FRP expands valuations specialism with Globalview acquisition

We’re pleased to have doubled the size of our valuations team with the acquisition of Globalview Advisors.

Based in London, Globalview provides valuations services to clients nationwide. Globalview Managing Director Sarpel Ustunel will join our City office as a Partner within our Financial Advisory practice, along with the Globalview team, which includes eight valuation professionals.

Purchasing the £2.7million turnover business marks our 12^th acquisition since publicly listing in 2020 and our fifth this year. We have also acquired corporate and commercial finance specialists Hilton-Baird, Lexington Corporate Finance and WilliamsAli, as well as restructuring firm GWC on the Isle of Man, in 2024.

The acquisition doubles the size of our valuations team to 16 people, having also recently appointed London-based Director Tom Rees. The team was formed under Partner Jim Davies, who joined the firm in 2021.

Our Financial Advisory pillar formally launched in early 2023 and brings together more than 35 experienced advisers to support boards, lenders and investors on mid-market transactions and advisory assignments. Its transaction-related support includes financial due diligence, independent business reviews, financial modelling and valuation services, alongside pensions and company-side advisory services.

Geoff Rowley, CEO of FRP Advisory, said: “Sarpel and the team have a great reputation in the valuation services market. They share our values and approach and will be a strong addition to our existing valuation services offering.

“In just a few short years, we have built a valuations team able to offer a full range of services, including transaction valuations, restructuring valuations, contentious valuations and financial reporting and tax valuations. With the support of Sarpel and the team, we look forward to its continued growth.”

Sarpel Ustunel, Managing Director of Globalview, said: “Combining forces with FRP’s experienced team is an exciting next step for Globalview. We consider our services to be highly complementary and working from a larger, established platform will enhance our ability to serve our clients more effectively.

“In addition to independent valuations for financial reporting compliance, our clients will benefit from a range of professional services offered by FRP’s larger talent pool throughout a national network. We look forward to working with our colleagues at FRP who have been very supportive so far.”

Jim Davies, Valuations Partner at FRP Advisory, added: “This marks a significant milestone in the growth of our valuations team. By doubling in size and bringing on board Sarpel and his highly skilled team, we’re enhancing our capacity to deliver comprehensive valuation services across a wider range of sectors and situations. This strategic acquisition is part of our commitment to providing high-quality, in-demand financial advisory services and strengthens our position in the market.”