Record-breaking year for the Hazlewoods Corporate Finance team

Cheltenham-based accountants Hazlewoods' Corporate Finance team is celebrating completing an impressive £1.5 billion of transactions in 2022.

Deal values were up 42.6 per cent on 2021, and it is the second year in a row that the Gloucestershire-based accountants and business advisers have beaten their previous year's results.

During the 12 months to 31 December 2022, 165 transactions were completed, with deal value at an all-time high for the firm, totalling £1.531 billion.

While a quarter of the deals in 2022 related to South West-based companies, the firm also has a national and international reach - 75 per cent of transactions had a UK-wide or overseas connection.

Hazlewoods Partner, Paul Fussell, said: “This is a fantastic achievement for the team and firm as a whole, despite the challenging macroeconomic conditions during the second half of last year."

"We have been working on projects that are increasingly large, complex and high-value, with our 2022 performance reflecting the confidence that business owners have in us to deliver a quality service."

James Morter, Partner, added: "It underpins our hard work, dedication and innovation across the sectors. 2023 is shaping up to be a busy and exciting year in M&A, with our specialist Corporate Finance team helping even more clients to buy and sell businesses."

Rich Grover, Director, said: "Stability is returning to the market more quickly than many anticipated. Whilst interest rates are higher than we have been used to in recent years, they are not exorbitant in comparison to long run averages."

"Trade acquirers with cash on their balance sheets are seeking strategic acquisitions, and private equity houses are compelled to find attractive acquisition targets to deliver a return for their investors."