RSM invests in Scottish transactions team due to uplift in deal activity

RSM’s corporate finance practice in Scotland has seen a doubling in deals activity when compared to last year - despite an unprecedented economic landscape due to the impact of COVID-19.

The Scottish corporate finance team has advised on over 40 transactions in the last 12 months, including the Calnex IPO; Mattioli Woods plc’s acquisition of Hurley Partners Limited, and several acquisitions by Independent Wealth Planners both in Scotland and UK wide.

Following a busy transactional period, RSM has also invested in talent with two new appointments to the Scottish team. Ben Wright and Igor Noonan joined as an associate and executive, respectively, within the financial due diligence team.

The regional appointments are in addition to several new hires nationally, from executive up to partner, highlighting further investment in the corporate finance offering across the UK, in addition to our nationwide graduate programme.



Angela Toner, head of due diligence in Scotland and Northern Ireland, said: “After the initial shock of COVID-19, the deals market recovered well; and in some ways exceeded expectations with the levels of activity. Despite the pandemic, high profile transactions such as the Calnex’ IPO, the first AIM listing in Scotland since 2018, got over the line and we have seen a number of PE backed transactions too

“Consolidation in the wealth management and IFA sectors; the threat of capital gains tax increases before the UK Budget; and private equity liquidity have all accelerated deal activity; so, it’s great to welcome to Ben and Igor to the team.

“We regularly feature in the top most active advisors and factoring in all UK and cross border deals, that we also advise on, shows the true picture of a very busy team; and investment is crucial to ensure we are best placed to support clients looking to progress deal activity here in Scotland, in the UK and internationally.”

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