Specialist business advisory firm FRP has reported a record 12 months during which its corporate finance and debt advisory team advised on 81 transactions with a combined enterprise value of GBP1.9 billion.

The news follows a record period of growth for the firm, which has seen its corporate finance and debt advisory team treble in size following a number of strategic acquisitions and senior appointments. The acquisition of JDC in September 2020 and Spectrum Corporate Finance in March 2021 added further expertise, sector knowledge and capability to the team. Whilst a series of senior appointments added strength and depth across FRP’s nationwide office network, bringing the combined corporate finance and debt advisory team to 50 fee earners, including 19 partners.

To mark the team’s growth, FRP has now launched a new brand – FRP Corporate Finance – to bring together its strategic support and advice for owner-managed businesses and their funders across the UK mid-market. This includes supporting clients with acquisition finance, capital raising and refinancing projects.

Clive Hatchard, partner at FRP Corporate Finance, says: “The year started with a major boost to mid-market M&A activity, driven by concerns over tax rises in the March budget which led to record levels of transactions in the first quarter of 2021. Despite this early, tax-driven activity we have continued to experience an exceptionally strong M&A market across all aspects of disposals, debt advisory and buyside advice. This real uptick in activity is being supported by many private equity investors seeking to deploy pent-up capital to support businesses as they began to bounce back post-pandemic, as well as corporate balance sheets and debt funds with high levels of liquidity.

Read more/Source: Private Equity Wire