Posted on 12 January 2015
The Corporate Finance team of Midlands based accountancy and business advisory firm Smith Cooper is celebrating an extremely successful year having completed over 25 deals during the course of 2014.
The transaction include sales, acquisitions, MBOs and refinancing, and are spread across a number of sectors with notable deals in the food, retail, sport, manufacture/wholesale and IT markets.
Commenting on the successful year, Corporate Finance Partner John Farnsworth said: “We are delighted to have doubled the number of completions we achieved in 2013. The team’s success has been assisted by an improving economy but is also results from our innovative, client focused approach and rigorous deal management. The upturn in MBO transactions over the past year indicates improved confidence by management teams and funders alike”.
Announcing a similar trend, Experian’s latest report confirms that the value of 2014 deals in the Midlands has more than doubled, to £20bn, over the previous year. According to the report, the value of deals in the UK overall rose from £273.74bn in 2013 to £289.03bn in 2014 with a total of 5,557 deals announced.
Chris Taylor, Corporate Finance Partner commented: “To gain a deep understanding of a business owner’s aspirations and to achieve the best results, we work extremely closely with our clients during the strains and stresses of a transaction. Our approach has significant benefits for our clients and we are delighted to have achieved such outstanding results.”
John added: “We have already had a busy start to 2015 and the pipeline for the year is looking very healthy. We are very optimistic about growing our corporate finance business and, consequently, are actively looking to grow our team in both the East and West Midlands."