British firms set for M&A buying spree on scale not seen for a decade
British businesses are poised to launch a buying spree on a scale not seen for almost a decade, buoyed by forecasts of rising profits – despite political and economic uncertainty.
Some 60 per cent of British companies surveyed by accountants EY are planning acquisitions in the course of 2018, a nine percentage point rise since April, a report to be published today will reveal. Strong cross-border deal-making was seen as the main driver of merger and acquisition (M&A) activity by 29 per cent of the 3,000 top executives polled by EY worldwide. The UK is set to retain its position as the third most popular destination for inbound M&A deals worldwide. Read more at this link
UK mergers and acquisitions hit a new record last year as companies defend themselves from foreign takeovers
The number of merger and acquisition (M&A) deals in the UK hit a record high last year, despite growing dissatisfaction from the business community with the pace and vagueness of the Brexit negotiations.
The number of deals where a UK company was the target escalated to 1,543 in 2017 from 1,493 the year before, according to statistics released today by Mergermarket. Their combined value, meanwhile, rose more than 17 per cent to £157.4bn – the second-highest total since the financial crisis.
China Investment Corporation grabbed the title for the largest foreign takeover in the UK, with its bid for logistics firm Logicor Europe. The £10.7bn deal was also the biggest Chinese acquisition in the country on Mergermarket record. Read more at this link
The following report details mergers and acquisitions activity in 2017 using data from the Zephyr database. Several world regions attracted more value in 2017 than in 2016. Examples include Western Europe, where value climbed 6 per cent from USD 1,213,785
million to USD 1,281,917 million over the 12 months.
Once again, the US attracted the most investment in 2017, and also topped the country rankings by volume. Its nearest rival on both fronts was China, followed by the UK.
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