RSM Scotland Advised on Record Deals in 2021
The Scottish office of Audit and tax consulting firm RSM has advised on more than 30 deals last year, with a combined value of more than £400 million.
The firm claim this is a 75% increase compared to 2020.
The Scottish team advised Oaktree Capital on its $140m acquisition of Sanlam Wealth.
Angela Toner, transactions partner at RSM UK, said: “I am delighted that our dedicated financial services transactions team in Scotland is now well established as a key adviser to high profile consolidators in the very active wealth management sector.
“With high levels of liquidity in the market and continued low interest rates, the level of cash in the market will continue to drive strong levels of mergers and acquisitions activity into the New Year.”
She added: “However, resource constraints across the advisory sector are what is holding back the industry.
“Expert services such as data analytics, financial modelling and due diligence remain in high demand. Buyers will need to continue to factor capacity issues into deal planning throughout 2022.”
RSM has also appointed new partners, with Alan Brown to its restructuring team and James Strang in the tax team.
