Grant Thornton East Midlands reports hike in corporate deal volumes

(left to right): Dealmakers at Grant Thornton Andrew Lane (Associate Director), Mohammed Muraj and Paul Kithoray (Director) are reporting a hike in deal volumes.

Dealmakers at the East Midlands regional office of business and financial adviser Grant Thornton have advised on ten transactions in as many months.

The deals handled by the Transaction Advisory Services (TAS) team based at Grant Thornton’s East Midlands office have ranged from vendor due diligence on company sales, to development capital investments by private equity in fast growth businesses.

Amongst the most recent deals was the Foresight Group’s £2.5 million growth capital investment into Loughborough company Accrosoft Limited, a software service company founded in 2008 by Alex Khabiz and Mitesh Chauhan.

“There has been a noticeable increase in the volume of development capital Private Equity deals in particular,” comments Director and financial due diligence adviser Paul Kithoray who leads the East Midlands TAS team.

“We’ve bolstered our local team with the recent hire of Mohammed Muraj who joined us from KPMG and is the latest addition to Grant Thornton’s market leading 30-strong Advisory team covering the Central and East England region, and which locally includes the highly experienced Associate Director, Andrew Lane.”

Kithoray, who returned to Grant Thornton at the end of 2017 to establish the Transaction Services team in the East Midlands, adds: “In the last year, we have seen a high volume of deal activity and provided due diligence services on a mix of transactions from corporate acquisitions, to business sales and Private Equity investments, such as the Foresight Group’s investment in Accrosoft.

“Continuing to grow our team signals our commitment to providing distinctive, excellent transaction support services to mid-market, dynamic, ambitious businesses in the East Midlands.”