Claritas Tax, one of the UK’s largest independent multi-disciplinary tax practices, have advised on deals with value in excess of £300m in the first half of 2021. This tops the £270m of deals completed by Claritas in the first six months of 2020.
Ses Memhi, Associate Partner and Head of Transactions Tax, commented: “It is fair to say that some of the earlier activity was driven by the potential changes to the capital gains tax regime, but we have also seen many clients across a number of sectors who have jumped at the opportunity to create further value by making strategic acquisitions that will not only help them through the tough economic conditions but ensure they’re able to capitalise on opportunities once we fully bounce back.
“We are also grateful to our clients and to our professional partners who have continued to show great confidence in Claritas, and we have certainly enjoyed helping them achieve their goals during a very challenging time.”
Iain Wright, Partner at Claritas Tax adds: “It has been interesting to see how the impact of Coronavirus has shone a light on many sectors over the last 18 months, in particular those technology-based companies that have had a positive impact on sustainability and the environment. We are encouraged by this trend, and we expect strong M&A activity to continue over the next six months.”
Ses adds: “I must also not forget to mention our wonderful team at Claritas. I am very proud of how agile and resilient they have been. They have managed to support our clients with very little interruption, despite getting to grips with new and changing processes and systems, as well as keeping on top of the plethora of tax initiatives introduced by the government to support businesses and the uncertainty introduced by the potential changes to the capital gains tax system.
With a number of exciting new joiners across all our offices over the coming months, we are certainly well placed to continue to support our clients and look forward to doing so.”
