Lexington Corporate Finance has advised on more than £150m worth of deals in less than six weeks – a record in that period for the Cardiff-based firm.
The news comes off the back of an already successful start to 2023, which saw the firm join Eaton Square – an international membership of corporate finance advisors – and following a financial year that saw the team complete ten transactions nationwide.
Its deals in the last six weeks include advising on the acquisition of one of the UK’s largest independent metals recycling operators, Peterborough Metals Recycling, by Derbyshire-based KJB Global Consulting; as well as the sale of Cardiff-based drug, alcohol and steroid testing service Cansford Laboratories to Phenna Group – both of which concluded in April.
Meanwhile, in March, Lexington advised the management team of Idwal Marine Services on its successful partnership with LDC; in addition, it acted as the corporate finance advisor to the shareholders of SCS Engineering Limited – a UK-based leader in smoke control solutions for residential and commercial buildings – on its sale to Sweden-based Systemair AB.
Gary Partridge, managing director at Lexington, said: “The appetite for M&A continues to be high amongst acquisitive corporate entities, and we have seen continued overseas interest in quality businesses. There have been some headwinds at the start of 2023, however Lexington has demonstrated that there are deals to be done with the right positioning and market approaches. Financial investors have capital to deploy and are looking for inventive ways to realise a return for their investors, which leads to interest and exciting deals across targeted sectors. Our pipeline remains strong and we expect to continue demonstrating our success throughout the rest of the 2023 calendar year.
“We envisage deal volumes to remain for premium businesses and acquisition appetite for corporates and private equity will remain high, which is why we continue to invest in our business and team. Our continued, sustainable growth is underpinned by our dealcraft knowledge, experience and expertise, which we feel truly sets us apart from our competition.”