Dealmakers from Deloitte South & Wales M&A team have completed five deals in just five weeks, including the successful refinancing of the iconic British brand Clarks through investment from LionRock Capital.
Working with private companies and private equity houses, the deals span a variety of sectors including consumer products, industrial and Technology, Media and Telecom (TMT), with investment from both domestic and oversea investors.
Engaged to provide advice on all five deals, a key element to securing these mandates was either a long-standing client relationship or recommendations from fellow advisors and colleagues. The ability to provide a multi-disciplinary team where required was also seen as essential.
Led by Martyn Gregory, Deloitte’s South & Wales M&A lead, the five deals include supporting the Board around the sale process and advising the management team on the transaction of Adey to Polypipe Group Plc, sale of Western Global to MML Capital Partners, advising the management team on the terms of the sale of Bath-based SelectScience to Vespa Capital LLP and refinancing of Clarks to Hong Kong-based LionRock Capital.
The fifth deal, which has recently completed, followed an introduction from Deloitte’s Australian M&A team resulting in the disposal of Incorporatewear, part of Wesfarmers Limited, to Direct Corporate Clothing Plc.
Martyn Gregory, M&A lead for Deloitte South & Wales, says: “Despite the ongoing pandemic and economic uncertainty, the UK deal market remains buoyant and confirms there is still an appetite for investment in UK businesses from both overseas and domestic investors.
“Of the five deals that completed in the past five weeks, four of them have headquarters in the South West, which strongly indicates that it is a region of interest to investors.
“We know private equity firms are ready to invest and through our national and international contacts we have been able to help our clients to not only realise the best value for their business, but also ensure we find the right partner with the same ambitions and who are committed to driving future growth.”