Baldwins Accountancy Group has helped to safeguard the future of a leading North East-based data and technology business, by helping it to secure major transatlantic investment.
Regarded as one of the fastest growing accountancy practices in the UK, Baldwins based in Derby facilitated an agreement which has resulted in Newcastle-based Datatrial – a company which specialises in the clinical trials sector across the globe – being sold to a private equity investor in the USA, for an undisclosed fee.
Since the beginning of this year, one of Baldwin’s Corporate Finance Directors, David Bell, has been working in close partnership with Datatrial’s CEO, Dr Emma Banks, to negotiate the complex cross-border transaction.
Speaking about the deal, Dr Banks, said: “Our intention is to grow our client base and our workforce in the coming years and this investment will secure those opportunities for us.
“This complicated transaction has been completed because of the teamwork between Datatrial and the skill and diligence of David and his team.”
David Bell added: “Having recently expanded into Newcastle, this is the first transaction the team has completed and we are delighted to have got the deal over the line.
“Working on a cross-border deal, involving a plethora of advisers, working against the clock and dealing with different time zones, was certainly a test.
“Datatrial is precisely the sort of growing business the we specialise in dealing with and we look forward to helping them with their expansion plans in the coming months.”
Baldwins Accountants is one of the largest, independent accountancy firms in the UK with 27 offices and over 550 staff. The firm specialises in accountancy and business advisory services, including corporate finance and specialist tax advice to all businesses from start-ups to mature companies, across a broad range of business sectors.
