Matthew Neville

Newcastle based financial consulting specialist reaches £500m milestone

Newcastle based audit, tax, and consulting specialist RSM UK’s Yorkshire and North East teams advised on 39 deals in 2021, with a combined value of over £500m.

This equates to approximately two times the value when compared to 2020.

Following a record year, RSM UK has also invested in senior talent with the promotion of Amy Lewis to director. In addition, the overall team has increased by 22 per cent when compared to pre-pandemic levels.

Nationally, RSM UK has acted on over 240 deals in 2021, with a combined value of £4.1bn across the UK, showcasing a record year for the corporate finance practice.

Steve Green, due diligence partner at RSM UK, said: “After a bumper Q1 when the threat of capital gains tax increases accelerated deals activity, deal volumes and values have remained high throughout 2021 due to the continued ambition of private equity investors and low cost of capital for corporates.

“The regional market has performed well over the past year, and we are delighted that we have been able to support more regional businesses to progress opportunities that have come their way. This is testimony to the team we have in place, and their strong capabilities and expertise.”

Steve Hubbard, partner and head of corporate finance in Yorkshire and the North East at RSM UK, added: “Private equity investors have been very active in the period and this, alongside strategic buyer requirements, has resulted in high levels of transactions.

“During the initial lockdown many businesses have had time to review their operations which has often resulted in enhanced performance and more exit ready businesses. A high transaction volume looks set to continue into 2022 which presents a fantastic opportunity for regional businesses.”

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