The Centre for Management Buy-Out Research has recorded 11 exits through flotation for the quarter, compared to just one in the first three months of the year and just nine during the whole of 2003.
This year the centre has recorded realisations worth £8bn, equalling 2003’s total. Tom Lamb, managing director at Barclays Private Equity, said: ‘Traditionally trade sales provided best value and a clean break for VCs.’
Mid-sized businesses have healthy ambitions for growth, but are reluctant to become involved in merger and acquisitions or flotations as part of their future plans.
A survey from Grant Thornton showed that only 4% of businesses were interested in M&A as a route to growth. Most saw organic growth and increasing sales to existing clients as the way forward. Jim Rogers at Grant Thornton said: ‘It is encouraging to see that mid-corporate businesses, no matter what stage in their development, are ambitious about their growth.’
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.