| Press Releases
25 April 2006
PROMOTION BRINGS PEADAR BACK UP NORTH
Asset based lending specialist Peadar O'Reilly has returned
to Enterprise Finance Europe (EFE) in Manchester from EFE’s
Birmingham office after being promoted to director.
Peadar’s role involves delivering innovative deal structures,
as well as continuing to look after clients post completion.
He will also continue to develop asset based lending as the
preferred choice for a wide range of transactions, including
buy-outs, refinancing and acquisitions.
After helping establish EFE in Manchester four years ago,
Peadar worked for two years in Birmingham when the business
launched its new Midland’s office, enhancing his reputation
as an accomplished deal-doer.
This culminated in the £4 million Lloyds British Testing
(LBT) take-private deal in which acquisition finance and working
capital, delivered by Peadar’s team, enabled management
of the Midlands-based engineering business to take back control
from public shareholders. This is one of only a handful of
asset backed public to private deals in the UK.
Peadar’s other major deals include the £6 million
asset based lending facility for Hubron, and the £2
million buy-out of Seac from a plc. The Seac deal meant Peadar
had just three weeks to manage the transaction from first
meeting to successful completion.
Jeremy Smith who heads up the northern team at EFE said;
“We’re delighted Peadar is achieving the recognition
he deserves. He’s an accomplished deal-doer with an
excellent reputation, and has made a considerable contribution
to EFE’s success.”
Commenting on his new appointment, Peadar said: “Although
I very much enjoyed working in Birmingham, I’m glad
to be back in Manchester where I derive great personal satisfaction
from helping Jeremy Smith, Judith McMath and Gary Davison
to set up EFE and develop a thriving client base.”
Before joining EFE, he worked at its parent business and Bank
of Ireland for four years. Aged 29, Peadar lives in Worsley,
Manchester and enjoys golf, skiing and mountain biking.
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