Deal activity remains brisk despite Brexit uncertainties….

According to the latest set of year to date figures from Experian MarketIQ there were 5,137 deals announced during the first nine months of the year, a decline of 6.1% on the 5,470 transactions announced over the same period in 2017.

The third quarter saw just £46bn worth of deals announced involving a UK business, down from £144bn in Q1 and whether this is a temp blip remains to be seen. Certainly, the Bishopsgate team have seen a couple of projects delayed until the Spring 2019 as European and other overseas buyers hold fire until they get a clearer picture from Whitehall / Brussels. We do expect an M&A “bounce” once the Brexit cloud has lifted.

Deal activity across the Midlands continues to lag behind last year, with the total volume of 618 deals being just over 20% less than the 776 recorded at the same time last year. The Midlands contributed 12% of UK deal volume so far this year, making it the third most active UK region for deal making behind London and the South East. The Bishopsgate team have 4 deals completing before Xmas so we will be flying the flag for the region.

Bishopsgate Corporate Finance expands following record year

Bishopsgate has further strengthened its deal making team with the appointment of Ed Wesson as Corporate Finance Manager and the promotion of James McBain Allan to Director.

The appointments follow a record year as the boutique completed a number of high profile transactions most notably the acquisition of Bullitt Group and the sale of Virgin Experience Days to Inflexion Private Equity for £40m.

Ed Wesson joins from Smith Cooper Corporate Finance, having spent the past three and a half years working in the lead advisory team in Nottingham. He is experienced in working with entrepreneurs and owner managers across a wide range of sectors in the mid-market.

He said: “I’m delighted to have joined Bishopsgate. I was attracted by their unique and entrepreneurial approach to deal-making which has seen them achieve some truly exceptional outcomes for their clients and I’m looking forward to being a part of that.”

James McBain Allan, Director at Bishopsgate added: “Ed is a talented and passionate individual and both Simon and I look forward to working with him for many years to come as we look to continue to grow within local and national corporate finance markets.”