Corporate finance team tops £1bn worth of deals
PwC Midlands’ corporate finance (CF) team saw what it is calling a “strong” performance in 2019 with 14 deal completions, nine new hires and three promotions.
The PwC Midlands CF team advised on transactions totalling over £1bn last year.
PwC’s busy summer period included the success of delivering seven deals in seven weeks, including the Primary Capital backed MBO of Foster + Freeman, Barratt Developments PLC’s acquisition of Oregon Timber Frame, and the sale of the ALE Group to Dutch counterpart Mammoet.
Further highlights in the year included the sale of the TCL Group and divestment by BGF to idverde, advising the shareholders of the Direct Healthcare Group on its sale to ArchiMed, Halfords plc’s acquisition of McConechy’s Tyre Service, and advising The Midcounties Co-operative on the sale of assets to Octopus Energy.
The PwC Midlands’ CF team has expanded with nine new hires and 3 promotions in 2019. This growth is mirrored by continued investment in the region by PwC, following its recent move to One Chamberlain Square in Birmingham. The flagship building of the Paradise development is due to be home to over 2,300 partners and staff by the end of 2020.
Sarah Taylor, corporate finance partner for PwC in the Midlands said: “We are delighted to have supported a number of fantastic clients across a broad range of transactions over the last 12 months. This level of activity and quality of transactions is testament both to the strength of local businesses, and the increasingly global interest in the region.
“We are incredibly proud of our team of specialists across the Midlands PwC deals network who work alongside businesses of all sizes and a variety of industries to realise their growth aspirations. The continued investment in our Midlands presence with our new home at One Chamberlain Square, demonstrates our continued commitment to the region’s businesses and people, and means we are well-placed to deliver further success stories over 2020 and the coming years.”
