Corporate Finance Overview. National Association of Independent Accountants & Business Advisers

Transcription

1 Corporate Finance 2017 Overview National Association of Independent Accountants & Business Advisers

2 About Us 130m Combined turnover 9 Member firms 50+ Offices MHA is an association of progressive and respected accountancy and business advisory firms, with a dedicated corporate finance team specialising in advising entrepreneurs and owner managed businesses. As an independent member of Baker Tilly International, a global advisory network, MHA offers clients unparalleled access to a broad range of in-country international corporate finance specialists where overseas projects are on the horizon. Baker Tilly International US$3.2bn Combined revenues 147 Countries 126 Member firms Member firm coverage 2

3 2017 Completed Transactions In 2017, MHA advised on 85 completed domestic and cross-border transactions, enabling our entrepreneurial client base to pursue strategies for growth, deliver succession plans and realise shareholder value; this represents a 37% increase on 2016 completed transactions. MHA firms also secured top rankings in a number of the UK s regions in 2017, and our teams won numerous M&A awards. Experian reports that the total number and value of UK transactions declined in 2017 (by 5.5% and 6.6% respectively); however 2017 M&A activity still exceeded the long-term historical average. Private equity and VCT funds raised additional capital in 2017, further supplementing substantial dry powder to be deployed in the market. The UK also remains particularly attractive to overseas acquirers buoyed by the continuation of low interest rates and favourable exchange rates. We anticipate that entrepreneurial businesses in the SME and lower mid-market space will continue to command near record valuation multiples and M&A activity will remain solid throughout 2018 (Source: Experian). 85 Completed transactions in % 9.7m 21.6m Increase compared to 2016 Transaction Type Average Transaction Size Average Turnover Mergers & Acquisitions MBOs/MBIs Development Capital Share Buy Backs Sector Breakdown Manufacturing Business Services Construction & Real Estate Healthcare 20% 20% 17% 15% Technology Motor Financial Services Retail & Hospitality 9% 7% 6% 6% 3

4 Our National Team National Rankings On a combined reporting basis, MHA firms would place ninth in Experian s United Kingdom and Republic of Ireland M&A Review 2017 rankings by deal volume, compared to twelfth in Completed Deals 2017 vs Rankings 70 9th in the UK* Deal Volume * 2016* 1st 1st 9th in Wales in North East in Scotland th in East Anglia (* = MHA firms aggregated) Our national team focuses on meeting the needs of entrepreneurs and owner managed businesses. We have significant sector expertise spanning multiple industries. Our team provide a pro-active and personal service, helping clients to achieve the outcomes they seek. Our Services Corporate Disposals Management Buyouts Corporate Acquisitions Raising Equity & Debt Finance Financial Due Diligence Business Valuations Flotations Strategic M&A Our Sector Specialisms Agriculture Chemicals Construction & Real Estate Education Energy Food & Drink Healthcare Hospitality & Tourism Manufacturing & Engineering Motor Oil & Gas Professional Practices Recruitment Retail Technology Transport MHA Statistics 130m Turnover 9 Member Firms 50+ Offices Nationwide 179 Partners 2,200 Staff 4

5 International Reach Baker Tilly International is the ninth largest advisory network in the world. As the UK member, this enables us to extend our accountancy services internationally to meet the cross-border needs of our clients. We provide expert advice to those looking to expand internationally and to introduce overseas investors and purchasers. Baker Tilly International Statistics US$3.2bn Turnover 147 Countries 126 Member Firms 769 Offices Worldwide 30,490 People UK Rankings Thomson Reuters Mid-Market Undisclosed Values & Values up to US$500m European Rankings Thomson Reuters European Involvement Mid-Market Undisclosed Values & Values up to US$500m Financial Advisor 2017 Rank 2016 Rank Financial Advisor 2017 Rank 2016 Rank Rothschild & Co 1 1 KBS Corporate Sales Ltd 2 6 KPMG 3 2 Grant Thornton 4 4 PWC 5 7 Baker Tilly International 5 9 BDO 7 5 RSM Corporate Finance LLP 8 3 Ernst & Young LLP 9 8 Clearwater International *Source: Thomson Reuters KPMG 1 1 Rothschild & Co 2 3 PWC 3 2 BDO 4 4 Ernst & Young LLP 5 5 Deloitte 6 6 IMAP 7 7 Lazzard 8 8 Oaklins 9 9 Baker Tilly International *Source: Thomson Reuters 5

6 Contact Your Local MHA Office Henderson Loggie Dundee (Head office) The Vision Building 20 Greenmarket Dundee, DD1 4QB Tel: Additional offices: Aberdeen, Edinburgh & Glasgow Larking Gowen Norwich (Head office) King Street House 15 Upper King Street Norwich, NR3 1RB Tel: Additional offices: Colchester, Cromer, Dereham, Diss, Fakenham, Holt & Ipswich MHA Broomfield Alexander Cardiff (Head office) Ty Derw Lime Tree Court Cardiff Gate International Business Park Cardiff, CF23 8AB Tel: Additional offices: Monmouth, Newport & Swansea MHA Carpenter Box Worthing (Head office) Amelia House Crescent Road Worthing, BN11 1QR Tel: MHA MacIntyre Hudson London New Bridge Street House New Bridge Street London, EC4V 6BJ Tel: Additional offices: Bedford, Birmingham, Canterbury, Chelmsford, High Wycombe, Leicester, Maidstone, Milton Keynes, Northampton, Peterborough & Reading MHA Monahans Swindon (Head office) Newport Street Swindon Wilts, SN1 3DR Tel: Additional offices: Bath, Chippenham, Frome, Glastonbury, Melksham, Taunton & Trowbridge MHA Moore & Smalley Preston (Head Office) Richard House 9 Winckley Square Preston Lancashire PR1 3HP Tel: Additional offices: Blackpool, East Midlands, Kendal, Kirkby Lonsdale, Lancaster, Liverpool, Manchester & Southport MHA Mtaxco Manchester (Head Office) Peter House Oxford Street Manchester, M1 5AN Tel: + 44 (0) Tait Walker Newcastle (Head office) Bulman House Regent Centre Gosforth Newcastle Upon Tyne, NE3 3LS Tel: Additional offices: Durham, Northumberland & Tees Valley Additional offices: Gatwick Issued January 2018 MHA is the trading name of MHCA Limited, a company limited by guarantee, registered in England with registered number: Registered office: Moorgate House, 201 Silbury Boulevard, Milton Keynes, United Kingdom, MK9 1LZ. Professional services are provided by individual member firms. No member firm has liability for the acts or omissions of any other member firm arising from or in connection with its membership of MHA. Further information and links to the member firms can be found via our website Arrandco Investments Limited is the registered owner of the UK trade mark for Baker Tilly and its associated logo.

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8 To find out more about the corporate finance services MHA can offer, please contact +44 (0) Follow us on: