Experian Corpfin has confirmed Grant Thornton UK LLP as the number one financial adviser to UK companies by deal volume for the third year in a row. The firm advised on 136 deals in 2014 and outperformed the market – recording a 3.8% increase on deals recorded in 2013, compared to the 2% uptick in total volume of industry deals last year.
Grant Thornton remained particularly active in the Technology, Media and Telecommunications (TMT) and Business Support Services sectors in 2014, accounting for around 17% and 14% of total deals completed, respectively. The volume of deals involving private equity institutions remained stable for Grant Thornton in 2014, representing c.40% of disclosed deals. Similarly, deals involving international transactions represented almost a quarter (24%) of Grant Thornton's disclosed deals in 2014.
Signalling continued improvements in the economic recovery, aggregate deal value for the entire market also increased in 2014, reaching £289bn, an increase of 5.6% on the total value of deals recorded in 2013.
The number of UK firms actively seeking M&A opportunities abroad increased considerably in 2014, up 13% on the year across the entire market. The USA and Germany attracted particularly high volumes of interest from UK firms throughout the year.
Ali Sharifi, Partner and Head of Corporate Finance Advisory at Grant Thornton UK LLP, said: “It's a great accomplishment to have retained our position as the number one financial adviser to UK companies. This accolade is testament to the insightful, relentless and focused work of our corporate finance teams across the country.
“Over the past year, we've seen deal activity across a diverse spectrum of businesses in a variety of sectors, which suggests the wider economic recovery is normalising and businesses are more confident of their prospects for the year ahead. Moreover, the uptick in UK firms' M&A activity abroad implies they're increasing their competitiveness in the global economy and undoubtedly helps strengthen the perception of British businesses internationally."