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<br /> CORPORATE<br /> FINANCE<br /> FACULTY<br /> ICAEW.COM/CFFISSUE 209<br /> FEBRUARY 2019<br /> GROWTH<br /> OPPORTUNITIES<br /> EXPERTISE<br /> Corporate<br /> Financier<br /> Working in partnership with<br /> professional intermediaries<br /> Tailored expertise for you and your client<br /> — Wealth management<br /> — Ethical investing<br /> — Tax efficient investing<br /> — Financial planning<br /> — Managing charity assets<br /> — Trust and tax<br /> — Advising divorcees<br /> — Portfolio lending<br /> Talk to us today about rathbones.com<br /> how we can help on 020 7399 0440 @Rathbones1742<br /> or email melanie.wotherspoon@rathbones.com<br /> Rathbone Brothers Plc<br /> Rathbone Brothers Plc<br /> The value of investments and income arising from them may fall as<a title="Corporate Financier February 2019 page 1" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=1"> CORPORATE FINANCE FACULTY ICAEW.COM/CFFISSUE 209</a> <a title="Corporate Financier February 2019 page 2" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=2"> Working in partnership with professional intermed</a> <a title="Corporate Financier February 2019 page 3" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=3"> February 2019 Issue 209 GROWTH OPPORTUNITIES EX</a> <a title="Corporate Financier February 2019 page 4" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=4"> WELCOME Seal the deal My New Year's resolu</a> <a title="Corporate Financier February 2019 page 5" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=5"> Y F OUR ACULTY DAVID PETRIE, ICAEW'S H</a> <a title="Corporate Financier February 2019 page 6" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=6"> Connections made more rewarding </a> <a title="Corporate Financier February 2019 page 7" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=7"> BRIEFING IN NUMBERS An increase in global M&A</a> <a title="Corporate Financier February 2019 page 8" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=8"> THE ECONOMIST There is l</a> <a title="Corporate Financier February 2019 page 9" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=9"> Three Neat Ways to Think About Money, One Smart A</a> <a title="Corporate Financier February 2019 page 10" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=10"> LET THERE BE Panoramic Growth saw Photonic Soluti</a> <a title="Corporate Financier February 2019 page 11" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=11"> “An employee buy-out was a compelling route to en</a> <a title="Corporate Financier February 2019 page 12" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=12"> INSIDER: PHOTONIC SOLUTIONS The deal was str</a> <a title="Corporate Financier February 2019 page 13" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=13"> </a> <a title="Corporate Financier February 2019 page 14" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=14"> DURING 2018 MANY UK COMPANIES MADE SIGNIFICANT AC</a> <a title="Corporate Financier February 2019 page 15" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=15"> COVER STORY STEELY SUPERHERO In July 201</a> <a title="Corporate Financier February 2019 page 16" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=16"> DEAL DOWN UNDER The striking thing about mobil</a> <a title="Corporate Financier February 2019 page 17" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=17"> COVER STORY </a> <a title="Corporate Financier February 2019 page 18" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=18"> OTHER UK ACQUIRERS Many British companies last y</a> <a title="Corporate Financier February 2019 page 19" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=19"> COVER STORY Number Company </a> <a title="Corporate Financier February 2019 page 20" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=20"> NEW THREADS Coats Group is the latest recipient </a> <a title="Corporate Financier February 2019 page 21" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=21"> COMPANY PROFILE ILLUSTRATION CREDIT/HERE COATS D</a> <a title="Corporate Financier February 2019 page 22" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=22"> COMPANY PROFILE f B o t </a> <a title="Corporate Financier February 2019 page 23" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=23"> ICAEW CORPORATE FINANCE FACULTY Way ahead </a> <a title="Corporate Financier February 2019 page 24" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=24"> by DEAL Connection Capital has grown its investme</a> <a title="Corporate Financier February 2019 page 25" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=25"> MORE THAN PE Connection Capital s investment opp</a> <a title="Corporate Financier February 2019 page 26" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=26"> PROFILE making was largely devolved. She spe</a> <a title="Corporate Financier February 2019 page 27" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=27"> TRENDWATCH: SECONDARY BUY-OUTS ANOTHER PLUNGE? </a> <a title="Corporate Financier February 2019 page 28" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=28"> ON YOUR MARKS, GET SET... Deloitte has analysed </a> <a title="Corporate Financier February 2019 page 29" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=29"> $3trn Leveraged buying power at the disposal of P</a> <a title="Corporate Financier February 2019 page 30" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=30"> PEOPLE POWER D oing deals is all about people. </a> <a title="Corporate Financier February 2019 page 31" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=31"> £9M INVESTED IN THE FIRST DEAL DANIELLE GARLAND O</a> <a title="Corporate Financier February 2019 page 32" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=32"> CONNECTIONS Richard Houst</a> <a title="Corporate Financier February 2019 page 33" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=33"> HEMAVLI BALI HAS JOINED CLEARWATER INTERNATIONAL'</a> <a title="Corporate Financier February 2019 page 34" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=34"> TOTAL RAIL SOLUTIONS' PEOPLE TURNOVER IN 2018 POW</a> <a title="Corporate Financier February 2019 page 35" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=35"> ICAEW DIPLOMA IN CORPORATE FINANCE </a> <a title="Corporate Financier February 2019 page 36" href="https://secure.viewer.zmags.com/publication/72a6d96c?page=36"> Want to work with the UK's fastest-growing busine</a>