Chantelle P (The Finance Story)’s Post

"It’s not just M&As or restructuring—the real party is at Family Offices," claims Girish Vanvari, Founder of Transaction Square. He adds, "If I were to advise my son, who also works with me, I would make sure that he works in family offices because that’s where the maximum excitement is." Talk about putting your money where your mouth is! Why? Family offices don't have a #Big4 competition because people trust individuals, not organizations. Read the full article by clicking on the link below. #familyoffice #mergersandacquisitions #ipo #transactionadvisory

#Accountancy News! Latest merger for fast growing Streets Chartered Accountants sees the coming together of two tech pioneers in the professional services sector The latest in a line of mergers for the fast-growing practice Streets Chartered Accountants sees a coming together of two highly successful, pioneering tech powered firms, which focus on innovation in delivering assurance and financial management, especially for FinTech start-ups and scale-ups. Streets, a top 40 UK professional service firm, is delighted to announce that the boutique practice of Mitch Consulting Ltd, which provides outsourced accounting and finance solutions centred around the use of cloud-based programmes and digital platforms, has merged with the firm’s Bristol practice Streets Steele Limited, which has developed an industry leading virtual finance office service for clients running a fast moving, dynamic and rapidly growing business. Click here to read more -> https://bit.ly/3UqZ7mn -> James Pinchbeck, Mark Mitchell, Paul Birch, Richard Moor, Paul Tutin -> #Finance #Technology #FinTech #Merger #BusinessGrowth #StartUps #ScaleUps #UKNewsGroup #EastOfEngland #SouthWest

#Accountancy News! Latest merger for fast growing Streets Chartered Accountants sees the coming together of two tech pioneers in the professional services sector The latest in a line of mergers for the fast-growing practice Streets Chartered Accountants sees a coming together of two highly successful, pioneering tech powered firms, which focus on innovation in delivering assurance and financial management, especially for FinTech start-ups and scale-ups. Streets, a top 40 UK professional service firm, is delighted to announce that the boutique practice of Mitch Consulting Ltd, which provides outsourced accounting and finance solutions centred around the use of cloud-based programmes and digital platforms, has merged with the firm’s Bristol practice Streets Steele Limited, which has developed an industry leading virtual finance office service for clients running a fast moving, dynamic and rapidly growing business. Click here to read more -> https://bit.ly/3UqZ7mn -> James Pinchbeck, Mark Mitchell, Paul Birch, Richard Moor, Paul Tutin -> #Finance #Technology #FinTech #Merger #BusinessGrowth #StartUps #ScaleUps #UKNewsGroup #EastOfEngland #SouthWest

“The market is definitely coming back, corporates are risk-on, there’s an appetite for big deals,” says Mark Sorrell, Goldman Sachs’ global co-head of M&A. Global takeovers this year have totalled $1.3tn, an increase of 23 per cent compared with the same period last year, according to data compiled by the London Stock Exchange Group. That total has been powered by mega deals, with acquisitions worth more than $10bn increasing 75% year-on-year to $338bn. Advisers acknowledge that the recent rise in deals comes after the worst performing year in a decade and caution that major political and economic uncertainty still hangs over the mergers market. One particular area where dealmaking has recovered more slowly than expected is by buyout investors. Through the first five months of the year, the value of deals struck by private equity hit $286bn globally, an increase of more than 30 per cent on the same period the year before. “We are reasonably optimistic based on what we are seeing,” says John Maldonado, a managing partner at Advent International. “It is a healthy mix of sponsor sellers, strategic sellers and some public companies.” Still, dealmakers say it is inevitable that private equity groups will continue to step up transactions as they are sitting on nearly $3tn of assets globally that must be sold so they can return cash to their institutional backers."

When it comes to mid-cap #businessbrokers, all is not well. Over the last couple of years, big-ticket M&A has not been as active as people seem to be making out. It's been pretty dire, actually. That's driven a lot of consolidation in the industry. Yesterday, the Liberum and Panmure Gordon merger announced in Jan finally happened. Both firms were badly affected in experiencing severe revenue drops which forced a reconsideration of their strategic options (Liberum lost a whopping £9m in 2022; PG lost even more - circa £15m). This resulted in the merger and the creation of private capital and debt advisory divisions to broaden the merged company's market offerings. Liberum generally does £100M+ deals and there just haven't been that many of the bigger deals around. Last year finnCap Cavendish (M&A specialists) and Cenkos Securities (equity specialists) merged in a similar kind of deal after both experienced drops in revenue and profit. (Panmure had previously attempted to buy finnCap, now called Cavendish, but did not succeed.) Deutsche Numis (previously just Numis) had one of the biggest drops in profit and were picked off by Deutsche giving Deutsche an access to the mid-market that they long craved. Deutsche got in on the cheap (£410m)! It's not just in the UK, the rest of Europe has caught the same fever. About a year ago Clearwater (based in Birmingham, UK) merged with Dutch PhiDelphi Corporate Finance. Houlihan Lokey completed 8 acquisitions in Europe since 2015 (mainly in consumer / TMT) and, I believe, are still actively looking to mop up M&A firms with expertise in the tech space. Firms like Arma may be suitable targets. There have been acquisitions / mergers in the lower mid-cap market as well with @Dow Schofield Watts investing in The Camlee Group, for example. And a bit before that, FRC acquired JDC CORPORATE FINANCE LIMITED and Spectrum Corporate Finance Limited and K3 Capital Group acquired Knight Corporate Finance. August Equity acquired AAB who then went on to acquire a load of different companies. All of the firms above involved in mergers/buyouts would maintain, of course, that clients did not suffer and services were transferred smoothly and seamlessly. Perhaps it's true. But if you're a mid-cap firm and you're signing on with an #advisory / #corporatefinance firm over the next few months, it's worth asking a few questions about their strategic plans, whether there are any imminent changes (particularly in staff servicing your mandate) and, perhaps, even negotiate terms of your engagement to protect against changes and/or to lock in lead advisory commitments. Drop me a note if you're considering an equity event and want to know what's happening in the world of M&A advisory before you engage the appropriate professionals.

