Mergers and Acquisitions Update

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The M&A market is starting to show some glimmers of improving activity. Having come through some traumatic times, the landscape for M&A activity has recently shifted. Many companies have been carefully managing their activities and strengthening the balance sheet. This has created a position of power for many businesses where cash is available for acquisitions, particularly where this will allow any existing business risks to be diminished.

For businesses owners that are looking to sell, the current environment is also potentially very attractive, with many companies not surviving the recession, there are less good targets for potential buyers. This, with the right advice, can lead to higher values being achieved and advantage taken of the current tax regime for private company owners.

About Tim Mills

Fellow of the Association of Chartered Certified Accountants Tim was educated at Bury Grammar School and Sheffield Hallam University where he obtained a degree in Accounting and Management Controls. After qualifying in 1998 with an independent practice in Lancashire, Tim moved to a medium sized firm of Chartered Accountants based in York and Leeds, where he was a senior manager in the corporate finance department. After more than seven years working in the Yorkshire region, Tim and his family decided to move back to the North West and Tim joined Pierce in January 2007. He was named Young Dealmaker of the Year at the 2010 Insider Dealmakers awards and was made an Associate Director in 2011. Tim is part of the corporate finance team, specialising in lead advisory including acquisitions, disposals, finance raising and financial due diligence. In addition to advising established businesses, Tim sat on an advisory panel for new start up technology businesses, allowing him to develop an excellent understanding of what potential debt and equity providers are looking for when deciding to support new businesses. Tim is married with two young children and his interests away from work include football, golf and horse racing.

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