RSM deal advisory team enjoys bumper year in Scotland

12 January 2022 1 min. read

Over the last 12 months, RSM UK has reported a spike in activity in Scotland. The firm’s Scottish branch advised on over 30 deals through 2021, with a combined value of over £400 million.

Angela Toner, of RSM UK, commented, “Activity in the Scottish market remains strong, and I am delighted that our dedicated financial services transactions team in Scotland is now well established as a key adviser to high profile consolidators in the very active wealth management sector.”

RSM UK is a provider of audit, tax and consulting services to middle market businesses. It is the seventh largest business advisory firm in the UK. When merger and acquisition activity surged last year, as firms sought to pivot during the pandemic by purchasing firms with new capabilities, this positioned RSM well to make the most of the heightened demand.

RSM deal advisory team enjoys bumper year in Scotland

With deal values also spiking, according to the professional services firm, the deals it advised on in Scotland were worth 75% more when compared to last year, or an increase of 228% when compared with pre-pandemic levels. Among the high-profile deals RSM advised on in Scotland last year, its specialists working with Oaktree Capital on its $140 milllion acquisition of Sanlam Wealth.

RSM also collaborated with Independent Wealth Planners on more than 10 transactions. Meanwhile, the team is understood to have advised on Scottish deals including the sale of Axios Systems plc to IFS, Circularity Capital’s investment in P2i, the acquisition of Roylance Pharma by US client Infinity BiologiX – and assisted with the Aim listings of Calnex and Parsley Box.

Looking ahead, the contributing factors to this feeding frenzy of M&A activity are continuing – meaning RSM might expect to see more of such activity in the coming year. Toner added that, “With high levels of liquidity in the market and continued low interest rates, the level of cash in the market will continued to drive strong levels of M&A activity into the New Year."