Deloitte Midlands enjoys surge in deal activity
Advisory team seals five deals in two months
The five transactions, for both corporate and private equity clients, covered a range of sectors and demonstrate the teams’ experience across different deal types including acquisitions, disposals and joint ventures.
The transactions include high profile and well-known local businesses such as the NEC Group and Angel Springs. In assisting LDC with its planned acquisition of the NEC Group, Deloitte provided a multi-disciplinary team covering corporate finance advisory, due diligence, modelling, specialist real estate and tax. In advising the shareholders of Angel Springs on the sale of the business to Castik Capital, Deloitte delivered an exceptional result selling to an overseas strategic buyer.
Commenting on the deals, Darren Boocock, Partner said “In recent months we have completed a number of high profile transactions across a range of different deal types and sectors. These transactions demonstrate the strength of our local team both in terms of specialist sector expertise and also breadth of situational knowledge and experience. We are seeing clear signs that the Midlands M&A market is gathering pace; as one of the largest Advisory transaction teams in the region and with the strength of our current pipeline, I am confident that we are very well placed to achieve continued success in the year ahead”.
The successful transactions delivered by the Midlands team are:
'The Deloitte Corporate Finance Advisory team in the Midlands has advised on five local deals in the last two months.'
Financial adviser to LDC on its binding agreement to acquire the NEC group. Also provided due diligence, modelling and real estate expertise from the Midlands offices.
Lead advisor to the shareholders on the sale of Feathers Hotels.
Lead advisor to LDC and the key management shareholders on the sale of Angel Springs Holdings Limited to Castik Capital.
Financial advisor to Unipart Rail Limited on its joint venture with Lucchini RS Group
Wesleyan Assurance Society
Financial adviser to Wesleyan on the acquisition of Syscap Holdings Limited. Also provided due diligence and tax services.