Clydesdale & Yorkshire Bank Corporate & Structured Finance shortlisted for two private equity awards

Clydesdale & Yorkshire Bank Corporate & Structured Finance is in the running for two separate industry awards in recognition of its support for private equity deals.

Clydesdale & Yorkshire Bank Corporate & Structured Finance has been short listed for the title of Leveraged Finance House of the Year in the Awards for Excellence in Private Equity Advisory Services Europe. The awards, organised by Private Equity News, take place on Wednesday 3 November at Banqueting House in the City of London.

It is also in the running for the Debt Provider of the Year title in the 2010 unquote” British Private Equity Awards which take place the following day, 4 November, at the Northumberland in Trafalgar Square, London.

The nominations come as Clydesdale & Yorkshire Bank Corporate & Structured Finance continues to strengthen its position within the deals market and its relationship with the PE sector. So far this year it has backed over 10 private equity deals nationally.

They include the £130m MBO of U-POL, a world leader in automotive refinish products, which saw Graphite Capital replace AAC Capital Partners; the £45m MBO of Teaching Personnel, the UK’s third largest provider of supply teachers and support staff to schools, by Graphite Capital; the buy-in of Dunham Leisure backed by RJD Partners, and the £47m refinancing of Carewatch Care Services, one of the UK’s largest domiciliary care providers which is owned by Lyceum Capital Partners.

Paul Shephard, divisional director for Corporate & Structured Finance, said: “We are delighted to be shortlisted for these awards, which is recognition of our support for PE-backed deals. Despite entering the M&A market a relatively short time ago, Clydesdale & Yorkshire Bank Corporate & Structured Finance has become an established force in supporting mid-market transactions and has built strong relationships with PE houses.

“We are now working to further develop our involvement with the industry and increase our investment, not just in terms of supporting MBOs and secondary buy-outs, but also refinancing deals for companies in private equity ownership.”