Impacting the figures was the £1.1bn acquisition of Churchill Insurance by Royal Bank of Scotland from Credit Suisse. But despite the improvement, the figure was still 30% down on the same quarter of 2002. Foreign acquisitions of UK companies rose by 25%.
– Numerica Corporate Finance has advised on the reverse takeover of The Telecommunications Group by Cellular Holdings. The deal allows Cellular Holdings to complete the further acquisitions of Phone Direct Group, Anglia Telecom and Ventelo Group.
Numerica, led by Nick Weston, director and head of corporate finance north west, advised the shareholders and directors of Cellular Holdings on the acquisitions of Anglia Telecom and Ventelo Group. This involved negotiations on the terms of the reverse takeover of TTG and the provision of acquisition and working capital facilities.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.