Manchester independent business law firm Turner Parkinson is reporting a 40% increase in deal value for the deals it has completed in 2015. Its analysis of the year’s deal statistics shows the North West economy driving a high proportion of this positive news.
The team has continued its strong organic growth with a record breaking year both for the number of deals completed and, potentially more interesting from the point of view of the North West economy, total deal value.
James Sheridan, who heads Turner Parkinson’s Corporate team, commented: “Because we are a single office business focussed on the North West mid-market, our deal statistics are a reasonably accurate barometer of what is going on across the North West – and the 40% jump in deal value to £600m that we have seen this year is a very positive sign. Of course we work on deals elsewhere in the UK and overseas, but most of the companies we work with have their roots in the North West one way or the other, so both the volume and value growth is good news. I believe it is all part of Manchester emerging as the effective ’Capital of Regional UK’, something I see gathering momentum and creating further opportunities for Manchester businesses next year and beyond.”
Stand out deals for Turner Parkinson include the sale of packaging group Logson, APS Salads’ acquisition of Wight Salads, the sale of Inspirepac to Smurfit Kappa and Pinewood’s placing and refinancing in May.
The team is once again riding high in the North West deal tables, ranked 3rd most active in the region and in the top 20 UK-wide.
“We saw the strongest deal volume growth in the technology, healthcare, biotech and industrials sectors, areas where we have been strong for several years now”, explained David Easdown, Director in the Corporate team.
James Sheridan further commented: “I am delighted with our continued success which is down to the calibre of clients we advise and the top quality service we offer. We operate in a very competitive market, but our ability to differentiate what we bring to our work with mid-market businesses continues to bear fruit and our deal performance this year has been stellar – a great team effort.”