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Deloitte has established a regional equity capital markets (ECM) hub based in the North West, broadening its services to large corporations.
Deloitte has invested in a North West team of ECM practitioners that will support clients looking to transact in both the UK and US markets.
The team’s expertise includes preparing for and delivering IPOs, provision of end-to-end M&A support for acquisitions and disposals, financial carve outs and transaction readiness and execution.
The multi-disciplinary team will be led out of the firm’s Manchester office by Deloitte’s head of regional assurance, Tim Grogan, and Iain White who is a financial advisory partner in the firm’s specialist ECM transactions services team.
They will be supported by Katie Harrison, Pete Braddock and Raza Mian who are all partners specialising in financial controls, historical financial information and complex carve out financials.
Notable recent transactions that the team supported include Morrison’s disposal of the Petrol Forecourt business and the demerger of Dowlais Group plc from Melrose plc.
Jo Ahmed, practice senior partner for Deloitte in the North West, said: “The investment in a dedicated ECM hub based in the North West is a significant development for the regional IPO market.
“Our Corporate Assurance hub has gone from strength to strength over the past five years, and in that time, we have seen particular demand in the North West market for specialist advisory services as corporates look beyond London. With equity capital advisors predominantly based in the capital, we’re passionate about driving the growth of transaction services in the region through our advisory capabilities.”
Grogan added: “Having supported corporate entities in the equity capital markets for years now, establishing a dedicated and specialist ECM team based in Manchester is an exciting next step for our practice. With IPO markets expected to strengthen as we go through the second half of 2024 and particularly into 2025, the formalisation of our team comes at the perfect time for corporates preparing to go to market.”
