2018 saw FRP grow its Corporate Finance team by over 80 per cent to 20 specialists across the UK. This increase in expertise enabled FRP to complete 35 assignments during 2018, covering the full range of its Corporate Finance advisory services.
M&A deal activity has been particularly strong, involving both private equity and corporates (public and private), with international coverage, across a variety of sectors including manufacturing and industrials, healthcare, waste and energy, leisure and hospitality, technology, media and telecoms.
Activity ranged from advising management in the investment from LDC into Zip World UK, an award-winning outdoor adventure business, valuing the business at £45m and the sale of Westek Technology, a provider of rugged IT solutions for military and industrial use, to TP Group plc.
Matthew Flower, Partner in London, comments: “2018 was a year of strong growth for us. Despite the uncertainty over Brexit, we have begun 2019 with a strong pipeline indicating that appetite in the UK mid-market remains.”
Mark Naughton, Partner in Bristol, adds: “Our broad spread of activity in 2018 involving both private equity and corporates, coupled with a strong international aspect to our transactions, augurs well for 2019.”