RSM Tenon leaps to the top of UK M&A advisor table

RSM TENON has stormed into second place as financial advisor for all mergers and acquisitions in the UK, according to an Experian report.

Earlier this month, the listed firm posted a £100m operating loss and reduced its headcount by 338 in its annual results for the year ending 30 June 2012.

However, it has managed to jump from 20 to second place in the Experian Corpfin advisor league tables based on volume.

Tenon leaped into second place, having advised on 58 M&As in the past year – Grant Thornton took the top spot with 82.

PwC also climbed the table, from tenth to eighth. However, KPMG fell eight places to 12th, Deloitte slipped to sixth from fifth, and Ernst & Young failed to make the top 20.

Other firms to feature in the rankings include BDO, which fell from third to fifth and a new entry from Baker Tilly with 25 deals.

RSM Tenon national head of corporate finance Peter Vandervelde said: “These impressive statistics confirm that we are delivering in terms of excellent advice and quality work for our clients. We are now clearly recognised as one of the front runners in the mid-market corporate finance space.”

However, in a table ranking advisors based on value of M&A activity, none of the firms broke into the Top 20. Goldman Sachs, JP Morgan Chase and Morgan Stanley took the top three places in this league table with M&A deals valued at £55.9bn, £53.8bn and £49.7bn, respectively.

The information is based on all M&A activity in the UK on transactions deals valued at £500,000 or more, as long as the parent company is based in the UK. The figures are for deal in the last 12 months ending 25 September.

To view the table click here.

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