Transactions

A review of corporate finance deals in 2013

Overall deal activity in the UK market picked up in 2013.

Looking ahead, we are also optimistic that conditions are in place for a continuing improvement in transaction volumes and values in the coming year. The outlook for the UK economy is more positive than it has been for some time and this growing confidence is feeding through into improved sentiment among corporates and financial institutions. IPO activity increased significantly last year, both on the main market and AIM, and there is a healthy pipeline of forthcoming listings for 2014.

In addition, appetite for lending among banks is growing, particularly for larger transactions, and the terms being extended are increasingly borrower friendly.

Against this more benign backdrop, corporates are sitting on record high levels of cash, which they need either to return to shareholders, invest in their existing operations or use to acquire new businesses. At Grant Thornton we have been busy helping our clients achieve these goals. We are delighted that, for the third year in a row, we have been confirmed as the number one financial adviser to UK companies by deal volume.

Leading the Way takes a look at the deals we advised on throughout the year highlighting our sector expertise and international reach.

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