Tait Walker tops North East dealmakers league with 13 major deals

Tait Walker's corporate finance team has once again topped the region's dealmakers league

Tait Walker partner Michael Smith
Tait Walker partner Michael Smith

Tait Walker's corporate finance team has once again topped the region's dealmakers league.

The company, which has offices in Newcastle, Northumberland and the Tees Valley, ranked number one on the Experian Corpfin Advisor League Tables and M&A Activity report, which looked at the number of transactions worth £500,000 or more completed throughout 2013.

During the year, Tait Walker finalised a total of 21 deals, with 13 being included in the table.

Coming in at second place for the region was KMPG, which was involved in seven qualifying deals.

Tait Walker has topped the league table for six out of the last seven years.

Partner Michael Smith said: “It’s no coincidence that deals volume saw a 22% increase across the region from 2012 – we’ve worked hard to ride on this wave of increasing levels of confidence within management teams.

“Activity levels have improved substantially in the past year, bringing about lots of positivity towards the funding landscape.

“We have continued to invest in our corporate finance team throughout poor economic conditions, and now we’re beginning to see signs of recovery making this achievement even more rewarding.”

The year’s highlights included securing backing from two international investors for Newcastle solicitors firm Winn Group in a £80m deal that allowed the firm to roll out its services nationally,

In another significant deal, Newcastle-based Aartoft Limited – the UK’s only producer of lightweight concrete pre-fabricated bathrooms – received major investment from three different types of funders.

Tait Walker was also successful in overseeing investment from FW Capital for Newton Aycliffe-based International Pipeline Products Ltd, which was able to execute ambitious expansion plans as a result.

Smith added: “We have remained a key player in the North East corporate finance market for many years, forging strong relationships with banks, law firms, venture capitalists, and our ever-growing client base.

“We expect recent figures to act as a catalyst to spur continued investment in our region and encourage the manufacturing, engineering and renewables sectors to pick up pace throughout 2014, which stands us in great stead for the year ahead.”

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