Deloitte’s M&A advisory team in Yorkshire and the North East has welcomed a rise in transaction and deal activity during the first half of the year, advising on nine transactions with a value close to £500m over the period.
The 10-strong team was led by partners Paul Trickett and Dan Renton, and worked with clients from the consumer, retail, automotive services, technology and media sectors.
Recent deals include advising IDHL on the substantial investment funding round from Bridgepoint Development Capital, and advising the University of Sheffield on the spin-out of Casting Technology International, which secured 60 highly skilled jobs within the Sheffield City Region.
Dan Renton, M&A partner at Deloitte in Leeds said: “In the first half of 2021 we have seen very high levels of deal and transaction activity.
“The Covid-19 pandemic has provided opportunities for businesses to realign their strategies through the vehicles of acquisition and disposal. Activity has been across a range of sectors, as well as both private equity and corporate participants.”
Richard Bell, managing partner of Deloitte UK Financial Advisory added: “This increased level of activity which shows no sign of slowing, follows on from a resurgence in the M&A market in the second half of 2020. Private equity dry powder – local, national and international – is deep, corporates are active, and the IPO market has been an option.
“Those who’ve emerged from successive lockdowns with strong balance sheets and models are proving attractive targets.”
The M&A team in Yorkshire has also continued to invest in its people with the recent promotions of Jeremy Thomas and Jonny Sharp to director, as well as four new hires joining the team in August and September.