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<br /> GROWTH | OPPORTUNITIES | EXPERTISE<br /> REIGNITING<br /> M&A IN THE<br /> MID-MARKET<br /> ISSUE 169<br /> FEBRUARY 2015<br /> ICAEW.COM/CFF<br /> THE GROWTH<br /> OF CITYSPRINT<br /> MOBEUS: SEVEN<br /> SIGNIFICANT EXITS<br /> TAPPING INTO<br /> AFRICA'S $150BN<br /> INVESTMENT MARKET<br /> ASTORG'S KEY<br /> TO PLAYING THE<br /> LONG GAME<br /> ADVANCE YOUR CAREER<br /> WITH THE DIPLOMA IN<br /> CORPORATE FINANCE<br /> The ICAEW/CISI Diploma in Corporate Finance will significantly enhance your technical skills<br /> and the value you bring to your organisation. It has been developed by highly experienced<br /> corporate financiers and offers a practically grounded, transaction-oriented programme.<br /> The ICAEW/CISI Diploma in Corporate Finance is officially recognised by the UK's Financial<br /> Conduct Authority (FCA) as meeting the full qualification requirement for advising on<br /> investments<a title="Corporate Financier FEBRUARY 15 page 1" href="http://viewer.zmags.com/publication/acffbf2b?page=1"> GROWTH | OPPORTUNITIES | EXPERTISE </a> <a title="Corporate Financier FEBRUARY 15 page 2" href="http://viewer.zmags.com/publication/acffbf2b?page=2"> ADVANCE YOUR CAREER WITH THE DIPLOMA IN CORPORATE</a> <a title="Corporate Financier FEBRUARY 15 page 3" href="http://viewer.zmags.com/publication/acffbf2b?page=3"> @ICAEW_CORP_FIN Contents February 2015 Issue 16</a> <a title="Corporate Financier FEBRUARY 15 page 4" href="http://viewer.zmags.com/publication/acffbf2b?page=4"> WELCOME Ode to the oil industry It certai</a> <a title="Corporate Financier FEBRUARY 15 page 5" href="http://viewer.zmags.com/publication/acffbf2b?page=5"> NEWS & EVENTS Faculty news Francis Maude at </a> <a title="Corporate Financier FEBRUARY 15 page 6" href="http://viewer.zmags.com/publication/acffbf2b?page=6"> NEWS & EVENTS “Joining the fac</a> <a title="Corporate Financier FEBRUARY 15 page 7" href="http://viewer.zmags.com/publication/acffbf2b?page=7"> </a> <a title="Corporate Financier FEBRUARY 15 page 8" href="http://viewer.zmags.com/publication/acffbf2b?page=8"> “I didn't realise Baird has raised and managed </a> <a title="Corporate Financier FEBRUARY 15 page 9" href="http://viewer.zmags.com/publication/acffbf2b?page=9"> BRIEFING 2014 in numbers A round-up of last </a> <a title="Corporate Financier FEBRUARY 15 page 10" href="http://viewer.zmags.com/publication/acffbf2b?page=10"> Route to growth The Corporate Finance Faculty w</a> <a title="Corporate Financier FEBRUARY 15 page 11" href="http://viewer.zmags.com/publication/acffbf2b?page=11"> THE ECONOMIST What risk? There are some warn</a> <a title="Corporate Financier FEBRUARY 15 page 12" href="http://viewer.zmags.com/publication/acffbf2b?page=12"> WISDOM RECEIVED Baroness Hogg addresses t</a> <a title="Corporate Financier FEBRUARY 15 page 13" href="http://viewer.zmags.com/publication/acffbf2b?page=13"> ANNUAL RECEPTION Many members of the</a> <a title="Corporate Financier FEBRUARY 15 page 14" href="http://viewer.zmags.com/publication/acffbf2b?page=14"> CORPORATE FINANCE DIPLOMA PRIZE WINNER: KATY LAMB</a> <a title="Corporate Financier FEBRUARY 15 page 15" href="http://viewer.zmags.com/publication/acffbf2b?page=15"> SAME TEAM. SAME CERTAINTY. LARGER