Our corporate and commercial teams completed deals totalling more than £100 million in the last year, despite the challenging economic environment.
The corporate team led by partner Jeremy Orrell and commercial team led by Kaye Whitby, clocked-up the figure across 26 deals. It marks a rise of some £70 million from last year’s total deals value for the firm.
Significant work in 2012 included the sale of Macclesfield IT asset management firm Mattelli to global IT solutions distribution leader Avnet Technology Solutions – part of the Fortune 500-listed Avnet Inc organisation; as well as advising North West property surveyor Dixon Webb on its acquisition by the UK’s largest independent commercial property consultant GVA.
Our firm, which offers services advising corporates, SMEs and owner-managers across a full range of sectors, have seen a particular increase in activity in the environmental and recycling sectors, most recently helping North Wales based energy reduction business SenseLogix on securing a £1million investment package.
Commenting on the figures, Jeremy Orrell said: “This figure represents a really solid pipeline of work for us over the last 12 months. Despite the continuing economic uncertainty, confidence is becoming more widespread and businesses are thinking more about positioning themselves for growth.”
The news follows the announcement that all the offices, in Stockport, Macclesfield, Chester and Congleton, beat the highest ever monthly fee income record three times last year after strong growth across all practice areas.
The performance of the firm, now with 25 partners and 65 lawyers, means we are on track to post more than £6.5 million turnover in the year to April 2013 – more than a 10% increase on the £5.9 million turnover posted in April 2012.
Chief Executive of SAS Daniels, said: “Our corporate and commercial team has had a superb year and is continuing to buck the downward trend on deals activity. The firm as a whole boasts a strong client base and, with the growth plan for the firm already bearing fruit, we are on track to strengthen and grow even further over the coming year.”
This news also appears on the Insider (North West) website, here.