Member Article

£3.1 billion deal values in 2014 for Liverpool professional advisors

Deal values of transactions made by Liverpool-based professional advisors rocketed by 350% to £3.1 billion in 2014 compared to the previous year.

The report, presented by Professional Liverpool in association with financial information specialist Experian Corpfin, details deals that Liverpool advisors have worked on both in the UK and globally.

Statistics showed that Liverpool advisors acted on 93 transactions to the value of £3.1 billion – up 369% on the £670k the previous year.

The increase in deal values was driven by four deals totalling £2.2 billion - Premier Foods’ Rights Issue, SSP Group’s flotation, the divestment of Playtech Plc and the management buy-out of Eddie Stobart.

The report showed that the amount of deals funded by bank debt increased with banks supporting 19 deals in 2014 compared to 14 in the previous 12 months.

The busiest sectors reported were wholesale, retail trade and repair of motor vehicles, professional scientific and technical activities with a move away from manufacturing with 21 deals in 2014 compared to 27 deals in 2013.

Lending director at NatWest, Jeff Cummins said: “Liverpool advisors continue to be busy as the local economy shows encouraging signs of growth.

“Although the deal numbers are behind the record levels of 2013, 2014 has shown itself as the busiest year ever by value terms.”

This was posted in Bdaily's Members' News section by Sophia Taha .