28% deals increase for Weightmans' corporate team in Newcastle

Its dealmaking activity covered deals with an aggregate value of £158m, which supported the M&A, private equity and exit strategies of clients both across the North East region and nationally, including strategic growth sectors for the firm, such as technology.

The strong results were driven by key deals including Datum360, a connected data platform, that was acquired by global software leader, Autodesk; the sale of AI-powered security and compliance solutions provider, Runecast, to Dynatrace; game developer, Red Rover and a $15m investment; and residential estate agency, My Property Box, and its multimillion-pound investment from BGF.

The growth and success are in part thanks to the expansion of the team during this period, including the recent promotion to partner, Kirsty Adamson.

Duncan Reid, partner and head of OMB in Newcastle, said:

“2023 was a record-breaking year for us in Newcastle – so to continue that momentum into the first half of 2024 is a fantastic achievement, and credit must go to the team for their hard work. It’s incredible to be able to support such a wide range of clients from across the region in some ambitious growth strategies.”

Paul Wigham, partner, said:

“It’s been a solid first half of 2024, and I’m encouraged to say that this growth shows no sign of stopping with a very strong pipeline as many clients look to complete deals ahead of the October budget, where capital gains tax increases are a real possibility. Congratulations to the team for continuing to deliver excellent results for our clients.”