12 in 12 for Deloitte’s dealmakers has been saved
12 in 12 for Deloitte’s dealmakers
15 October 2018
Deloitte’s corporate finance lead advisory team in the Midlands has completed a record 12 deals in 12 months, totalling over £600m as it continues to drive deal-making activity across the region.
Instrumental in orchestrating deals such as the acquisition of Pallet Network Group Limited by Eddie Stobart Logistics Plc and Orbis Protect by NorthEdge Capital, the 15 strong team has built a reputation for providing critical, value-add advice both buy and sell-side.
Working with private and listed companies, private equity houses and private equity backed businesses, the team have advised clients across multiple sectors over the past 12 months including healthcare, industrials, TMT, hospitality and leisure, business and financial services; proving there is still an appetite for growth across most sectors despite some geo-political uncertainty.
“The past year has been a huge success for Deloitte’s Midlands’ corporate finance team. We advised on a range of complex deals, providing critical advice to our clients. The number and value of completions is a record for the Midlands team during this cycle,” says Darren Boocock, head of Deloitte corporate finance in the Midlands.
“The Midlands marketplace remains buoyant with competition for quality assets from both corporates and private equity houses.
“Many corporates with substantial cash reserves are deliberately spending in order to assertively offset potential economic and disruptive challenges such as uncertainty around future interest rate rises or new market entrants.
“Private Equity houses are particularly active, with seven of the deals we have worked on over the past year being private equity driven,” says Boocock.
Over the past 12 months, Deloitte Midlands’ lead advisory team have worked with Sygnature Discovery, Forest Holidays, LDC and NorthEdge. It has also been appointed to oversee the sale of Strutt and Parker (Farms) Ltd as it comes to the market for the first time in over 100 years.
However, it is not just the Lead Advisory team which has had phenomenal success as Boocock explains: “The Midlands market is seeing a strong source of acquirers, not just from the US but also other key geographies where interest in UK assets remains high, including the Far East, Middle East and other European countries.
“The activity in the Lead Advisory team has been mirrored by the other deal teams. Over the same 12 month period the Midlands Transaction Services team supported clients on over 40 deals, including Purplebricks’ acquisition of the Canadian online estate agent DuProprio, the disposal of 2 Sisters red meat business to Kepak Group Limited and the sale of the commercial marine division of Rolls Royce PLC to Kongsberg Gruppen.
“The Midlands M&A tax team have shared similar success, supporting on 54 transactions in the last 12 months. This includes advising on the IPO of The Works PLC, and providing due diligence support to the Paragon Banking Group on its acquisitions of Iceberg Client Credit and Titlestone Property Finance.
“The market remains very active and with the pipeline looking healthy, we are actively recruiting as our own confidence remains high,” adds Boocock.
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