THE £25m flotation of Vertu Motors on the Alternative Investment Market and subsequent reverse takeover of Bristol Street Motors has been hailed as the North-East's deal of the year.
The deal, which saw Newcastle-based Vertu float last December, and then acquire Bristol Street Motors in March, was honoured at the inaugural Insider Magazine's North-East Dealmakers Awards.
Andrew Davison, commercial partner with Newcastle law firm Muckle LLP, which advised Vertu on the deal, was named corporate lawyer of the year at the event.
He said: "Vertu really was a great deal for the region, bringing the North-East another plc, giving us another major car dealership and demonstrating that North-East advisers can provide a service to match anything from London, however complex the deal."
The deal bought together brokers Brewin Dolphin, Barclays bank, tax advisers Deloitte and Touche, and PricewaterhouseCoopers, as well as law firms Eversheds and Dickinson Dees.
Mr Davison said: "We are delighted Vertu won deal of the year as the float and subsequent acquisition of Bristol Street Motors were complex deals to work on and called for skilled advisors, all from the region, to work closely together to deliver results."
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