Birmingham-headquartered Springboard Corporate Finance has been acquired by Begbies Traynor.

A team of corporate lawyers at national law firm Weightmans has advised Midlands advisory practice Springboard Corporate Finance on joining Begbies Traynor in a deal worth up to £4.5 million.

The firm, which has offices in Birmingham, Nottingham and London, specialises in mid-market corporate finance, acting across a broad range of buy and sell side private company transactions.

Existing staff will join listed Begbies Traynor on acquisition and the management team has committed to remain with the business.

Mat Harvey, Mike McMahon and Gurdeep Boparai at Weightmans in Birmingham acted on behalf of Springboard Corporate Finance.
 
Mat Harvey, head of the owner managed business segment at Weightmans in Birmingham, said: "Springboard has become one of the Midlands’ biggest corporate finance success stories since it was founded in 2005, and we’ve worked with them at every stage of their growth journey.
 
"Our team provided a broad range of legal advice to support their acquisition, which is an excellent strategic fit for both parties and will enable Springboard to further flourish as part of a national professional services firm."