Today’s news in brief – 17/3/2025
TC Group has completed its merger with Norwich-based accountancy firm Farnell Clarke, forming TC Farnell Clarke. Farnell Clarke, an award-winning digital-first firm, provides tax, compliance, software, outsourcing, and advisory services to SMEs and large businesses. Its partners emphasized a commitment to innovation and client experience, which aligns with TC Group’s approach. TC Group’s M&A director Shiv Shah welcomed the merger, highlighting Farnell Clarke’s expertise in evolving accountancy practices to meet modern business needs. The partnership aims to drive sustainable growth and expand service offerings, reinforcing TC Group’s position as a leading provider of financial solutions.
Moore Global has launched a new private equity sector and appointed seven global leaders. Candice Czeremuskin, managing partner at Moore Cayman Islands, will lead the new sector, leveraging her experience in alternative investments and financial services. Other global leaders include experts in manufacturing, media, energy, mining, technology, and risk advisory. The initiative aims to enhance collaboration, knowledge-sharing, and innovation across the Moore Global network. CEO Anton Colella praised the appointments, stating they will drive expertise and client success on a global scale. Czeremuskin expressed enthusiasm for leading the dynamic private equity sector and leveraging Moore’s extensive market insights.
Private equity (PE) buyouts in the UK rose for the third straight quarter in Q4 2024, reaching 433 deals, up from 411 in Q3. The total annual deal count increased from 1,391 in 2023 to 1,571 in 2024, driven by investor confidence following the Autumn Budget. PE activity also grew in the US and Europe, despite prolonged hold periods due to economic uncertainty. RSM UK’s Stuart Clowser noted that deal activity has surpassed pre-pandemic levels, though geopolitical risks, inflation, and interest rate fluctuations remain concerns. Despite uncertainties, the outlook remains positive, with strong deal pipelines and sector-specific growth.
