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EY has revealed that its teams in the North of England advised on 10 transactions worth nearly £1bn during the first half of 2025, with the majority of deals concentrated in the technology, industrials and business services sectors.
The work was led by professionals based across the firm’s Manchester and Leeds offices.
In the technology sector, EY advised Telent on its sale to infrastructure services provider M Group. It also provided financial, taxation and technology vendor due diligence for Continia as it secured investment from private equity firm VIA Equity.
Within business services, EY advised IMS Euro Group on its sale to Elysian Capital. The firm provided mergers and acquisitions (M&A), debt, strategy and tax support for the transaction. IMS Euro supplies non-pharmaceutical medical consumables.
EY’s North M&A team also led the sale of specialist printing business Adare SEC to Mail Metrics Limited, while its transaction diligence team advised delivery and warehousing company ArrowXL on its sale to transport business Jacky Perrenot.
In industrials, the firm supported Carr’s Group on the sale of its engineering division to safety products provider Cadre Holdings. EY also advised Globus Group on its acquisition of Global Glove & Safety Manufacturing Inc, providing buyside financial and taxation due diligence.
Mark Clephan, UK corporate finance leader and North M&A partner at EY, said: “Despite a range of complex headwinds, including global trade market volatility and economic uncertainty, it’s encouraging to see businesses continue to drive forward with strategic deals activity throughout the first half of 2025.
“Although the UK’s economic outlook remains relatively subdued, our deals pipeline is strong, and we look forward with optimism to continuing to collaborate with clients as they explore opportunities for mergers, acquisitions, investments, divestments and more across the remainder of the year.”
He added: “The technology, industrials and business services sectors saw some particularly significant activity during the opening months of 2025 – a trend that we expect to continue – and we are well-positioned to continue supporting deals in these markets and beyond going forward.”
The firm also provided financial and taxation vendor due diligence for GEV Wind Power, which was acquired by investor Certek. In addition, EY offered sell-side advice to FES International on its sale to precision engineering group Hunting.
