Strong deal activity recorded in a buoyant UK and Ireland M&A market
16 August 2018
After a dip in activity in Q1 2018, it was pleasing to see that volumes recovered in Q2 with 134 completed transactions, representing an up-tick of over 15%.
This was very much in line with what we are experiencing in the market with high volumes of deals and enquiries. We believe that the biggest issue for buyers remains finding the right business to buy in the face of strong competition and pricing from both trade and private equity buyers.
The mix of buyers remained at a similar proportion over the period with trade accounting for around 80% of all acquisitions. We do not believe that this was a reflection of any lack of funding or interest from private equity and indeed we continue to see them actively participating in many processes alongside trade. In value terms at USD 9.5bn, the mid-market remained healthy with ample cash and available debt to fuel it.
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• TMT was the busiest sector and was responsible for nearly 25% of all Q2 deals
• Capital markets remained strong
• UK & Ireland continued to offer good value and remains attractive for overseas buyers.
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