PwC’s Midlands deals team advises on over £7bn of transactions

Matt Waddell - PwC

2015 was another standout year for PwC’s Midlands deals team, which advised on over 40 successful transactions with a combined value of around £7.3bn.

During 2015, the team was involved in a number of high profile transactions including supporting Center Parcs in its landmark sale by Blackstone Private Equity to Canadian private equity firm Brookfield Property Partners. The team also acted on Equistone Europe’s £126m sale of high performance label supplier Worldmark, to Canadian CCL Industries.

In the run up to the Christmas period the Midlands deals team also succeeded in selling out of administration the vast majority of steel manufacturer Caparo Industries. The Caparo deals comprised 4 separate transactions and safeguarded over 1,100 jobs nationwide.

Over a third of the deals team’s completed transactions were in industrial products reflecting PwC’s investment in a dedicated Midlands based Industrial Products resource.  The team acted on a range of automotive and manufacturing transactions, including the sale of automotive testing business MIRA to the Japanese company Horiba and the equity investment by global materials company Cytec Industries in Penso Consulting.

PwC’s Midlands deals team comprises 8 partners, 16 directors and over 115 professionals, collectively offering corporate finance, transaction services, business recovery and forensic services.

Matt Waddell, partner and head of PwC’s deals business in the Midlands, said: “As we expected at the start of this year, we have seen a significant increase in activity levels and are delighted to have advised both long-established and new clients on so many successful transactions over the last twelve months.

“As we look forward into 2016, we expect this upturn in deals activity to continue and, with our continued investment in our Midlands deals business, we look forward to another successful year.

“Our pipeline for 2016 is already strong and we expect to be able to announce involvement in a number of further transactions during the first quarter of the New Year.”