BDO’s East Midlands corporate finance has advised on more than 80 deals with a combined value in excess of £2.5bn since the team was formed five years ago.
The team advises privately-owned, private equity-backed and AIM-listed businesses across the region, nationally and internationally on mergers and acquisitions, transaction services (buy-side and sell-side due diligence), as well as tax advisory services.
2018 has seen the team advise on a number of high profile regional deals such as the acquisition of International Logistics Group by Yusen Logistics (parent company listed on the Tokyo Stock Exchange), the debt raise of the privately-owned telematics group Microlise and the disposal of Insphire to Kerridge Commercial Systems (itself backed by PE house Accel KKR) making it the team’s most successful year to date.
Momentum in the region has continued into 2019 with last week’s announcement of Core Management Logistics’ (CML’s) sale to Rhenus Warehousing Solutions Europe. BDO advised CML.
The team works across sectors including manufacturing, consumer markets, technology, healthcare, transport & logistics and business services.
Vinny Patel, Head of Transaction Services at BDO in the East Midlands said: “When we formed the team five years ago, we had an ambitious goal to build a reputation as the ‘go to’ corporate finance advisers in the region. Our track record now speaks for itself. We work closely with business owners and management teams to help them succeed by setting their own ambitious goals and developing a strategy so they can achieve them.”
This announcement follows news that BDO is set to join forces with Moore Stephens LLP. The combined firm will create the largest UK accountant and business adviser focused on entrepreneurially spirited, fast growing businesses and high-net-worth individuals.
John Bryant, Head of M&A at BDO in the East Midlands, added: “Despite Brexit uncertainty, the outlook for this year and beyond still looks positive. We have seen – and continue to see – confidence from investors whether that’s private equity firms looking to back strong management teams with a compelling growth opportunity, listed companies or overseas trade buyers looking for strategic acquisitions.”
BDO recently launched the Midlands Private Equity Growth Barometer, which revealed the top 50 fastest-growing PE-backed businesses in the region, further cementing BDO’s position in the region as a leading adviser to the PE market and PE-backed businesses.