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Grant Thornton hails ‘record year’ for deal activity

The total transactions recorded in 2021 increased by 64% from pre-Covid levels

Grant Thornton UK LLP has announced it witnessed a ‘record year’ for deal activity as its Deals and Business Consulting practice recorded 295 transactions overall in 2021, with a disclosed transaction value of over £10bn.

This has reportedly surpassed the previous total of 179 deals recorded on Experian in 2019 by 64%, and it is more than double the number of deals recorded in 2020 which sat at 107, up 175% year-on-year.

Throughout the year, Grant Thornton acted on deals in both buy and sell-side capacities across a variety of sectors throughout the UK. This includes advising Bambino Mio through an auction process to secure £13m investment from BGF to expand and accelerate UK and international growth.

Grant Thornton also advised the shareholders of National Education Group Limited on a minority investment to help support its domestic and international expansion programme.

Additionally, the firm advised on the sale of Sequence Care Group to Intriva Capital, from initial marketing through to deal completion, where the firm was appointed as corporate finance and tax advisers to the shareholders.

Grant Thornton also worked closely with Devolver Digital Inc. to support and prepare them for each stage of their IPO process and for reporting requirements post-IPO. The transaction utilised the firm’s sector knowledge and experience across audit, tax, due diligence and finance office consulting.

Darren Bear, head of Deals and Business Consulting at Grant Thornton UK LLP, said: “We have just come off a record 12 months for deal activity, as global liquidity remains high and strong corporate balance sheets are driving significant levels of activity across all sectors.

“The environment that we operate in will continue to change, increasing inflation and challenging global supply chains will cause different challenges across many sectors but we have a market leading team ready to help our clients across the UK grasp opportunities and navigate business change.”

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