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Most active advisers for 2016 to date revealed

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The most active dealmakers in Yorkshire and the Humber so far in 2016 have been revealed, with information services provider Experian saying that the number of completed transactions had outstripped the same period in 2015, up but the total value of deals was down.

KBS Corporate was the most active financial adviser of the year to date, participating in 12 deals, just ahead of Grant Thornton and RSM, both of which advised on ten transactions in the region. KPMG and N+1 Singer made up the top five.

Lazard retained first place on the value table advising on two transactions valued at £845m, one of which being the acquisition by US business Avnet of Leeds-based Premier Farnell, for £691m, the biggest deal of the year to date in the region.

Bank of America Merrill Lynch, Rothschild, Barclays and Jeffries made up the top five on the value table.

The Premier Farnell transaction helped Allen & Overy, Gibson Dunn & Crutcher, Morrison & Foerster and Shearman & Sterling share top position in the legal adviser value rankings, having each provided legal support on the deal.

The top ranked legal adviser by volume was Walker Morris advising on 19 transactions, which was ahead of Squire Patton Boggs and Irwin Mitchell (also 19) by recorded deal value. The top five was made up by Clarion Solicitors (12) and Addleshaw Goddard (11).

There were a total of 407 M&A and equity capital market transactions announced in Yorkshire & Humber during the first nine months of 2016, an increase of 14 per cent on the 357 deals recorded for the corresponding period the previous year.

Despite this, year-on-year deal values fell by 49 per cent from £5.7bn announced during 2015, to £2.9bn confirmed so far in 2016.

Yorkshire and Humber-based companies were involved in 8 per cent of all UK deals, and contributed 1.7 per cent of their total value in the year to date.

The main industry involved in M&A activity was again manufacturing, with 160 deals, representing more than 39 per cent of all transactions.

Source: Yorkshire Business Insider, 7 October 2016