Lexington Corporate Finance has advised on merger and acquisition deals with a value of more than £150m in less than a six-week period, with a strong pipeline identified.
The Cardiff-based firm’s best ever deal flow performance in the time frame, comes on the back of a strong start to 2023, which saw the firm join Eaton Square – an international membership of corporate finance advisers – and following a financial year that saw it complete 10 transactions.
Deals in the last six weeks include advising on the acquisition of one of the UK’s largest independent metals recycling operators, Peterborough Metals Recycling, by Derbyshire-based KJB Global Consulting, as well as the sale of Cardiff-based drug, alcohol and steroid testing service Cansford Laboratories to Phenna Group – both of which concluded in April.
In March Lexington advised the management team of Cardiff-based maritime tech firm Idwal Marine Services which saw private equity firm LDC make an eight-figure equity investment. It also acted as the corporate finance adviser to the shareholders of Cardiff-based SCS Engineering, a leader in smoke control solutions for residential and commercial buildings – to Swedish firm Systemair.
Gary Partridge, managing director at Lexington, said: “The appetite for M&A (merger and acquisition) continues to be high amongst acquisitive corporate entities, and we have seen continued overseas interest in quality businesses.
“There have been some headwinds at the start of 2023; however, Lexington has demonstrated that there are deals to be done with the right positioning and market approaches. Financial investors have capital to deploy and are looking for inventive ways to realise a return for their investors, which leads to interest and exciting deals across targeted sectors. Our pipeline remains strong and we expect to continue demonstrating our success throughout the rest of the 2023 calendar year.
“We envisage deal volumes to remain for premium businesses and acquisition appetite for corporates and private equity will remain high, which is why we continue to invest in our business and team.”
Read More:
