RSM takes top spot in Midlands M&A advisory league

RSM takes top spot in Midlands M&A advisory league

RSM's corporate finance team has moved up the league table to become the most active financial adviser in the Midlands M&A advisory market in 2019.

The firm advised on 38 M&A deals in the Midlands in 2019, moving it up from fourth to first place in the latest Experian league table. This was despite deal volumes in the region falling from 1037 in 2018 to 958 in 2019, a decline of 8 per cent year on year.

Deal values in the region saw a sharper decline, falling by almost 27 per cent over the same period to £15.9bn, down from £21.7bn in the previous year.

UK-wide, RSM advised on 166 deals in calendar year 2019, moving the firm up from third to second place in the national league table.

James Carnegie, RSM's regional head of corporate finance said:

'Unsurprisingly, some businesses were reluctant to pursue M&A opportunities in 2019, amid continued political wrangling over Brexit and rising global geopolitical tensions.

'Against that backdrop, I'm delighted that our corporate finance business closed more deals and rose to the top spot in the regional rankings. Our success in advising business owners on selling to private equity investors in particular, who remain interested in well-prepared middle market businesses with strong growth potential, has helped us grow.

'We expect that the year ahead will be dominated by discussions on the nature of the UK's future trading relationships with its most important markets in the EU and the US. This along with the impact of the coronavirus may subdue activity in the first half of the year, but if we see evidence of progress in the negotiations and if the virus can be brought under control, this may help unlock pent-up demand.'

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