BPIF's Printing Industry Consolidation Service

The British Printing Industries Federation (BPIF) has signed an agreement with McInnes Corporate Finance to improve and accelerate consolidation within the UK printing industry.

The British Printing Industries Federation (BPIF) has signed an agreement with McInnes Corporate Finance to improve and accelerate consolidation within the UK printing industry.

The agreement establishes a joint venture, BPIF McInnes Corporate, between the BPIF and McInnes Corporate Finance headed by the BPIF's Marcus Clifford and Steve Roberts of McInnes.

In addition to its deals both within and outside the UK printing industry, McInnes will be supervising BPIF McInnes Corporate's activities in recommending, advising or arranging deals in investments under the requirements of the Institute of Chartered Accountants of England and Wales (ICAEW).

The initiative is the idea of BPIF chief executive Michael Johnson who said that he recognised that the industry is in need of profitable consolidation.

He commented: "All too often companies merge, or acquire for the wrong reason and with limited advice, which may result in them making the wrong choices.

Consolidation should strengthen an industry however, that is not always the case in print.

My aim is to create an organisation that can help companies make the right strategic choices for their future and groom them for that process and subsequently provide a full range of financing options that allows the new business to flourish." He added: "We believe that the partnership between McInnes and the BPIF will enable us to achieve that objective." Steve Roberts commented: "We have concluded several deals in the print and media sector over recent years and we are flattered that this experience has been recognised by the BPIF in choosing us as its partner in offering corporate finance advisory services to its membership base and the overall sector.

We have a strong, experienced team of professionals with a proven track record in delivering value to clients through our activities in acquisitions, disposals, fundraising." He explained: "We are confident that our relationship with the BPIF will flourish and offer a unique service to clients in the sector." Marcus Clifford has been working on the initiative for some months and has already received considerable interest in the service.

He said: "The offer of industry experience and network, a wide range of corporate finance expertise and the additional advisory services of the BPIF is a combination not currently available.

Together, this should enable us to deliver a higher success rate for mergers, acquisitions, disposals or management buy-outs." The service will be on offer through the UK.

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