Dealmakers at Hammonds LLP are having a busy year with £2.7 billion of deals already under their belts moving them up the deal league tables published by Mergermarket, the M&A statistics agency.
Mergermarket has ranked Hammonds 9th by deal volume for the year to date 2010 - a place higher than last year - with 30 deals completed. The firm has also been ranked in 7th for the same period by ThomsonReuters.
The firm's corporate team, working from each of the firm's four UK offices in London, Birmingham, Manchester and Leeds, has advised on a number of high profile transactions involving local, national and international businesses during 2010.
Deals highlights include:
· Advising on the acquisition of Leicester City Football Club by the Thai-based consortium, Asia Football Investments
· Advising the shareholders of luxury retailer Cath Kidston on the sale of the entire issued share capital in the company to a company controlled by TA Associates, for £105m
· Advising Montagu Private Equity on its £280m sale of Survitec, the marine and defence equipment group
· Advising Phoenix Equity Partners on the £100m buy out of the vehicle parts distributer Andrew Page;
· Advising Care UK plc on the recommended takeover offer by Bridgepoint Development Capital of the company. The offer price valued the company at circa £281m
· Advising Rensburg Sheppards on its £412m takeover by Investec Bank;
· Advising INEOS on the £220m sale of INEOS Fluor to Mexichem
· Advising management on the £115m buy out of 1st The Exchange, the leading provider of IT solutions to the independent financial adviser community
William Downs, International Department Head of Corporate Strategy and Finance, said:
"Despite the continued economic uncertainty we've had an exceptional year in a number of respects. Our public M&A practice has been strong throughout, our private equity team have completed some complex deals and there has been an increase in cross-border M&A activity. I am optimistic that 2011 will also be a decent year for the mid-market and that is reflected, in the activity levels of the regional corporate finance advisors who have relatively full pipelines of deals for the first half of 2011. For the private equity market, these are driven by the requirements of VCs to churn their portfolios and get cash out of the door for funds raised at the height of the market in 2007."
Downs continues, "The corporate finance market in London has come back quite strongly and looks to be continuing, with public M&A transactions forming the bulk with sale mandates filing up the pipeline.
For further information contact:
Kath Paddison, Communications Manager, Hammonds LLP, on 0161 830 5289 or email: firstname.lastname@example.org