Caution on company deals to ease after General Election, says Grant Thornton corporate finance boss

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Market conditions for company deals should improve in the second half of the year after the General Election is settled, the boss of Grant Thornton’s corporate finance team in the North has said.

Pete Terry, Partner and Northern Head of Corporate Finance for Grant Thornton, said whatever the outcome of General Election, increased certainty about the political environment is likely to make market conditions more favourable. “Despite the political and economic uncertainty that has been a prevalent for some time, deals have continued to be completed in the mid-market,” he said.

In the most significant deal, the team led by Mr Terry advised the shareholders of provider of heating, energy saving and renewable solutions Next Energy on its significant investment from FTSE 100 business DCC plc. Based in Merseyside, Next Energy has become one of the UK’s fastest growing renewable energy installers, supporting local authorities and housing associations with reducing energy costs, improving efficiency and rolling out renewable energy measures in social housing stock.

 

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