Firms target deal frenzy amid improving market
A FRENZY of company mergers and acquisitions could kick off over the next six months, as firms target a return to dealmaking amid improving market conditions.
Recovering credit conditions and access to finance to fund major acquisitions is giving firms the confidence to act, according to a study by consultancy firm Ernst & Young.
More than 50 per cent of senior executives who responded to the survey said they believed that financing would be available to fund major acquisitions within the short term, up ten per cent on the last study completed in October last year.
More than 1,000 senior executives worldwide, including over 60 in the UK, took part in the survey.
Transaction adviser for Ernst &?Young, Jon Hughes, said: “These figures indicate that the number of organisations ready to conduct deals, when the right target is identified, is strong.”