Great article from Private Equity Info highlighting the trends in private equity acquisitions in recent years. As capital has gotten more expensive, firms have shifted to smaller add-on acquisitions This could lead to exit opportunities for smaller firms that they had previously not considered.

Big ticket deals strengthen Global M&A  Mega deals have revitalized global M&A, rejuvenating investor spirits after a lackluster 2023. The revival indicates a strong appetite for large-scale deals, with global takeovers reaching a total of $1.3 trillion this year, a 24% increase compared to the same period last year. In the first five months of 2024, there were 47 deals worth $5 billion or more announced globally – the highest January to May count since 2021.  North America accounted for the largest share of deals. The Energy & Power sector took the lead in terms of announced deal value so far this year, amounting to $226 billion. Technology closely followed with $210 billion worth of announced deals. This uptick indicates a rise in deal appetite and capacity as well as optimism in the market. As we move further into 2024 it will be interesting to see if the market sustains the recovery or not. #KPMGElevate #KPMGValueCreation #KPMGDeals #KPMGInsights #M&A #Megadeals #Takeover #Merger #Acquisition #GlobalM&A

The pace of mergers and acquisitions within the UK accountancy firm space seems to be picking up. No doubt at least in part driven by growing interest from private equity. It’s definitely changing the landscape. The surge appears to be motivated by several key factors: the desire for growth, the push for technological advancement, and the need to expand service offerings. There also seems to be an increase in firms using acquisitions to bolster their geographical coverage.   This trend presents both opportunities and challenges. On one hand, combining resources and expertise with external capital can lead to substantial growth and innovation.   I’ve been quite close to a few of these types of deals. There’s a number of areas that I would advise the acquiring firms need to pay attention to. - Make sure the team at the acquired firm feel like they are important. They are the ones that will be looking after the clients in the short term.   - Integrating a medium sized firm into your existing tech stack needs to be planned out fully. Don’t underestimate the amount of training you’ll need to roll out to the team. - Make sure clients feel loved. I’ve heard from lots of firms that they’ve won decent clients of acquired firms because the client’s previous partner contact has left and they’ve ended up with a more junior contact. - If you’ve got an external investor producing consolidated reporting is a bigger task than you think. Bringing together multiple time and fees data into one place will need some investment or it will become a hugely time consuming task.    I'm keen to understand this trend further. If you are free for a call to discuss or you want to pick my brains on any of the points I’ve raised above please DM me. I feel this could be a great topic for a webinar!

Excited to share insights from my recent deep dive into the world of Mergers and Acquisitions at Masters Union, under the guidance of the esteemed CA Sarthak Ahuja. 🚀 1) Revenue-based valuations and P/B ratios in banking: Understanding the intricacies of valuations in the banking sector was eye-opening. The nuances of revenue-based valuations and assessing Price-to-Book ratios shed light on the unique dynamics of valuing financial institutions. 2) Term sheets demystified: Drawing up term sheets is a crucial aspect of any M&A deal. Learning the art of crafting comprehensive term sheets and grasping the subtle differences between various clauses was pivotal in understanding the legal framework of mergers and acquisitions. 3) The Moms Co. Case Study: Analyzing the acquisition of Moms Co. provided a real-world perspective on navigating M&A transactions. Delving into the strategic decisions and challenges faced during the acquisition offered invaluable insights into deal structuring and negotiation tactics. 4) Deciphering EdTech business models: With the booming EdTech sector, understanding the intricacies of its business models is essential. Dissecting the business models of EdTech companies helped unravel the underlying drivers of success and the key metrics to evaluate in M&A transactions within this space. 5) Exploring financing models: Mergers and acquisitions often involve complex financing structures. Diving into the different financing models equipped me with the knowledge to navigate the financial intricacies of M&A deals, from debt financing to equity arrangements. Overall, the course was nothing short of transformational. Each module provided a comprehensive understanding of the multifaceted world of mergers and acquisitions. A heartfelt thanks to Masters Union and CA Sarthak Ahuja for this enriching experience! #MergersAndAcquisitions #LearningJourney #TransformationalEducation

For many private companies, staying independent while driving significant growth can seem impossible. But I am starting to see Employee Stock Ownership Plans (ESOPs) and family businesses starting to recognize the benefits of M&A, which would make this feel possible. This is an interesting option for private businesses as acquisitions can be a powerful growth engine, helping grab talent, new skills, and fresh revenue streams. With the growth of holding companies, increasing contingent considerations, and creative financing, this strategy that was once reserved for the big players is now more accessible than ever for family businesses. https://lnkd.in/gMzfssS4 #MergersandAcquistions #familybusiness #growth