Business and financial adviser Grant Thornton in Birmingham has boosted its senior leadership team with the promotion of Alex Hyde to partner.
Hyde moved to Birmingham from London in 2010 to head up the firm’s local Transaction Advisory Services team. The office now has twelve full-time financial due diligence specialists, with additional support from the transaction tax team in Birmingham as well as dedicated due diligence specialists based in the East Midlands. The growth of the team has contributed to Grant Thornton topping the 2017 Experian MarketIQ league table of financial advisers by volume of deals nationally.
Over the last eight years Hyde has advised on numerous high-profile local transactions including vendor due diligence on the £280m acquisition of Kee Safety by Investcorp; the acquisitions of Wick Hill and Zycko by Nuvias, the high value distribution business being built by Rigby Private Equity; the MBO of Creative Video Productions; Avingtrans plc’s acquisition of Hayward Tyler plc; Connection Capital’s investment in Clamason; Palatine’s investment in TTC and the AIM IPOs of Purplebricks and Patisserie Valerie.
Hyde said: “In the first half of 2018 we have seen good levels of deal flow, with a healthy mix of work for corporate acquirers, private equity investors, banks, vendors and IPO aspirants across a wide range of sectors. The pipeline for the second half of the year also looks strong and whilst there are some Brexit-shaped clouds on the horizon, the quality of businesses and management teams across the Midlands plus the fundamental strategic growth drivers for mid-market businesses should enable this trend to continue.”
David Hillan, practice leader at Grant Thornton in Birmingham, added: “Alex is very well- respected in his field of expertise locally and his promotion to partner is richly-deserved. Given the vibrancy of the regional economy, the quality of our Transaction Advisory Service team and our brand recognition we are well placed to continue and build on our work with clients across the Midlands who have clear and determined ambitions to grow. Alex will now play an increasing role in helping them do just that.”