Corporate finance team racks up £650m worth of deals

PwC’s Corporate Finance (CF) team in the Midlands has completed seven deals in seven weeks over the summer period.

Despite the economic uncertainty and Brexit backdrop, the PwC CF team says it has had a strong start to the financial year, advising on transactions that have totalled over £650m.

The team has advised on a variety of deals across industries and markets, working alongside a combination of global private businesses based in the Midlands and UK listed PLC’s and large, international corporate clients.

Transacting with both private equity and corporate buyers which have covered sectors ranging from European automotive, global specialist engineering and UK infrastructure, to forensic sciences and UK house builders.

Deals have included Barratt Developments’ acquisition of Oregon Timber Frame, Malaysian based PETRONAS’ disposal of Dragon LNG to Ancala Partners, sale of ALE Group to Dutch counterpart Mammoet, the Primary Capital backed MBO of Foster + Freeman, Ricor Global Limited’s acquisition of Walsall Pressings and D.R.B. Engineering, refinancing of Sertec and Rutland Partners acquisition of Hereford Contract Canning.

Sarah Taylor, corporate finance partner for PwC in the Midlands, said: “We have seen a busy and exciting period for our Midlands team over the summer despite the backdrop of economic and political uncertainty. Domestic and international organisations continue to recognise the Midlands as a great place to do business and the work being done by the Midlands business community in continuing to innovate and drive growth. These results are testament to the strength of businesses and exceptional talent in the region combined with the high quality of support and expertise offered by our PwC teams.

“We are proud of our team of specialists across the Midlands PwC Deals network who work alongside businesses of all sizes, across a variety of industries and markets to realise their growth aspirations. We continue to make a significant investment in our Midlands Corporate Finance team to meet the demand and high expectations of our clients, demonstrated by our seven new hires this autumn and three summer promotions, and we are looking forward to further success stories over the next 12 months.”