Flurry of deals sees accountancy firms chalk up new records

David Abbott

David Abbott

A recent flurry of deals has helped Bishop Fleming’s corporate finance and tax teams chalk up new records.

Despite initial market uncertainties in the aftermath of the Brexit vote, the Bath and Bristol corporate finance and tax teams at the Top 40 accountancy firm are celebrating another summer of deals, having advised on a “double digit” number of transactions worth in excess of £100m in total.

Recent deals on which the teams have advised included: the £17m sale of Simulation Systems to Costain PLC; the acquisition of RDC by telecoms business Solar Communications; the private investor backed buy out of whistle-blowing hotline provider, Expolink Europe; the sale of communications business Applicable Ltd to Arkadin SAS; the merger of financial business Moneywise with Fidelius; and the sale of personal financial advisory firm, Farleigh Group to Wealth at Work, backed by Equistone Private Equity.

Bishop Fleming’s Corporate Finance Director, David Abbott, comments: “We are delighted to have been instrumental in delivering all of these successful transactions for clients across such a diverse range of sectors.

“Our speciality is to work closely with owner managers to achieve their goals, irrespective of what their business is. Clearly, there is a degree of uncertainty at present, but we continue to have a very strong pipeline of deals.”

Bishop Fleming has 7 offices across the South West and West Midlands with over 300 employees, and was recently ranked number 33 in the Accountancy Age top 100 UK firms. The firm has also been shortlisted in two categories for the British Accountancy Awards: “Mid-tier firm of the year” for the second year running and “Top 50 Audit Team of the year.