Global M&A specialist opens Manchester office
A London-based business focused on the global mergers and acquisitions sector has opened an office on Manchester’s Deansgate.
Datasite is an SaaS-based technology provider for global M&A professionals.
It said the new office will meet the UK’s growing demand for innovative M&A technology and services.
The new office is Datasite’s second in the UK after London.
Merlin Piscitelli, Datasite chief revenue officer for EMEA (Europe, Middle East, Africa) , said: “We continue to invest in innovation and global expansion, and we are delighted to open a new office in one of Europe’s fastest growing digital and tech hubs.
“Manchester and its surrounding region are a great fit for Datasite, and our new office ensures our international expertise and leading technology are on the doorsteps of M&A professionals in the North with on-the-ground resources to make the management of their deals even more effective and efficient.”
Datasite’s office opening comes at a time of year when dealmaking is typically busiest and amid optimism from UK M&A professionals about deal activity, despite challenging market conditions.
Jon Hughes, vice president of sales for UK and Ireland at Datasite, said: “Some of the world’s biggest companies run important operations out of Manchester.
“We wanted to invest in the growing local economy and have a dedicated team based in the city to cater to the specific and uniquely local needs of the businesses here.”
The Manchester office follows 10 new offices opened globally in the past two years and reflects the company’s growth, which has been powered by the introduction of new products to address management pain points across the entire deal lifecycle, from deal sourcing and preparation to post-merger integration.
Dealmakers in more than 170 countries make their deals in Datasite, including 74 of the top 100 legal firms and all the top 20 global financial advisory firms. In 2021, Datasite facilitated more than a third of the top 100 global deals, including a third of the top 61 US deals, and close to half of the top 25 EMEA deals.
The new office will initially create four jobs, but it will expand its headcount in the future.