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PwC

In association with
Paul Mankin

North East deal activity bucks the trend in 2011 Jan 24 2012

FOLLOWING the post financial crisis lull in 2009, North East deal activity remained weak throughout 2010. Despite some trepidation following the new coalition government's VAT increase and 2011 being the first year of tightening public budgets, local deal activity increased during the first half of 2011 and the momentum was maintained throughout the year as private equity buyers as well as strategic buyers returned to the market.Read

Three disposals in three months Jan 24 2012

FOLLOWING PwC's appointment as primary financial adviser on Pfizer's global site divestment programme in 2010, the Newcastle corporate finance team has now completed the disposal of three sites as part of this global mandate.Read

New private equity partner for Aesica Pharmaceuticals Jan 24 2012

AESICA Pharmaceuticals Limited (Aesica) is a pharmaceutical contract manufacturing organisation (CMO) headquartered in Newcastle. The company was initially founded in 2004 following the LDC-backed management buyout (MBO) of BASF’s production facility in Cramlington, Northumberland. The MBO was led by the current chief executive, Dr Robert Hardy.Read

Successful IBO completed in two months Jan 24 2012

GEMS International NV (GEMS) is a world leader in the provision of geotechnical, geophysical, survey and metocean services to the global oil and gas, telecommunications, renewable energy, port and harbour and dredging industries. Although the company is registered in Belgium the majority of its operations are based in South West England with overseas operations in Nigeria, Egypt, Qatar, Abu Dhabi and Kazakhstan.Read

Fast growing Tekmar secures new investment Jan 24 2012

TEKMAR ENERGY LIMITED (Tekmar) is a designer and manufacturer of subsea cable protections systems for the offshore wind energy sector. The Newton Aycliffe-based company was founded in 2007 and has quickly established itself as the market leader providing a unique and innovative system for the protection of subsea inter-array and export cables.Read

Efficiency drive for the NHS Jan 24 2012

OUR transaction services team has provided support to a number of NHS trusts in relation to the Transforming Community Services (TCS) agenda.Read

AIM companies are surprisingly confident Jan 24 2012

LAST year was a significant year for North East PLCs. Over the 12 months we lost five listed companies; Eaga, Wellstream, Northumbrian Water, Southern Cross and Romag. Read

Spoiling the party: tax and deal costs Jan 24 2012

WHICH hits the floor first after a big deal – the Champagne cork or the advisers’ invoices? Whichever it is, one thing for sure is that the first questions asked of tax advisers shortly afterwards are “can we reclaim the VAT?” and “how much can we treat as tax deductible?”. These are important questions because for every £100,000 of gross professional fees, around £40,000 of VAT and tax relief is at stake.Read

Lead role in the sale of TMD Friction Jan 24 2012

THE transaction services team in Newcastle provided financial, operational and tax due diligence support to the London-based private equity firm Pamplona Capital Management on its sale of TMD Friction to Japanese company Nisshinbo Holdings Inc.Read

To lock or not to lock? Jan 24 2012

THIS is a question which should arise on any disposal process. The choice of pricing mechanism included in a sale and purchase agreement (SPA) can have a real impact on the monies received for a business.Read

Creating an agile enterprise is critical to future success Jan 24 2012

UK MARKETS are increasingly volatile and likely to be tough for some time. The economic outlook suggests that the UK is in for a period of relatively low growth. Read

Double win for PwC at North East Dealmakers Awards Jan 24 2012

In September 2011 Paul Mankin was awarded Corporate Finance Adviser of the Year and was shortlisted for the main prize, Dealmaker of the Year at the Insider North East Annual Dealmakers Awards. The event celebrates the successes of the top finance teams in the region and was attended by 300 finance professionals at the Marriot, Gosforth Park Hotel.Read

Angel of the North

Uncertainty slows completions on deals but 2010 values rise Jan 25 2011

DESPITE a strong start to the year and total deal volumes being up on the previous year, deal activity remained subdued towards the end of 2010, with the majority of interest in North East companies being shown by UK-based and international trade buyers.Read

Outlook for mergers and acquisitions Jan 25 2011

DUE to the slump in M&A activity post Lehmans, many Private Equity houses have had to hold onto their investments for longer than anticipated. 2010 was therefore characterised by a number of PE houses looking to realise investments.Read

PwC advising Pfizer on sell-off Jan 25 2011

IN May 2010 Pfizer Inc (Pfizer), the world’s largest research-based biomedical and pharmaceutical company, appointed PwC's UK corporate finance team as primary financial adviser on its global divestment programme.Read

New partner Paul Mankin hails signs of recovery Jan 25 2011

PAUL Mankin, long-standing head of corporate finance for PwC in the North East was made a partner in July last year.Read

Northumberland firm Fone Logistics sold on Jan 25 2011

IN June PwC advised the vendors on the sale of Fone Logistics, a mobile telecommunications business to Daisy Group plc for a headline consideration of £3.6m.Read

Successful year for Middlesbrough-based Wilton Jan 25 2011

LAST year was a successful one for Middlesbrough-based Wilton.Read

Bringing clarity to management systems Jan 25 2011

MANY businesses now operate in networks spanning multiple locations and entities. This has made these organisations more complex and thus more difficult to manage.Read

Signs of life in private equity Jan 25 2011

DURING the 2009 credit crunch, large parts of the private equity market ground to a halt. There was a marked reduction in the number of new funds started and trading of existing holdings fell significantly.Read

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