Accountancy and business advisory firm, BDO LLP, has advised on nine deals in the first three quarters of the year, with a combined deal value of nearly £900 million.
The BDO deal advisory team has advised on a number of high-profile deals in the last nine months, working alongside a host of local intermediaries, including regional lawyers, private equity houses and banks.
Regional deals include: providing M&A sell-side and tax advice on the sale of Chesterfield-based Utopia Tableware to Steelite International; providing buy-side financial and tax due diligence to Derbyshire-based Clinigen Group on its acquisition of Kinesys Consulting; advising on the divestment of the retail arm of Kennelpak in Nottingham; advising LDC Private Equity on its investment in Mansfield-based Integrated Doorset Solutions and Fire Door Inspection Solutions, providing commercial due diligence and M&A advice; as well as providing financial and tax due diligence services, modelling services, and forensic M&S services in relation to Joe Jennings Bookmakers’ acquisition of Mark Jarvis bookmakers.
Vinod Patel, Transactions Services partner at BDO in the East Midlands, said: “The first three quarters of 2024 have demonstrated a real appetite in the region for getting high quality deals over the line.
“Although persistent challenges still remain, the local market has been and remains extremely active. The trend of exciting and dynamic businesses attracting significant private equity funding, as well as international investment, is a real feature, while regional businesses continue to execute ambitious growth plans through strategic M&A.
“As we approach the first Autumn Budget under a new Labour Government, much will be made about how this will impact M&A appetite.”
Ben Dawson, M&A Director at BDO in the East Midlands, added: “The East Midlands is blessed with a diversified economy, and a plethora of ambitious, entrepreneurial business leaders who continue to drive M&A activity.
“The deals we have acted on in 2024 to date demonstrate the breadth of BDO’s Deals Advisory service offering, which we continue to invest in, in order to support businesses in the East Midlands to achieve their growth ambitions.”
