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‘Resilient' Newcastle is open — Weightmans continues momentum in lockdown

The Newcastle office of national law firm Weightmans has completed over 30 deals in 100 days as the region shows it is ready for life after lockdown.

The transactions, taking place from mid-March until 1 July are valued at a combined total of £187m, with almost half involving technology companies.

The firm has advised clients on a variety of investments, such as venture capital fund-raisings and arranging access to the government’s Future Fund scheme. In addition, notable M&A deals include Oracle’s acquisition of Pixology and the sale of Kontainers to Descartes.

Duncan Reid, Corporate Partner in Weightmans’ Newcastle office said:

“As lockdown measures continue to ease, we have reflected on events over the last few months and it is clear that the North East region has shown great resilience and is open for business. Business owners have faced a great deal of uncertainty and we have worked hard to ensure that our clients and their customers were able to adapt and respond with new ways of working that helped them to seize opportunities.
“The technology sector in particular has gone from strength to strength as investors continue to champion the innovation and originality on offer across the region and wider UK industry and we are delighted to have supported so many fantastic businesses on their growth plans in what has been an incredibly challenging period.
“The new normal is yet to be seen but we remain positive and ready to support clients on their plans for growth and look forward to working with more exciting companies in the future.”