Leading audit, tax and consulting firm RSM, with bases in Manchester and Preston, has been named the most active M&A financial advisers in the North West in 2017– maintaining the top spot for a second year running.
In total, RSM’s corporate finance team in the North West has helped to close 25 deals in 2017 including the sales of MESM to VWR, Boweld Truck Bodies, further consolidation in the veterinary sector and several cash out transactions.
RSM also took the second-place ranking in the national league table which is the firm’s highest position to date. In total, RSM advised on 145 deals in 2017, a 10 per cent rise on the previous year.
In the UK regions, RSM was also recognised as the most active adviser in the South East and the firm clinched the third spot in Scotland and in the Midlands where it climbed from fourth place last year.
According to the Experian report, the level of merger and acquisition activity in the North West held up well in 2017. In total, there were 753 transactions recorded during the year, representing a 13.8 per cent decrease in volume but a record deal value at £19.6bn which equals a 41 per cent increase on 2016.
Ian Latham, RSM’s Head of Corporate Finance in the North West, said: “Despite the perceived uncertainty, which may have impacted transaction volumes, our deal activity has remained strong in 2017. Focussed advice, an understanding of market sectors, and well-presented businesses can unlock transactions. Investors continue to chase down deals for quality businesses and we’re seeing good valuations – highlighting the strength of the market for the right businesses.”
