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23 Sep 2009
PricewaterhouseCoopers is heralding the return of private equity deals after a team from its Birmingham branch helped seal a £52.2m deal for household goods group CeDo.
The Big Four firm advised on the sale to private equity group Rutland Partners, which has just received merger control clearances, and the firm now hopes it will see an upturn in such further deals, reported the Birmingham Post.
Victoria Marcer, assistant director in the corporate finance team at PwC in the Midlands, said: “Private equity backed deals have been few and far between this year and it is testament to the strength of CeDo – its international trading position and its strong customer base – that this acquisition has been possible.
“This deal will send a positive signal to the Midlands business community and indicates that investor confidence is gradually beginning to return.”
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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