KPMG’s Leeds-based corporate finance team has announced the completion of a record 10 transactions in February 2021 totalling over £600m.
Led by Christian Mayo and Giles Taylor, the department attributed its influx in activity to an increase in competition to invest in businesses across the region.
KPMG commenced the month by advising Inflexion on its sale of Bollington Wilson Group to Arthur J Gallagher.
Further financial services sales in the forms of Packetts to Jensten Group and Butterworth Spengler to JM Glendinning were also advised by KPMG’s corporate finance team in Leeds.
Mayo claimed the recent activity shows that despite “challenging trading conditions”, many Yorkshire businesses “can still attract significant investment”.
He said: “It’s also encouraging to see that the transactions the team has supported during this period cover a range of sectors – from financial services to security and food to horticulture.
“You only have to consider the valuations that these companies are attracting to gauge the appetite from investors and strategic trade buyers across the region.”
Throughout the month, the team also advised the shareholders of Company Shop on its £82.5m sales to Biffa, as well as a number of other investments and sales.
Mayo added that the group expects “interest in investment and sales processes to continue” as Covid-19 restrictions are lifted and the UK economy recovers.