It is with pleasure that we announce the formation of a new Corporate Finance business, Apex Corporate Finance.

Our team has a proven track record in initiating and executing creative deals in the Healthcare Services, Support Services, Outsourcing, Consultancy, Recruitment & HR and Public Sector markets. It is envisaged that Apex will increasingly leverage these core skills and the wider experience of its team in Deal Initiation and complementary Advisory Services into other sectors.

For details of transactions recently completed by the Apex team please see the table below.

We look forward to working with you in the near future. Should you require further information about Apex, please contact Paul Warren on 020 7016 2147 or by e-mail at paul.warren@apexcorporatefinance.co.uk

ACQUIRER	TARGET	TRANSACTION TYPE	DEAL VALUE *	TARGET'S ACTIVITY
Parys Snowdon Payroll Services Limited	Staffing Ventures plc	Reverse take-over of AIM listed business	£9.1 million	Payroll services to NHS
Tribal Group plc	MPC	Acquisition	£3 million	Public Sector PR
Tribal Group plc	Foundation Software Solutions	Acquisition	£4.85 million	Leading provider of management software for Local Education Authorities
PPS plc	ACIT Services Limited	Acquisition	Not disclosed	Public Sector Consultancy
Mouchel plc	LDA Plc	Acquisition	£1.7 million	Public Sector IT
Tribal Group plc	Action Medical Limited	Acquisition	£9.1 million	Public Sector recruitment
Granville Baird / MBI Team	Supply Desk Limited	BIMBO	£5.5 million	Public Sector Recruitment
Tribal Group plc	Atlas Media Group Ltd	Acquisition	£5.8 million	Public Relations, Communications and Design Services
Tribal Group plc	Yale Data Management Consultants Ltd	Acquisition	£9.6 million	Public Sector Management Consultancy
Tribal Group plc	Nightingale Associates	Acquisition	£15.5 million	Healthcare Architects
Tribal Group plc	Secta Group Limited	Acquisition	£16.25 million	Healthcare Consultancy
The Capita Group plc	Resource Management Limited	Acquisition	£7.1million	Social Work Recruitment Agency
The Capita Group plc	City Financial Group Limited	Acquisition	£4.6 million	Fund Administration (Outsourcing)
MBO Team (Barclays Private Equity)	Recruitment Solutions Group Limited	Trade Sale	£18 million	Specialist Public Sector Recruitment
Vosper Thornycroft plc	Westminster Education Consultants Limited	Acquisition	£5 million	Education Consultancy
The Capita Group plc	Recall Recruitment plc	Acquisition	£15 million	Volume / Call Centre Recruitment
The Capita Group plc	Myshares Limited	Minority Investment	£4 million	Share Plan Administration
The Capita Group plc	IRG plc	Acquisition	£100 million	Company Registrars
The Capita Group plc	Education Support Services Limited	Acquisition	£12 million	Supply Teacher Agency
The Capita Group plc	Capstan Teachers Limited	Acquisition	£13.5 million	Supply Teacher Agency
The Capita Group plc	LHR Education Limited	Acquisition	£12 million	Supply Teacher Agency