PwC’s Transaction Services (TS) team in the Midlands completed deals with a total value in excess of £3.5bn in 2021, topping the £2.5bn transactions delivered in 2019-20.
The TS team operates across the Midlands and the North, with the combined value of the transactions across both regions amounting to £12bn in 2021.
Over half of the deals completed involved supporting corporate clients and Private Equity (PE) backed portfolio companies with buy and build growth strategies.
Helen Ward, transaction services partner and private equity leader for PwC in the Midlands, said: “We have seen record-breaking deal activity over the last 12 months, with demand for our expertise remaining strong particularly in areas such as technology, transformation and ESG. Looking ahead, there is still pent up demand for deals and this will play a key role in the economic recovery with clients looking to us to solve their most pressing issues.
“Our recent CEO Survey shows that successful vaccine roll out and significant government funding have given the UK a head start on recovery. Meanwhile our listed assets represent good value, at a time when many investors have full war chests to spend on resilient businesses. The challenge and opportunity is to attract the right investments and partnerships to deliver sustainable growth across the UK.”
The deals market continues to see high levels of activity, providing PwC’s Midlands TS team with the opportunity to work with a diverse range of corporate and PE clients and across a broad spectrum of sectors, including TMT, Business Services, Industrial Products, Healthcare, Retail Consumer and Leisure and Financial Services, working on over 27 completed transactions in the Midlands.
To meet this demand, the TS team has further invested in its team in the Midlands with eight promotions announced this month, which include partner admission for Jeffery Nye and Rachael Ellis promoted to director.
In addition to the promotions, the team has invested in recruiting 20 new people over 2021. The diverse team is made up of 50% female and 35% from minority ethnic backgrounds.
