The law firm supported a record-breaking level of business during 2023.
Law firm Shakespeare Martineau's corporate and banking teams have supported a record-breaking £4.6bn worth of deals during 2023, including more than a quarter of a billion pounds in the East Midlands alone.
Experts in mergers and acquisitions, fast-growth businesses, funding and finance, Shakespeare Martineau’s national team of more than 80 lawyers enjoyed an increase in activity and value in 2023. Sector highlights include energy, infrastructure and renewables, technology, med tech and healthcare.
Deals from the East Midlands team included multiple consolidations in the social care sector, financing med tech innovation and an acquisition by Defaqto-owner Fintel.
Duncan James, partner at the firm’s Nottingham hub, said: "2023 has been a good year for our East Midlands corporate team, particularly in the health and social care sectors and we’ve seen a great deal of consolidation and investment in the technology and innovation space.
"In 2024, I’m expecting notable deal making to continue in healthcare and social care, and suspect we’ll see an increase in activity in infrastructure and renewables and digital and technology in the East Midlands – particularly with international investors and buyers."
In addition to larger deals, the firm’s corporate team is taking on significantly more complex deals, such as Helm Godfrey’s sale to Hurst Point Group in 2023, and the takeover of gold mining company Tulla Resources. The firm’s single largest deal came in at £1.2 billion for an undisclosed fund manager.
Michael Stace, partner and head of corporate, said: "The calendar year of 2023 was another strong year for our corporate team. Despite the challenging market conditions and the fact that most transactions are taking longer to close, we managed to increase both the volume and value of matters we advised on in 2023 compared to 2022.
"I am very proud of this achievement given the UK M&A market actually experienced a material reduction in volume and value in 2023, and it is testament to the hard work of our national team and the investments we have made in it.
"2024 will be an interesting year but we remain optimistic, are still seeing a decent level of activity and new enquiries and have plans for further investments."