Corporate team leaps up new Experian dealmaker’s chart

July 26, 2016, By

A new report issued today by Experian detailed the volume and value of deals in the North West.

The number of transactions conducted in the North West in the first half of the year was the highest for any half-year period since 2008 – and our corporate team are celebrating after advising on 14 of them in the region.

The largest deal in the region so far this year was Apax Partners’ partial exit from Manchester-based Auto Trader Group Plc valued at £852.8m.

There were 85 small deals (£0.5m – £10m) announced the North West in H1, 6.6% down on the H1 2015 total of 91 and a 2.9% drop in value from £268m to £260m.

56 mid-market transactions (£10m – £100m) worth £1.8bn showed a slight improvement on H1 2015 both in terms of volume and value; rises of 3.7% from the 54 in H1 last year and 8.6% in value (from £1.7bn).

Large deals (£100m – £1bn) made the biggest gains from H1 2015; from 5 to 11 deals (120% up) and from £1.3bn to £3.2bn (150% up).

414 deals were announced in the region, worth £5.2bn, rises of 10.7% and 14.2% respectively from H1 2015 where the 374 deals announced were worth £4.6bn.

Simon Wallwork, partner at Slater Heelis, which leapt from number twelve to number six in the legal dealmakers chart produced by Experian, said:

“It’s been a tremendous year for the local corporate finance community. We’re heading towards pre-recession levels of activity. It remains to be seen how the second half of the year will progress. Changes at the top of Government and the effect of Brexit is still largely unknown but looking at our own pipeline and talking to others in the Manchester corporate finance community there are still plenty of deals that will be concluded at all levels.”

Slater Heelis acted in deals including the investment by Catapult Ventures in Blueberry Therapeutics, the take private of ANS Plc and the disposal of Trojan Utilities to SMS plc.