Corporate finance firm Centrus snaps up Virgin Atlantic adviser MDT Group

Lucy White
A Virgin Atlantic passenger jet flies ov
Corporate advisory boutique MDT group advised Virgin on the finance or operating lease of 17 aircraft (Source: Getty)

Centrus Advisors, a London-based corporate finance firm, has begun motoring along the acquisition trail as it today acquired transport specialist MDT Group, an adviser to Virgin Atlantic and Arriva.

MDT gives asset finance advice to clients in the shipping, aviation and rail sectors, and is also a transport asset manager with 10 aircraft under management.

After merging with five-year-old Centrus, the combined group will include more than 40 people based in London and Dublin with expertise across a range of debt, derivatives and asset and corporate financing issues.

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“We have admired the MDT business and team for some time, and the combination of the businesses provides our respective clients with an expanded service offering,” said Centrus founder and managing director Phil Jenkins.

As well as covering capital raisings, financial strategy, mergers and acquisitions (M&A) and bid financing, Centrus also offers treasury reporting and technology services to companies across Europe.

It advised on the largest M&A transaction in the UK social housing sector, when Circle Housing and Affinity Sutton merged last year to become Clarion Group.

Centrus also worked for the National Grid on the £3bn largest ever sterling bond transaction and associated buyback programme.

Meanwhile MDT Group, whose client base includes operators, financiers, equipment manufacturers and public authorities, acted as the financial adviser for Virgin Atlantic on the finance or operating lease of 17 Boeing 787 aircraft.

Arriva Trains Northern also took on MDT when it procured two fleets for its Northern franchise.

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