DEAL SIZE. </a> <a title="Corporate Financier FEBRUARY 15 page 16" href="http://viewer.zmags.com/publication/acffbf2b?page=16"> OUT Mobeus Equity Partners last year raise</a> <a title="Corporate Financier FEBRUARY 15 page 17" href="http://viewer.zmags.com/publication/acffbf2b?page=17"> YOUNGMAN </a> <a title="Corporate Financier FEBRUARY 15 page 18" href="http://viewer.zmags.com/publication/acffbf2b?page=18"> Long haul Astorg Partners is one of </a> <a title="Corporate Financier FEBRUARY 15 page 19" href="http://viewer.zmags.com/publication/acffbf2b?page=19"> INTERNATIONAL </a> <a title="Corporate Financier FEBRUARY 15 page 20" href="http://viewer.zmags.com/publication/acffbf2b?page=20"> Headline M&A values signalled a return to health </a> <a title="Corporate Financier FEBRUARY 15 page 21" href="http://viewer.zmags.com/publication/acffbf2b?page=21"> COVER STORY DALE EDWIN MURRAY CORPORATE FINANCI</a> <a title="Corporate Financier FEBRUARY 15 page 22" href="http://viewer.zmags.com/publication/acffbf2b?page=22"> acquisition in the past 15 years. Last year, </a> <a title="Corporate Financier FEBRUARY 15 page 23" href="http://viewer.zmags.com/publication/acffbf2b?page=23"> $ 1 0 value of 26 b </a> <a title="Corporate Financier FEBRUARY 15 page 24" href="http://viewer.zmags.com/publication/acffbf2b?page=24"> gearing. “Coming out of the downturn, a lot of co</a> <a title="Corporate Financier FEBRUARY 15 page 25" href="http://viewer.zmags.com/publication/acffbf2b?page=25"> CONFIDENT CORPORATES Companies' appetite for M&A </a> <a title="Corporate Financier FEBRUARY 15 page 26" href="http://viewer.zmags.com/publication/acffbf2b?page=26"> DELIVERING GROWTH Strategic M&A is at the heart o</a> <a title="Corporate Financier FEBRUARY 15 page 27" href="http://viewer.zmags.com/publication/acffbf2b?page=27"> CORPORATE “We engage our management team, w</a> <a title="Corporate Financier FEBRUARY 15 page 28" href="http://viewer.zmags.com/publication/acffbf2b?page=28"> Africa's turn to shine After years of focus on th</a> <a title="Corporate Financier FEBRUARY 15 page 29" href="http://viewer.zmags.com/publication/acffbf2b?page=29"> INSIGHT i : $150bn Expected </a> <a title="Corporate Financier FEBRUARY 15 page 30" href="http://viewer.zmags.com/publication/acffbf2b?page=30"> ADD + IT + UP W hat impact does M&A have on s</a> <a title="Corporate Financier FEBRUARY 15 page 31" href="http://viewer.zmags.com/publication/acffbf2b?page=31"> SOME DIVESTMENTS GOOD, TOO MANY BAD With divestm</a> <a title="Corporate Financier FEBRUARY 15 page 32" href="http://viewer.zmags.com/publication/acffbf2b?page=32"> Appointments DELOITTE HIRING </a> <a title="Corporate Financier FEBRUARY 15 page 33" href="http://viewer.zmags.com/publication/acffbf2b?page=33"> COMPANY NEWS SYKES JOINS BAKER TILLY </a> <a title="Corporate Financier FEBRUARY 15 page 34" href="http://viewer.zmags.com/publication/acffbf2b?page=34"> ON MY CV More than a franchise </a> <a title="Corporate Financier FEBRUARY 15 page 35" href="http://viewer.zmags.com/publication/acffbf2b?page=35"> The business finance guide A JOURNEY FROM START-</a> <a title="Corporate Financier FEBRUARY 15 page 36" href="http://viewer.zmags.com/publication/acffbf2b?page=36"> SCALABLE Unlike other forms of finance, Asset Bas</a>