EY advises on impressive North of England M&A transactions
Deal News | Jan 31, 2025 | B Daily
In the final quarter of 2024, professional services firm EY facilitated mergers and acquisitions worth over £500 million across the North of England. The firm acted on eight key transactions primarily in the technology and energy sectors, including advising Oakley Capital on its investment in cybersecurity company Assured Data Protection. Other notable deals involved EY's advisement of LMF Energy Services securing capital from Soho Square Capital, as well as Aspire Technology Group's acquisition of services from IT provider Cloud CoCo Limited. EY also oversaw ECI's investment in software company CMap and facilitated the sale of Liberty to Wates Group. Additionally, Moneypenny's refinancing with Macquarie was among the transactions supported by EY. Ben Coggin, a partner at EY, highlighted the optimistic outlook for continued activity in these sectors, expecting further deals in 2025. Mark Clephan, EY's UK corporate finance leader, emphasized the firm's commitment to supporting private and regional business transactions.
Sectors
- Technology
- Energy
- Professional Services
Geography
- United Kingdom – The article discusses M&A transactions facilitated by EY in the North of England.
Industry
- Technology – Involves transactions related to technology firms, such as the investment in cybersecurity company Assured Data Protection by Oakley Capital.
- Energy – Deals in the energy sector included activities like LMF Energy Services securing backing from Soho Square Capital.
- Professional Services – EY, a professional services firm, provided corporate finance advice, due diligence, and tax structuring.
Financials
- £500 million – Total value of M&A transactions advised by EY across the North of England in the final quarter of 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EY | Advisor | Company | EY provided advisory services in multiple M&A transactions during the period. |
| Oakley Capital | Investor | Company | Invested in cybersecurity company, Assured Data Protection. |
| Assured Data Protection | Target Company | Company | A cybersecurity company that received investment from Oakley Capital. |
| LMF Energy Services | Target Company | Company | Secured backing from Soho Square Capital. |
| Soho Square Capital | Investor | Company | Private equity group backing LMF Energy Services. |
| Aspire Technology Group | Acquirer | Company | Acquired services from IT provider Cloud CoCo Limited. |
| Cloud CoCo Limited | Vendor | Company | IT provider that sold services to Aspire Technology Group. |
| ECI | Investor | Company | Made an investment in software provider CMap. |
| CMap | Target Company | Company | Software provider that received investment from ECI. |
| Liberty | Target Company | Company | Sold to Wates Group. |
| Wates Group | Acquirer | Company | Acquired Liberty. |
| Moneypenny | Refinancing Participant | Company | Underwent refinancing with Macquarie. |
| Macquarie | Financer | Company | Involved in refinancing Moneypenny. |