Experian Corpfin has confirmed Grant Thornton UK LLP as the number one financial adviser to UK companies by deal volume for the second year in a row. The firm advised on 131 deals in 2013 and outperformed the market – recording an 8% increase on 2012 compared to the 2.9% uptick in total volume of industry deals last year.
In a sign of the continuing economic recovery, aggregate deal value for the entire market also increased in 2013, reaching £251bn – the first time yearly values have broken the £250bn mark since 2009.
Business support services and industrials were the busiest sectors for Grant Thornton with 36 and 35 deals completed respectively. Closely followed by the financial services and technology sectors with 24 deals each.
The UK remains an attractive proposition for international companies wanting to grow outside of domestic markets with investment into the UK continuing in 2013 and nearly a fifth (18%) of Grant Thornton deals taking place across borders.
Ali Sharifi, Partner and Head of Corporate Finance Advisory at Grant Thornton UK LLP, said: “It’s fantastic that we have retained our position as the number one financial adviser to UK companies. Not only have we remained at the top, we have outperformed the market and continue to grow our share.
“The increase in deal volumes we’re experiencing across most of our sectors is further evidence that the nascent recovery in the UK is more broad-based than previously thought. Mid-market companies are continuing to drive this growth and remain attractive targets for mergers and acquisitions – especially for those companies looking for a safe and accessible entry point to Europe.”
For further details on transactions completed in 2013, please visit Grant Thornton UK LLP's deals database here.