The corporate team at Penningtons Manches advised on a record number of deals in 2017 and saw the value of those deals rise by 27%. The practice, which has a significant presence across London, Oxford, Cambridge, Reading, Guildford and Basingstoke acted in a total of 140 deals with an aggregate value of £1.5 billion.
Partner Simon Bickerdike said: “We’ve seen a healthy increase in M&A and fundraisings for the second year in a row. We’re really happy with the progress we’ve made and the signs for 2018 are equally promising."
Commenting on the growing proportion of international transactions, partner Matthew Martin added: "Global appetite and favourable US tax policies may well encourage US companies to put capital to work in the M&A market.”
The deals completed by the team span a number of sectors with a particular focus on technology, fintech and life sciences. Other sectors included engineering, retail, leisure and publishing.
Significant transactions included: