Banking Transaction Updates - January 2023
2022 has certainly been a year of two halves for our banking and finance practice.
Despite financial challenges in the economy including, inflation, rising interest rates and supply chain issues, we had a very strong year up until September. Our deal volumes were up 10% year on year at that point. The rest of 2022 was certainly more turbulent and we undoubtedly saw a sudden hit to confidence in the transactional market due to the sudden rise in interest rates and political uncertainty following the mini-budget.
But there are some real positives on the horizon for 2023. There continues to be no lack of liquidity particularly with debt funds and alternative debt providers having good appetite to fund transactions and we expect asset-based lending to pick up. We are also seeing strong demand to fund businesses in key sectors (including tech, wealth management, infra and health) and we are seeing a significant amount of green finance now available on attractive terms. We also sense that a degree of 2023 deal activity will be driven by the possibility/probability that Capital Gains Tax could increase after the next general election.
Despite the challenging economic backdrop, we have maintained a good pipeline throughout 2022 and are witnessing early signs that the economy is stabilising. Deals certainly moved with slower momentum leading up to the year-end but we do now see the deal market starting to pick up again and we expect it to continue to recover as we head into 2023.
Below you can download brief details of a few recent deals we’ve been involved with nationally, together with some more North West focussed transactions.
Contacts
Paul Ray
Partner
Emma Hinton
Partner
Shaun McCabe
Partner
Graham Ball
Partner
You may be interested in...
Legal Update
Banking transaction update: July 2025
Legal Update - Employment Rights Bill
The Employment Rights Bill: Is it here yet?
Press Release
Browne Jacobson advises PBE Group on international holdco refinancing
Opinion
Pride Month: A time to review DEI
Press Release
Browne Jacobson comments on the government's 10 year infrastructure strategy
Opinion
Employer redundancy guide: Sourcing alternative employment
Press Release
Browne Jacobson advises on ThinCats financing for Bluprintx’s acquisition of Australian Salesforce specialist Skie
Press Release
Browne Jacobson advises Palatine on majority investment in fulfilmentcrowd
Press Release - Firm news
Browne Jacobson delivers record-breaking growth as strategic vision drives exceptional performance
Published Article
‘What if …?’: How the ‘FirstRand’ commissions case could affect insurance: Part 2: The regulatory dimension
On-Demand
Managing data risks effectively in M&A strategies and corporate transactions
Opinion
Spending Review: Setting the stage for UK investment
Press Release
Spending Review 2025: Browne Jacobson lawyers respond to Chancellor’s announcement
Legal Update
PPU roundtable 2: Advancing private patient units
Press Release
Browne Jacobson’s School Leaders Survey illustrates concerns over financial resilience ahead of spending review
Legal Update
ESG and sustainability report: Rethinking communication and credibility
Press Release
Majority of UK organisations remain committed to sustainability and ESG, says new research
Press Release
Browne Jacobson’s Corporate team in Ireland win award in Finance Dublin’s Deals of the Year 2025
Legal Update
Food and drink M&A update: June 2025
Legal Update
Ireland’s first Consumer Representative Action issued in the High Court
Press Release
Browne Jacobson advises Phenna Group on its acquisition of Statutory Inspections Limited
Press Release
UK-EU reset deal: Comments from Browne Jacobson experts
Opinion
Disciplinary procedures and mental health: Employer considerations
Press Release
Browne Jacobson advises BGF on £15m investment into scheduling infrastructure provider Cronofy to supercharge growth
Legal Update
Supporting mental wellbeing in the workplace: Practical steps for businesses
Published Article
Learning from Europe: Funding models for UK schools infrastructure
Press Release
Browne Jacobson advises Apiary Capital on investment in pharmaceutical marketing agency PIO
Press Release
US-UK trade deal: Reaction from Browne Jacobson lawyers
Legal Update
Trade mark strategy in a global market
Opinion
EHRC releases guidance for employers after Supreme Court ruling on definition of woman
Press Release
Browne Jacobson to explore skills challenges in built environment at UKREiiF event
Legal Update
2025/26 employment rates and limits: Are costs increases having a negative impact on the job market?
Press Release - Firm news
Browne Jacobson appoints Bernhard Maier as Head of Arbitration
Legal Update
Case analysis: Enforceability of MOUs in commercial transactions
Legal Update
Safeguarding children: Effective strategies for prevention and response
Press Release - Firm news
Browne Jacobson expands international disputes offering with new Head of Commercial Dispute Resolution in London
Legal Update
Updated Modern Slavery Act Transparency Guidance: Key obligations and steps for businesses
Press Release
Browne Jacobson advises ALB Group on acquisition of former M&S department store in prominent Chesterfield town centre building
Press Release
Browne Jacobson advises Eco2Solar on strategic sale to E.ON UK to drive residential renewable energy growth
