EY announces the acquisition with Frank Hirth Plc & more…Keep up with what has been happening in our latest accountancy news round-up…
RSM’s corporate finance team has been named most active M&A financial advisers in the South East in the latest Experian data for 2021 Q1. RSM also clinched the second spot in the Midlands and Yorkshire and the Humber. Kirsty Sandwell, partner and head of corporate finance at RSM comments: ‘After the initial shock of Covid-19, the deals market has recovered well; and in some ways exceeded expectations with the levels of activity. Technology, infrastructure and businesses who have benefited from government spend exceeded expectations, private equity liquidity and the threat of capital gains tax increases has also driven activity.’
EY has today announced the acquisition of the business of Frank Hirth Plc (Frank Hirth), a market leading firm providing UK and US personal tax services, which is highly regarded in the private client business market. 195 employees, serving 4,000 clients of Frank Hirth, will form part of the acquired business, soon to be operating as EY Frank Hirth Limited, and will join the EY Private Tax teams.
Azets, an international accountancy group, which offers it’s services to small and medium-sized businesses have announced plans to create 250 new jobs in Scotland over the next fiver years, in the hope to increase growth by 50% in the north by 2026.
A spike in M&A deal volumes was witnessed in Q1 2021, with 776 completed transactions marking the highest level seen for 13 years as private equity confidence soared according to BDO’s latest PCPI / PEPI* quarterly report.