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Hazlewoods has revealed its corporate finance team completed £1.5bn worth of transactions in 2022.
Deal values were up 42.6% on 2021, and it is the second year in a row that the team has beaten their best ever results.
During the 12 months to 31 December 2022, 165 transactions were completed, with deal value at an all-time high for Hazlewoods.
While a quarter of the deals in 2022 related to South West-based companies, it also has a national and international reach – 75% of transactions had a UK-wide or overseas connection.
Hazlewoods partner, Paul Fussell, said: “This is a fantastic achievement for the team and firm as a whole, despite the challenging macroeconomic conditions during the second half of last year.
“We have been working on projects that are increasingly large, complex and high-value, with our 2022 performance reflecting the confidence that business owners have in us to deliver a quality service.”
Rich Grover, director, added: “Stability is returning to the market more quickly than many anticipated. Whilst interest rates are higher than we have been used to in recent years, they are not exorbitant in comparison to long run averages.
“Trade acquirers with cash on their balance sheets are seeking strategic acquisitions, and private equity houses are compelled to find attractive acquisition targets to deliver a return for their investors.”
