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Claritas Tax, the independent multidisciplinary tax practice, has revealed it has advised on deals with value in excess of £300m in the first half of 2021.
Ses Memhi, Associate partner and head of Transactions Tax, said that while some of the earlier activity “was driven by the potential changes to the capital gains tax regime”, it has also seen “many clients across a number of sectors” jump at the opportunity to create further value by making strategic acquisitions.
Adding those that have done so “will not only help them through the tough economic conditions but ensure they’re able to capitalise on opportunities once we fully bounce back”.
He said: “We are also grateful to our clients and to our professional partners who have continued to show great confidence in Claritas, and we have certainly enjoyed helping them achieve their goals during a very challenging time.”
The firm said the result in H1 tops the £270m of deals completed by Claritas in the first six months of 2020.
Iain Wright, partner at Claritas Tax, added: “It has been interesting to see how the impact of Coronavirus has shone a light on many sectors over the last 18 months, in particular those technology-based companies that have had a positive impact on sustainability and the environment.
“We are encouraged by this trend, and we expect strong M&A activity to continue over the next six months.”
Memhi concluded: “I must also not forget to mention our wonderful team at Claritas. I am very proud of how agile and resilient they have been… With a number of exciting new joiners across all our offices over the coming months, we are certainly well placed to continue to support our clients and look forward to doing so.”
