Since the beginning of the year Milsted Langdon’s Corporate Finance team has seen a significant increase in overseas buyers entering the local market and seeking to acquire quality companies in the region. In January 2019 our Corporate Finance team assisted the shareholders of Wellington based Southern Microbiological Services with their successful acquisition by leading German laboratory business, Tentamus GmbH. Since then, overseas interest has been something of an ongoing trend , with UK businesses seeking overseas companies to consider making lasting strategic alliances and establishing a foot holding in the UK, which is fuelled no doubt by the possibility of the UK’s exit from the European Union.
Deals are currently being negotiated between businesses in and around Taunton and buyers not just in Europe (including Germany and the Netherlands), but much further afield – North America and Oceania.
Common commercial themes driving overseas interest include obtaining ready made local centres of excellence, corresponding access to new markets and servicing them at the highest quality determined by internationally recognised accreditations. Furthermore, businesses having field-leading product or service offerings present excellent opportunities for cross-pollination.
Corporate Finance Partner Susannah Adams commented: “The Corporate Finance team at Milsted Langdon advises businesses throughout the region on matters such as expansion, succession and strategic direction, as well as the trends which come and go. It is certainly interesting to observe and participate in this current trend, and it is indicative of the fact that the West Country boasts many businesses which excel in their chosen field, thus putting them on the strategic radar of significantly larger overseas trading partners.
“Milsted Langdon is part of the MGI global network of independent accountants, which means we have access to country specific information, local knowledge and skills, giving us a competitive edge when advising in these situations.
“If you are aware of a strong overseas trading partner, and would like to explore the possibility of working with them on a more formalised basis, please get in touch to explore your options.”