Deloitte unveils 15% mid-term growth

Deloitte has seen growth of more than 15% in the half year to 30 November
2005, it has revealed.

M&A activity was the key driver of the huge growth, the firm said, with
consultancy revenues growing by 24% alone.

Audit revenues also surged by 16.8%, while tax was more restrained, growing
at 8.7%.

The growth meant total profits before all partner income and benefits of
£235.1m, the firm said.

Chief executive John Connolly said: ‘The resurgence of mergers and
acquisitions activity has been a key growth driver. Our M&A Group now
embraces skilled teams in transaction support which includes tax, financial,
commercial and operational due diligence, post merger integration (where we lead
the market), corporate finance and strategy consulting, debt advisory and
specialised finance. Our dedicated private equity teams have been especially
active as private equity houses expand significantly their involvement in major
transactions across Europe.’

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