Cortus Advisory: Pioneering Value Creation in UK Mid-Market M&A

Advisor News | Jun 13, 2025 | Cortus Advisory

Cortus Advisory: Pioneering Value Creation in UK Mid-Market M&A

The article highlights the evolving landscape of value creation in the UK's mid-market M&A sector. In an environment marked by compressed valuations and heightened financing costs, traditional mechanisms like multiple arbitrage and cheap leverage are giving way to strategies centered around operational excellence and technology-enabled transformation. Private Equity firms are now focusing on sustainable operational improvements as the key driver of returns. Jim Mackway of Cortus Advisory elaborates on how forward-thinking investors are prioritizing digital transformation and AI to streamline operations and fuel growth. This shift necessitates a redefinition of middle management roles, emphasizing the orchestration of AI agents over traditional people management. The article underscores the importance of fostering an innovation culture and the role advisors play in pre-deal strategic planning through to post-deal integration and value realization. Cortus Advisory positions itself as a pivotal player offering strategic and operational support to businesses and investors throughout the M&A lifecycle.

Sectors

  • Private Equity
  • Mergers and Acquisitions
  • Digital Transformation

Geography

  • United Kingdom – The article specifically discusses the UK mid-market M&A sector, focusing on changes and strategies relevant in this geographical area.

Industry

  • Private Equity – The article centers on the evolving strategies within Private Equity firms focusing on value creation through operational excellence and technology.
  • Mergers and Acquisitions – The article discusses the current trends and necessary strategies in M&A for UK mid-market businesses aiming for value realization.
  • Digital Transformation – Digital Transformation is a key aspect of the article, highlighting its role in driving productivity and operational efficiency in M&A.

Financials

  • 7.6x – The median EV/EBITDA multiple for UK mid-market transactions as of early 2025.
  • 9.2x – The median EV/EBITDA multiple for UK mid-market transactions in 2021.

Participants

NameRoleTypeDescription
Cortus AdvisoryCorporate AdvisoryCompanyCortus Advisory is a firm providing strategic and operational support throughout the M&A lifecycle, blending big-firm experience with boutique-level flexibility.
Jim MackwayLeader of Synergies, Integration & Separation (SIS)PersonJim Mackway leads the SIS offering at Cortus Advisory and provides insights into the evolving strategies for value creation in M&A.