Crowe supports £112 million of Midlands deals

Photo shows: Holden Decor was sold to Grandeco. Crowe provided transaction support
Crowe – Holden Decor sold to Grandeco

The Midlands office of national audit, tax, advisory and risk firm Crowe has supported 14 deals worth £112 million in the past 12 months.

Andy Kay, who heads up the company’s corporate finance team, said: “Despite the challenging circumstances created by the pandemic, corporate finance activity in the Midlands has remained busy, and I would like to pay tribute not only to my Crowe colleagues, but also fellow professionals in other advisory firms, who have all pulled together in trying conditions to facilitate these deals.”

Key deals in the past year include acting for Newman and Spurr on the sale of the business to Qinetiq plc and providing transaction support to Grandeco on its acquisition of Holden Decor.

The Crowe team also advised Inspiration Care during the company’s acquisition by Choice Care, and acted for a 25 strong local pharmacy chain on its multi-million pound merger with an industry consolidator.

Andy added: “As mid-market specialists, we are ideally placed to advise on mergers and acquisitions, disposals, management buy-outs and fundraising.

“Throughout the Covid-19 pandemic, we have also been instrumental in helping our clients obtain funding support, with a constantly updated flowchart that provided a unique real time guide to what was available, how to access it and the tax and cashflow implications going forward.

“We continue to support our clients as the economy begins to emerge from lockdown and will be advising on opportunities for growth, whether organically or via the mergers and acquisitions route.

“While many businesses have struggled in the past 15 months, others have been able to maintain an even keel and build a strong balance sheet which will prove to be an invaluable war chest to capitalise on opportunities to develop both market share and product and service capabilities and capacity as they occur.”