<br />
ISSUE 180<br />
MARCH 2016<br />
ICAEW.COM/CFF<br />
GROWTH | OPPORTUNITIES | EXPERTISE<br />
...BUT WHERE NEXT FOR DEBT MARKETS?<br />
VITALITY IN THE VALLEYS: THE FUNDS BRINGING INNOVATION AND 40,000 JOBS TO WALES<br />
OUT OF AFRICA: TRUWORTHS' £256M ACQUISITION OF SHOE RETAILER OFFICE<br />
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Contents March 2016 Issue 180 Join the faculty's LinkedIn group:<br />
ICAEW Corporate Finance Faculty<br />
icaew.com/cff<br />
GROWTH | OPPORTUNITIES | EXPERTISE<br />
04 Editor's letter<br />
M<a title="Corporate Financier MARCH 16 page 1" href="http://viewer.zmags.com/publication/8c02acae?page=1"> ISSUE 180 MARCH 2016 ICAEW.COM/CFF GROWTH | OPP</a>
<a title="Corporate Financier MARCH 16 page 2" href="http://viewer.zmags.com/publication/8c02acae?page=2"> 5 questions DB about your scheme Call the ex</a>
<a title="Corporate Financier MARCH 16 page 3" href="http://viewer.zmags.com/publication/8c02acae?page=3"> @ICAEW_CORP_FIN Contents March 2016 Issue 180 </a>
<a title="Corporate Financier MARCH 16 page 4" href="http://viewer.zmags.com/publication/8c02acae?page=4"> WELCOME Death, taxes and... There are only</a>
<a title="Corporate Financier MARCH 16 page 5" href="http://viewer.zmags.com/publication/8c02acae?page=5"> NEWS & EVENTS Faculty news Lord Mountev</a>
<a title="Corporate Financier MARCH 16 page 6" href="http://viewer.zmags.com/publication/8c02acae?page=6"> NEWS & EVENTS ICAEW CONTRIBUTES TO `</a>
<a title="Corporate Financier MARCH 16 page 7" href="http://viewer.zmags.com/publication/8c02acae?page=7"> STANDING UP FOR EIS, SEIS AND VENTURE CAPITAL TRU</a>
<a title="Corporate Financier MARCH 16 page 8" href="http://viewer.zmags.com/publication/8c02acae?page=8"> BRIEFING In numbers Record number of small b</a>
<a title="Corporate Financier MARCH 16 page 9" href="http://viewer.zmags.com/publication/8c02acae?page=9"> MOULTON STEEL Who's next? No one is infalli</a>
<a title="Corporate Financier MARCH 16 page 10" href="http://viewer.zmags.com/publication/8c02acae?page=10"> POST-COAL POST-STEEL POST-HASTE The demise of the</a>
<a title="Corporate Financier MARCH 16 page 11" href="http://viewer.zmags.com/publication/8c02acae?page=11"> ROADSHOW: WALES Ty Hywel, the offices </a>
<a title="Corporate Financier MARCH 16 page 12" href="http://viewer.zmags.com/publication/8c02acae?page=12"> CASE STUDY JELLYFISH... Jellagen was founded in</a>
<a title="Corporate Financier MARCH 16 page 13" href="http://viewer.zmags.com/publication/8c02acae?page=13"> Creative industries – routes to finance A guide t</a>
<a title="Corporate Financier MARCH 16 page 14" href="http://viewer.zmags.com/publication/8c02acae?page=14"> SOLE 1917 The Alliance Trading Company opens in </a>
<a title="Corporate Financier MARCH 16 page 15" href="http://viewer.zmags.com/publication/8c02acae?page=15"> COMPANY PROFILE Office rose from its market</a>
<a title="Corporate Financier MARCH 16 page 16" href="http://viewer.zmags.com/publication/8c02acae?page=16"> “We caught the wave of a South African invasion. </a>
<a title="Corporate Financier MARCH 16 page 17" href="http://viewer.zmags.com/publication/8c02acae?page=17"> Route to growth The Corporate Finance Faculty w</a>
<a title="Corporate Financier MARCH 16 page 18" href="http://viewer.zmags.com/publication/8c02acae?page=18"> BY GRANT MURGATROYD 18 </a>
<a title="Corporate Financier MARCH 16 page 19" href="http://viewer.zmags.com/publication/8c02acae?page=19"> COVER STORY Debt markets have been diversifi</a>
<a title="Corporate Financier MARCH 16 page 20" href="http://viewer.zmags.com/publication/8c02acae?page=20"> New players are entering the debt market, while o</a>
<a title="Corporate Financier MARCH 16 page 21" href="http://viewer.zmags.com/publication/8c02acae?page=21"> COVER STORY d b a s s c b c d</a>
<a title="Corporate Financier MARCH 16 page 22" href="http://viewer.zmags.com/publication/8c02acae?page=22"> “There is a large number of direct lenders in the</a>
<a title="Corporate Financier MARCH 16 page 23" href="http://viewer.zmags.com/publication/8c02acae?page=23"> COVER STORY $105 $30 A BARREL FOR BRENT</a>
<a title="Corporate Financier MARCH 16 page 24" href="http://viewer.zmags.com/publication/8c02acae?page=24"> Know-how. Now. Your magazine Your app </a>
<a title="Corporate Financier MARCH 16 page 25" href="http://viewer.zmags.com/publication/8c02acae?page=25"> PROFILE WISDOM MULTIPLIED Last year two mor</a>
<a title="Corporate Financier MARCH 16 page 26" href="http://viewer.zmags.com/publication/8c02acae?page=26"> “There are clearly still issues with the world ec</a>
<a title="Corporate Financier MARCH 16 page 27" href="http://viewer.zmags.com/publication/8c02acae?page=27"> PROFILE HOW IMPORT</a>
<a title="Corporate Financier MARCH 16 page 28" href="http://viewer.zmags.com/publication/8c02acae?page=28"> </a>
<a title="Corporate Financier MARCH 16 page 29" href="http://viewer.zmags.com/publication/8c02acae?page=29"> INSIGHT MAKING AN EXIT Despite increasing uncer</a>
<a title="Corporate Financier MARCH 16 page 30" href="http://viewer.zmags.com/publication/8c02acae?page=30"> “I think many of the advisory firms are trying to</a>
<a title="Corporate Financier MARCH 16 page 31" href="http://viewer.zmags.com/publication/8c02acae?page=31"> INSIGHT EXIT VALUE IN EUROPE IN </a>
<a title="Corporate Financier MARCH 16 page 32" href="http://viewer.zmags.com/publication/8c02acae?page=32"> Appointments EY GROWS MIDLANDS CORPORATE FINA</a>
<a title="Corporate Financier MARCH 16 page 33" href="http://viewer.zmags.com/publication/8c02acae?page=33"> COMPANY NEWS COKER TO CO-HEAD MMC VEN</a>
<a title="Corporate Financier MARCH 16 page 34" href="http://viewer.zmags.com/publication/8c02acae?page=34"> ON MY CV Balancing act </a>
<a title="Corporate Financier MARCH 16 page 35" href="http://viewer.zmags.com/publication/8c02acae?page=35"> news and views. economia online has all the news </a>
<a title="Corporate Financier MARCH 16 page 36" href="http://viewer.zmags.com/publication/8c02acae?page=36"> QUANTUM. SPEED. CERTAINTY. EN</a>