Firm has advised more than £900m worth of deals this year
RSM UK, says it has advised on more than 30 deals this year, with a combined value of over £900m in its central region of Birmingham, Nottingham and Milton Keynes.
The audit, tax and consulting firm says its team advised on a range of high-profile deals including advice to the shareholders of The Roald Dahl Story Company on the sale of the business to Netflix, multiple transactions for Busy Bees in support of their UK and Global expansion strategy and due diligence on the acquisition of Irvine Electronics Inc by Volex PLC.
RSM also has made several appointments, such as Helen Brocklebank as M&A Partner in the central region, Phil Parkes as a partner in the due diligence and eight further recruits spanning graduates to experienced hires.
James Carnegie, the corporate finance regional managing partner at RSM UK, said: “After a bumper Q1, when the threat of capital gains tax increases accelerated deals activity, deal volumes and values have remained at unprecedented levels throughout 2021 due to the continued ambition of private equity investors, low cost of capital for corporates and rising appetite by owners to consider their exit options, especially in the light of coronavirus.
“The central region has benefited from newer private equity players in the market growing their presence, attracted by the technology and manufacturing credentials for which the region is renowned.
“Pent-up deal demand, coupled with high levels of liquidity in the market and continued low-interest rates, will continue to drive strong levels of M&A activity into the New Year. However, resource constraints across the advisory sector are holding back the industry. Expert services such as data analytics, financial modelling and due diligence remain in high demand, and buyers will need to factor capacity issues into deal planning throughout 2022.”
Nationally the RSM UK corporate finance practice has acted on over 240 deals this year, with a combined value of £4.1bn across the UK – showcasing a record year for the corporate finance practice.
