EY’s North Strategy and Transactions teams acted on seven completed deals worth almost half a billion pounds in Q1 of 2022.
EY’s team across the North provided corporate finance and tax advice to LDC as it secured investment in Manchester-based digital agency, CTI Group. The team also provided financial due diligence to Miss Group, as it acquired internet software and services company Hoststar – Multimedia Networks AG.
EY also provided financial due diligence to TIMCO (TI Midwood & Co Limited) as it was acquired by Swedish-based company, Bufab, and supported Tactus Group during its acquisition of online gaming and technology retailer, Box.
Further, the team provided tax structuring advice and financial and tax due diligence to Premier Technical Services Group (PTSG) on its acquisition of Nationwide Specialist Services (NSS), and provided buy side due diligence services to FleetCor Technologies during its acquisition of Levarti UK Limited.
Mark Clephan, corporate finance partner at EY in the North, said: “The uncertain geopolitical and macroeconomic landscape presented businesses with a tougher deals market to navigate in the first quarter, with the integrated nature of supply chains remaining in focus and proving difficult to manage for some. Yet dealmaking activity in the region has continued steadily and we have a strong pipeline of deals under way and due to complete in Q2.”
Steven Kingham, partner and head of transaction services for EY in the North West, said: “Last year was a record-breaking year for the deals market, and, while the market is now more uncertain with high energy prices and inflationary pressures, there continues to be a strong appetite to execute deals. Looking to the year ahead, we expect the deal volumes to continue as businesses reposition themselves for the post-COVID world.”