York-based Azets completes £200m value of corporate deals in 12 months

Deals with a total value of around £200m have been completed by the corporate finance team at the Yorkshire office of accountants and business advisers, Azets during the last 12 months.

More than 29 UK-wide transactions were handled by the 15-strong Yorkshire team as Azets was ranked UK fifth best performing financial adviser by deal volumes in a UK and Republic of Ireland Mergers and Acquisitions survey by global information services company Experian plc.

Transactions by Azets Yorkshire team included mergers and acquisitions, management buyouts (MOBs) and buy-ins (MBIs), company restructuring, disposals, debt and equity funding and advising on establishing five employee ownership trusts (EOTS).

The main focus of Azets Yorkshire team in the last 12 months has been on owner-managed SMEs and there were significant deals in mobile telecoms, logistics, marine, renewables, wholesale and retail, food, drink, hospitality and manufacturing.

Azets Yorkshire head of corporate finance, Tony Farmer, a partner, says: “Our team has performed extremely strongly in the last 12 months and we are pleased with what we have achieved for our clients with some complex and demanding transactions.

“Our team is one of the strongest and most experienced in Yorkshire and Humber which gives our clients confidence whatever the nature, size or time constraints involved and we have a strong and varied deals pipeline for at least the next 12 months.

“Although the economy is forecast to toughen, the money supply remains very strong and there is no let up in the appetite for mid-market corporate deals. However, it is becoming increasingly apparent that quality is key and businesses looking to sell need to be well prepared and able to withstand rigorous due diligence.”

The success of Azets corporate finance team has led to three new appointments, corporate finance associates, Jacob Haldenby and Will Eardley and corporate finance executive, Kane Withall while Mark Jennings has been promoted from associate to executive and Richard Weston from assistant manager to manager.

Azets, established in 2016, is the UK’s largest regional top 10 medium sized enterprises (ME) accountancy and business advisory firm with a network of more than 160 offices and more than 6,500 staff, including Yorkshire, with offices in York and Leeds.

By Mark Adair – Correspondent, Bdaily

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