation and deal structure. CF processes prep the business, not the person. Prepping founders and their businesses pre CF appointment de-risks the transaction for founders, investors and advisers. Founders in turn gain more control over who they sell to and when. Our approach Implicit Advisory Limited combines EQ with the personal objectives and IQ with M&A driven market insights, we align the plan with value drivers and highlight ideal buyers. PE investment can be a positive experience for founders who enter the process with eyes wide open. **As a side note, I've known Michael since late 2,000's, the Corporate Finance market has changed beyond recognition since then. Way more professionalised, a lot less lads club. If you haven't read Michael Taylor 40 under 40, you should. I was unfortunate enough to be making my way up in the Manchester CF community through my early 20s during the period in that book.  While the characters might seem far fetched, believe me they were real!  That's where I developed rhino skin. #corporatefinance #privatequity  

At NatWest Broker, we’re committed to helping businesses grow and succeed. Recently, we provided £2m in funding to a seasoned restaurant and hotel operator in Bristol. Why do we do it? Because we believe in supporting our brokers, and their entrepreneurs who are expanding and creating more opportunities in their communities. The funding will allow the business to acquire a second location, upgrade existing premises, and strengthen their working capital. Our goal is to ensure businesses can scale effectively and sustainably, unlocking their full potential. We’re not just providing capital—we’re helping businesses turn their vision into reality and we”re supporting our growing panel of brokers. #BusinessGrowth #HospitalityIndustry #NatWest #doingagreatdealforbrokers #BusinessFinance #SupportingGrowth