EY’s North West Transaction Advisory Services team acted on deals totaling £6.5bn in 2017 – more than double the value of deals completed in the previous year (£3bn in 2016).
It acted on more than 30 completed deals in 2017, with highlights including Inflexion’s minority investment into Crewe-based fuel card provider Radius; the listing of Ramsdens Financial Services on AIM back in February; and North Edge’s disposal of Utiligroup to ESG in April.
Other completed deals include Old Mutual Global Investors’ investment in The Hut Group in August, Graphite’s investment in YSC and Kohler’s acquisition of Clarke Energy.
EY’s Transactions Advisory Services has recently been strengthened by welcoming Rob Jones, who has relocated from London to lead and grow EY’s Debt Advisory business in the North.
The North West Transactions Advisory Services team continues to grow in 2018, with the appointment of Paul Stott as director. Paul joins EY from ENER-G, where he was group transaction finance manager for four years, and he has previously worked at Deloitte.
Richard Harding, Partner and Head of Transaction Services for EY in the regions, said: “2017 was a standout year for our North West transactions team and our current levels of activity and pipeline show that 2018 is looking just as strong, which is why we have invested in growing our team further with Paul’s appointment.
“Paul not only brings previous experience of working on complex deals but also extensive knowledge of the energy sector – a particular strength for the North and an area we expect will see deal activity in the future.”
Mark Clephan, Partner and Head of Corporate Finance at EY in the North added: “Brexit has certainly not resulted in a slowing of deal activity in the region, if anything it has resulted in greater opportunity as European businesses look to shore up their position within the UK market before any impending changes take effect, particularly given the benefit to overseas buyers of sterling depreciation.
“I’m excited by the breadth of opportunity that is already presenting itself this early into 2018 – the many private equity firms in the region remain active and the businesses we act for locally, which are based across the UK, remain an attractive proposition for trade buyers internationally. 2017 will be a tough year to beat but we are confident and up for the challenge!”
