Deloitte celebrates £500m worth of deals

The Deloitte team, l-r Ed Gibson, Olly Tebbutt and Tim Grogan

The North West corporate finance team at Deloitte has enjoyed a strong 12 months, advising on eight transactions involving investment of more than £500m.

Key deals during the period include Equistone’s investment in Apogee which valued the managed print and document service at £185m, Livingbridge’s investment in Stowe Family Law, the largest firm of its kind in the UK and the disposal of Equator Design to Matthews International.

Most recently, Deloitte advised Palatine Private Equity and the shareholders of Chase Templeton on its sale to Nevada Investments, which formally completed last month for an undisclosed sum.

The figures come as Olly Tebbutt, a senior member of the firm’s corporate finance advisory team, was announced as a new partner in the firm’s annual promotions.

Tebutt joined Deloitte more than 15 years ago, and has worked extensively with entrepreneurial businesses and private equity. He has been central to the firm’s deals in the past 12 months, advising on six of the eight transactions completed during the period.

He said: “During 2016 and into this year the North West has demonstrated its resilience to external events, and the deals market has remained buoyant in the past 12 months, despite the ongoing economic uncertainty following election and referendum results both at home and abroad.

Broader market uncertainty can mean change for some businesses as they look to refocus, whilst others seek to invest and grow by exploiting market opportunity. Evolving corporate strategy combined with overseas strategic interest in UK businesses and a robust funding market in the UK, with private equity capable of accessing large sums following recent fundraises, means the outlook is certainly positive for M&A in the North West in the coming months.”

The North West corporate finance team at Deloitte has enjoyed a strong 12 months, advising on eight transactions involving investment of more than £500m.

Key deals during the period include Equistone’s investment in Apogee which valued the managed print and document service at £185m, Livingbridge’s investment in Stowe Family Law, the largest firm of its kind in the UK and the disposal of Equator Design to Matthews International.

Most recently, Deloitte advised Palatine Private Equity and the shareholders of Chase Templeton on its sale to Nevada Investments, which formally completed last month for an undisclosed sum.

The figures come as Olly Tebbutt, a senior member of the firm’s corporate finance advisory team, was announced as a new partner in the firm’s annual promotions.

Tebutt joined Deloitte more than 15 years ago, and has worked extensively with entrepreneurial businesses and private equity. He has been central to the firm’s deals in the past 12 months, advising on six of the eight transactions completed during the period.

He said: “During 2016 and into this year the North West has demonstrated its resilience to external events, and the deals market has remained buoyant in the past 12 months, despite the ongoing economic uncertainty following election and referendum results both at home and abroad.

Broader market uncertainty can mean change for some businesses as they look to refocus, whilst others seek to invest and grow by exploiting market opportunity. Evolving corporate strategy combined with overseas strategic interest in UK businesses and a robust funding market in the UK, with private equity capable of accessing large sums following recent fundraises, means the outlook is certainly positive for M&A in the North West in the coming months.”

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