BDO takes 2022 top spot in accounting league tables

We’re proud to announce that we are ranked No1 financial due diligence provider of the year, by deal volume, in the UK Mergermarket league tables.

In a competitive market, we appreciate achieving the No1 spot as the UK’s leading financial adviser in the transactions and deals market. This is a testament to our client’s resilience as fast-growing entrepreneurial businesses in what is a challenging economic environment.

Our Transaction Services team completed 307 transactions in 2022 with a combined value of over £29.3bn. Unsurprisingly, with the capital markets being less active, we saw an increase in private equity transactions which accounted for 71% or 220 of all our completed deals. Cross-border deals remained unchanged at 59% despite the market challenges and a global decrease of 46% (Refinitiv). Real Estate and Technology & Media were jointly our most active sectors at 41 deals each, with Real Estate accounting for the highest in deal value at £6.7bn. Both Financial Services and Retail & Consumer sectors saw 22 deals in the year. The largest year-on-year increases were in Financial Services and Real Estate respectively, contrasting with 2021, when our biggest sector increases were in Professional Services and Transport & Logistics.

Commenting on this, Chris Grove, Head of Transaction Services at BDO, said: “2022 was another exceptional year when a continued focus on our core purpose of helping our people and our clients to succeed in what were challenging times for everyone, again paid dividends. It is fantastic to see this recognised in the market and I’d like to thank our team for their dedication and commitment, and our clients for continuing to put their trust in us.”

To view BDO’s Transaction Services deals and to find out how our Transaction Services team can assist, click here.