{"id":1078,"date":"2021-03-22T14:35:43","date_gmt":"2021-03-22T14:35:43","guid":{"rendered":"https:\/\/www.bishopsgatecf.co.uk\/?p=194"},"modified":"2023-10-09T11:53:58","modified_gmt":"2023-10-09T10:53:58","slug":"the-rise-of-the-ma-boutique","status":"publish","type":"post","link":"https:\/\/www.bishopsgatecf.co.uk\/the-rise-of-the-ma-boutique\/","title":{"rendered":"The Rise of the M&A Boutique"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]\n

It may be a little known fact that accountancy firms with a corporate finance division can no longer provide non-audit related services, such as M&A advice, on a contingent fee basis as of March 2020.<\/p>\n

The M&A industry is built on contingent fees which typically account for 80% to 90% of the fees on a transaction, offsetting the risk for any client and focusing everyone\u2019s attention on completing a successful transaction.<\/p>\n

So, if you are currently thinking that the corporate finance team of your incumbent accountant can handle either your exit, a private equity fundraise or an acquisition, well the answer is they can\u2019t and their Ethics Partner will almost certainly have an issue with it.<\/p>\n

However, M&A boutiques, like Bishopsgate, who are independent and focus solely on M&A have no conflicts of interest.<\/p>\n

This is a huge change for our industry and something that could have far reaching consequences for the Top 20 accountancy firms!<\/p>\n

Please do get in touch if you would like a coffee \/ Teams call to discuss more<\/p>\n

Reference:\u00a0https:\/\/www.frc.org.uk\/getattachment\/601c8b09-2c0a-4a6c-8080-30f63e50b4a2\/Revised-Ethical-Standards-2019-Updated-With-Covers.pdf<\/a><\/p>\n[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

Independent corporate finance firms look set to benefit from recent rule changes.<\/p>\n","protected":false},"author":4,"featured_media":3517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-1078","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-insights"},"acf":[],"_links":{"self":[{"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/posts\/1078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/comments?post=1078"}],"version-history":[{"count":2,"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/posts\/1078\/revisions"}],"predecessor-version":[{"id":3518,"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/posts\/1078\/revisions\/3518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/media\/3517"}],"wp:attachment":[{"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/media?parent=1078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/categories?post=1078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bishopsgatecf.co.uk\/wp-json\/wp\/v2\/tags?post=1078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}