Corporate finance team enjoys £200m-plus Q1
BDO’s East Midlands Corporate Finance team has advised on six deals with a transactional value in excess of £200m in Q1, illustrating what it says is “the appetite for growth in the region, despite the uncertainty created by Brexit”.
Q1 transactions included Core Management Logistics’ disposal to Rhenus Logistics, Delamin Nitrides Salts’ disposal to Parker TruTec, Tri Span’s acquisition of SK:N, private equity house LDC’s investment in Evolution Funding, TPA Capital’s acquisition of Pallet Track, and the acquisition of Midland Steel Traders for the USCO Group, which is headquartered in Modena, Italy.
Vinny Patel, head of transaction services at BDO in the East Midlands, said: “It’s great to start the year with such a positive result in terms of completed transactions, particularly against an uncertain backdrop. Businesses across the Midlands continue to target growth, resolute in their determination to push ahead with their plans, whether that be expansion into new markets, new product lines or new services.
“With activity remaining buoyant, we will also be expanding our own team further, allowing us to continue providing our clients with the very best advice and support.”
Rory Dennis, assistant director in the East Midlands M&A team at BDO, added: “The East Midlands is a great place to do business, home to a wealth of fantastic companies pursuing ambitious growth plans.”
He continued: “The reputation of the team here at BDO has continued to grow, underpinned by the talent and experience we are able to offer – the number of deals completed in Q1 is testament to this.”
This news follows the announcement that BDO topped Experian Market IQ’s regional table as the most active financial adviser in the Midlands and the UK.
