RSM named most active M&A adviser in east of England

RSM has been named the most active M&A financial adviser in the east of England in the first half of 2017.

In total, RSM’s corporate finance team has helped to close five deals across the east of England in the first half, with the firm retaining its top spot in the region for the second year running.

The figures, compiled by Experian, reveal that there were 264 M&A deals in the east of England in the first half of the year, a fall of 16 per cent on the 315 transactions recorded for the same period last year. However, deal values rose by 6 per cent year-on-year from £12.3bn in the first six months of 2016 compared to £13.0bn so far in 2017.

Manufacturing was the main industry involved in transactions (79 deals), followed by professional services (67 deals) and wholesale and retail (61 transactions).

The fall in M&A deals in the region reflected the national picture which saw deal volumes decline by 14 per cent against the same period last year.

Stephen Orriss, RSM’s head of corporate finance in east Anglia said:

‘There has been a slight downturn in deal volumes across the east of England reflecting a general decline nationally. This could be attributed to uncertainty arising from Brexit and the snap general election. However, deal volumes remain higher than the average over the last 10 years, so it would be wrong to suggest that the market is flat. Indeed, M&A deal values rose across the region suggesting there is still a strong desire to proceed with strategically important deals.’