RSM climbs M&A advisory league table

RSM's corporate finance team has climbed the M&A advisory league table, moving up from third to second place in a list of the most active M&A financial advisers in the UK. 

Overall, RSM advised on 109 completed deals in the first three quarters of the year, according to the latest Experian data. This was despite an overall decline in market activity which saw deal numbers fall by 12 per cent over the same period. 

The total value of UK M&A deals in the year to date also dropped, down by almost 50 per cent from £302bn last year to £154bn this year, the lowest recorded figure since 2003. 

Rob Donaldson, RSM's head of corporate finance commented:

'Rising global geopolitical tensions and the ongoing Brexit soap opera have unsettled the market and suppressed the appetite of some buyers. Against this challenging background, it's particularly pleasing to see that our team has moved up the rankings. 

'Some areas of the market remain buoyant. Private equity investors remain on the look-out for well-prepared mid-market businesses with growth potential and we have had some good success in helping owners and shareholders to cash out at good prices.'

'We hope that going in to 2020, the Brexit deadlock will be broken and this will release some pent-up demand, but this is unlikely to happen until the second quarter at least.'