The FINANCIAL — EY’s Transaction Advisory Services (TAS) has been recognized as an industry leader in the corporate finance space by Kennedy Consulting Research and Advisory’s Corporate Development Consulting: Mergers & Acquisitions and Divestitures report. The study acknowledges both the breadth and depth of EY’s capabilities and the business’ strategic Capital Agenda framework as shifting corporate finance clients’ focus “…from the transaction, to the strategy behind the transaction and the broader questions around capital allocation.”
Pip McCrostie, EY’s Global Vice Chair – Transaction Advisory Services, says:
“We are delighted that Kennedy Research has recognized our market-leading capabilities. It reflects the strategic changes we have made to strengthen our sector focus, broaden our service offerings and add new talent in the past five years – particularly in the strategy and operations space. This investment has transformed our business and we achieved 15.5% growth globally in FY15, having outpaced global deal volumes in each of the past five years.”
This year the TAS team grew to more than 11,000 professionals in more than 100 countries, welcoming new talent and further strengthening its capabilities to advise clients from strategy to execution.
Carmine Di Sibio, EY’s Global Managing Partner – Client Service, says:
“The M&A landscape changed considerably post financial crisis and we made strategic investments in our transactions advisory business to address the changing needs of our clients. The Parthenon combination in 2014 has been well received and we have made further investments in people and innovative services – underlining our unwavering commitment to exceptional client service.”
EY launches Global Origination Hub
The acknowledgement of EY as an industry leader by independent analysts coincides with the launch of EY’s Global Origination Hub (GOH) – the first of its kind in professional services.
Differing from investment bank models, EY’s GOH offers deal origination and a broader range of proactive strategic capital and corporate finance insights, ideas and services to address prevailing market trends and related issues for EY clients.
McCrostie says, “Ideas and innovation are drawn from EY’s account and sector teams around the world who, via the GOH, provide forward-looking industry insights. The GOH better enables us to help clients optimize their capital and corporate finance strategies for success in a global market marked by divergent growth, continual technology-fueled disruption and sector convergence.”
The team is focused on consumer products; life sciences; oil and gas; technology; financial services; and private equity, with professionals based in London, Frankfurt, New York and Singapore.
Significant investments in capabilities and talent continue
The GOH hosts talent hired from world-renowned strategy houses and investment banks in the Americas, Asia and Europe. It reflects the changing shape of EY’s TAS business, which following a record number of direct admit partners and internal partner promotes this year – as well as acquisitions – now includes more than 1,000 strategists worldwide.