Ryecroft Glenton's 'best year to date'
Carl Swansbury also said that certain verticals within the human capital and recruitment sectors have seen improved consolidation throughout the year, due to changes in legislation and market dynamics.
Swansbury said, "We entered the year in a cautiously optimistic way in that the world certainly was an improving place and the banks were starting to look more positively at funding proposals we were taking to them, but there was still an air of caution.
"We've seen increased activity in the recruitment and human capital sectors in 2013 and an increase in the number of international acquirers looking to the UK for opportunities. An example of this is the sale of Flexplus to CRS Inc in November,which we advised.
"In 2012/13 a lot of people were guarded and therefore not looking to deliver growth, raise development capital or execute business plans that they had previously prepared," said Swansbury.
"In quarter three of this year we saw a lot of dusting down of those plans and a lot of time has been spent working with businesses, boards and shareholders to raise the development capital that they need to deliver growth.
"We've also worked with a large number of businesses looking to refinance or secure facilities to help their existing companies grow either organically or by acquisition."
Earlier in the year, Ryecroft Glenton Corporate Finance advised Solutions Recruitment, one of the UK's fastest growing staffing groups on a seven figure fund raise, which has since saw the company move into newly acquired corporate headquarters and expand its presence across the UK.
Swansbury added, "In 2010/11 there was a lot more cautiousness. We're certainly seeing more appetite from fund managers, PE and VC houses in 2013 and I think corporate advisors in the round are doing a better job at educating businesses as to how to access finance and the alternative sources of finance available. We are currently advising on a large number of transactions in the sector and are optimistic about what 2014 will have in store for both our clients and the sector".