Leading audit, tax and consulting firm RSM has been awarded the International Deal of the Year accolade for the sale of Fragrance Oils to Givaudan SA in Switzerland, at Insider’s North West Dealmakers Awards 2020.
The delayed 2020 ceremony took place on Thursday 29 April and celebrated the achievements of North West M&A professionals. The event had been due to take place at Victoria Warehouse but due to Covid-19 restrictions it took place as an online forum.
The judges said this deal was an example of how it isn’t just about the trendy sectors and the panel were impressed by this manufacturing deal. RSM provided vendor due diligence in connection with the transaction, together with sell-side assistance services.
The RSM corporate finance team was also shortlisted for Mid-Market Corporate Finance Team of the Year; Transaction Services Team of the Year; Deal of the Year (sub £10m); and Deal of the Year (£10-£50m).
Stephen Green, financial due diligence partner at RSM, said: ‘It’s an honour to win International Deal of the Year. The accolade is testament to the expert team we have in place that not only delivered the complex, cross-border deal; but did it during unprecedented times.
‘Despite a global pandemic and an unprecedented economic shock, we’ve seen a sizable uptick in deal activity, with the threat of capital gains tax increases before the UK Budget and private equity liquidity accelerating deal activity.
‘Despite not being able to celebrate face-to-face; the virtual event was a great opportunity to acknowledge the strength of the deal markets in the North West; which continues to go from strength to strength.’