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East Midlands Chamber News

Best half year figures for Cooper Parry

David BrowneCooper Parry Corporate Finance has delivered its best ever half-year results, completing a series of high profile transactions with a combined deal value in excess of £150m.

Recent deal highlights include the sale of Notts-based CDA Group to Polish listed Amica Wronki, and acting for the shareholders on the sale of Leicestershire-based Brobot Group to HKS Holdings.

The team also worked on the sale of a UK medical device business to a US private equity fund - its first investment in the UK, LDC’s investment in Centiq Group and acted for the management on Alteri’s acquisition of Brantano (UK) and Jones Bootmaker, based in Leicestershire.

David Browne, Corporate Finance Partner, said: “We are on a successful run in terms of both originating and completing transactions. The M&A market has definitely picked up and this is being reflected in increased prices and more efficient and timely processes.

“We are seeing strong appetite from both trade and private equity, especially from overseas parties sourced from our international network across a wide variety of sectors. However, there is still a need to be innovative, practical, positive and commercial to make deals happen."

He added: “There is certainly a marked increase in the number of business owners who are considering a transaction and while some want to drive a relatively quick deal, many are understandably wanting to take the time to clearly understand their options, the ‘art of the possible’ and be clear on what they need to do now to maximise value when they do come to transact.

"Many business owners and private equity firms consider that now is a good time to sell or raise development capital as prices have improved significantly due to increased buyer and investor demand and increasing availability of debt and equity funding," he said.

This is further enhanced by a ten per cent capital gains tax regime and, although tax should never drive a commercial transaction, there continues to be some speculation that this very beneficial tax rate cannot continue and therefore owners are keen to take advantage while they can.

The ability to identify and access overseas buyers or investors is an increasing important dynamic in maximising value, as well as getting the insights of sector specialists and especially those that have worked in an industry.

David added: “We are confident of deal volumes continuing in to 2016 and this is backed by a strong pipeline of transactions. We are expanding the team further to support that growth.”

Cooper Parry Corporate Finance is a UK representative of Global M&A, one the leading independent partnerships of corporate finance advisers in the world, providing clients with the benefits of global reach and sector knowledge.