Wednesday, August 10, 2022

EY’s North Dealmakers chalk up deals worth over £643m in Q3 2021

EY’s North Strategy and Transactions teams acted on ten completed deals worth over £643 million in Q3 of 2021.

In the North West, EY supported CPOMS Systems Limited on its sale to Raptor, by providing integrated commercial, financial and tax vendor due diligence, and supported Esken on its rights issue and fundraising.

In addition, EY acted as corporate finance advisor and provided financial and tax vendor due diligence to MPP Global Solutions, as it was acquired by Aptitude Software.

In Yorkshire, the market remains very active, with EY providing transaction support to Etex as it acquired Sigmat, and to LDC in relation to its acquisition of Texecom from FTSE 100-listed technology group Halma.

Additionally, the team provided transaction support to Gravity Global and Wholebake, as both secured investment from Elysian Capital.

EY provided further support to Advanced Supply Chain Group, which was acquired by Reconomy and to Bambino Mio, to support its investment from BGF.

“As we moved into Q3 we continued to see the deals market buoyant across the region, as it was during the first six months of the year,” said Mark Clephan, Corporate Finance Partner at EY in the North.

“It is this level of activity which provides us with the opportunity to strengthen our own team, so we can ensure we are best placed to serve the needs of our clients.”

Mark Allcroft, Strategy and Transactions Partner for EY across Yorkshire and the North East, said: “Despite what has been an incredibly challenging 18 months, the appetite for investment in the UK and across our region remains.

“Competition for quality businesses continues and the M&A market shows no real sign of slowing as our clients continue to make proprietary investments, or indeed support organic growth with bolt-on acquisitions. Companies are looking to capture demand for new and complementary services and products.

“Across Yorkshire and the North East, we have supported deals across multiple industries, including food and nutrition, where there has been strong M&A activity, attributable in part to consumers progressively opting for healthier lifestyles.”

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