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  • BDO Scotland - Corporate Finance 2017 Snapshot

BDO Scotland - Corporate Finance 2017 Snapshot

09 February 2018

2017 was another busy year for transactions. Whilst the long term outlook for the UK and Scottish economies remains unclear, we remain positive on the outlook for deal making in what is a strong sellers’ market. We can look back on an award winning 2017 as one of the busiest years for our local transaction teams, which bucked the trend for Scotland as a whole where deal volumes were down compared to 2016. We continue to work closely with business owners and private equity to help navigate the challenges and opportunities ahead. The initial signs for 2018 remain positive with our teams fully engaged in helping our clients succeed.  

  • BDO advised on 22 completed deals in Scotland, a 57% increase year on year
  • One third of our deals involved private equity
  • Increasing numbers of cross border transactions, a feature of 9 of our 2017 deals
  • Double award winning team having been voted Deal Transaction Support Award winners at the 2017 Scottish Deal and Dealmaker Awards and Corporate Finance Team of the Year 2017 at the Scottish Business Insider Accountancy & Finance Awards
  • Appointed two Corporate Finance partners in Scotland, recognising the strength of our offering in the local market and the opportunities that lie ahead
  • 92% of our clients would recommend us, more than any other firm

BDO provides end-to-end advisory support on Corporate Finance deals. Our fully integrated service includes specialists from our M&A Advisory and Transaction Services teams, with back up provided by colleagues in transactional tax. We work with sellers, strategic buyers, private equity and lenders across the full spectrum of transactions, domestically and internationally.
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“Against a continuing backdrop of political uncertainty, I am pleased that 2017 was another very strong year for our M&A Advisory and Transaction Services teams. A particular highlight was supporting Aliter Capital on completing three acquisitions since closing its fund in January 2017. Given our current pipeline of opportunities and several imminent deal completions, we look forward to the rest of 2018 with confidence.”

Craig Martin, Transaction Services Partner

Deal highlights

Logo Iomart

BDO advised iomart Group plc on three acquisitions in 2017, bringing the total number of deals we have advised our long standing cloud solutions client on to 12.

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BDO advised the shareholders and led the sale of YouTrain Ltd to GP Strategies, a US listed training provider.

Logo Aliter

BDO advised support services specialist Aliter Capital on its acquisitions of WT Parker Group, PEME and SPEC, by providing financial, tax and pensions due diligence and tax structuring advice.

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BDO provided financial and tax due diligence and tax structuring advice to Cairngorm Capital on its acquisition of Thornbridge Sawmills Limited, one of Scotland’s leading timber merchants.

What our clients say about us

"We chose BDO because as a Scottish-based business, we wanted to work with a firm who have global and UK-wide reach but would run the process locally.  BDO inspired confidence from the start; they set out clear timelines, designed an excellent Information Memorandum, sourced several serious potential buyers and secured terms which were attractive for the shareholders. They project managed the process through to completion with great attention to detail and were a pleasure to work with." 

 Duncan MacLeod, YouTrain, Managing Director & Majority shareholder

“The acquisition of WT Parker was a transformational deal for Edwin James Holdings, providing scale and UK coverage for the group. We appointed BDO to carry out the financial, tax and pensions due diligence, with the BDO team working closely with the Aliter team through to the successful completion of this deal. The BDO approach was very impressive and the level of communication and focus ensured the required deadlines were achieved. We would not hesitate in using BDO to advise on future transactions.”

Greig Brown, Aliter Capital LLP, Partner