Law firm Foot Anstey has reported a "successful" first half of the year, having completed numerous corporate and private equity-backed deals despite a difficult economic environment for transactions.
The South West-based organisation, which has offices in Plymouth, Bristol, Exeter, London, Southampton, Taunton and Truro, said it has continued to see an increase in the size and complexity of transaction with many deals taking on an international element. The team at Foot Anstey has reported numerous large-scale transactions in the first half of 2023 "demonstrating its ability to identify strategic opportunities", execute transformative transactions, and drive sustainable growth across various sectors and across borders.
Deals included Helston Garages Group, where Foot Anstey advised the shareholders of the family-run business on a sale to Vertu for £182m. Elsewhere the South West law firm supported the management team at ERS Transition, trading as ERS Medical, on its acquisition by Surrey-based E-zec Medical Transport Services.
Foot Anstey advised fast-growing mid-market private equity firm Stanley Capital Partners on the acquisition of US-based Commonwealth Informatics by its portfolio company Qinecsa Solutions UK. It also advised The Fry Group, an international wealth management company, on its sale to Progeny, the UK-based independent financial planning, asset management, tax, HR and private and corporate legal services firm.
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Matt Stoate, head of corporate and private equity at Foot Anstey, said: "The first half of 2023 has not been the most prolific for deals in the private equity industry, with many funds focusing on active management of their portfolios. This plays to the strengths of the team at Foot Anstey. Our ability to adapt, leverage new technologies, and identify promising investment opportunities has been crucial to our success. We remain committed to driving innovation, fostering sustainable growth, and creating value for clients."
Duncan Sykes, partner in Foot Anstey's corporate team, added: "We have been delighted to advise owners of some of the largest entrepreneurial private companies in our region on their exits.
"In many instances we have advised the companies themselves over many years assisting them with their organic growth, growth through acquisitions and ultimately the lead-up to the exit process. Our ability to understand and advise on both corporate aspects and personal enables us to deliver complex transactions often with an international element.."
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