Foreign takeovers to propel UK M&A volumes above £50bn Markets UK markets are bracing for a major bump in mergers and acquisitions with the total value of deals expected to top £50bn in 2025. Fresh data from the Office for National Statistics showed the value of domestic deals jumped to £3.4bn in the second quarter, up £600m from the first three months of the year. [...]
Melrose founders’ Rosebank strikes £1.4bn deal Business Rosebank Industries, the investment vehicle led by Melrose founder Simon Peckham, has struck a £1.4bn deal for a North American electrical components business. The acquisition of Electrical Components International (ECI), the company’s first, will be financed through debt facilities and a £1.14bn capital raise at an issue price of £3 per share. Peckham, a veteran [...]
Dust off the defence manuals… private equity is coming, say advisors Investing London’s listed firms have been warned to dust off their defence manuals and prepare for takeover bids as private equity investors limber up for a deals offensive on the London Stock Exchange next year. After a subdued year of dealmaking through 2024, private equity buyers are expected to reignite a swoop on the public markets [...]
Diploma: Shares in FTSE 100 distribution group amid warnings of ‘tougher environment’ November 19, 2024 The FTSE 100 distribution firm reported an adjusted operating profit of £285m, up 20 per cent on last year's £237m.
UK start-up funding falls but life sciences sector picks up October 15, 2024 UK start-ups secured $2.9bn (£2.2bn) in new venture capital (VC) funding during the third quarter of 2024, a sharp drop from the $5.7bn (£4.4bn) raised in the previous quarter, according to fresh data from HSBC. The global VC market also slowed, marking its weakest quarter in over four years, driven largely by a downturn in [...]
The secret language of City dealmaking September 9, 2024 Dealmaking on the public markets can be a dense and confusing world. Firms court each other in the public domain; cryptic, flirtatious barbs are fired across the market, and bosses on either side try to size each other up. But what do their messages really mean? What is the hidden meaning behind the jargon? From Pac-Man [...]
City deals advisers gear up for rebound after election pushed M&A to four year low September 3, 2024 The City’s deals advisers are gearing up for a rebound in activity in the closing months of the year after election uncertainty pushed mergers and acquisitions (M&A) to a four-year low in June, according to fresh figures today. The value of total deals involving UK firms, as either targets or buyers, slumped to £11.8bn in [...]
Reeves urged to soften private equity tax raid over fears of City exodus August 30, 2024 City groups are mounting a final call for the Chancellor to temper a tax raid on private equity fund managers amid fears of an exodus of dealmakers from London. Rachel Reeves’s Treasury has been consulting on plans to lift the levy on carried interest, the personal profits that fund managers make on the sale of [...]
‘The jack is out of the box’: London-listed firms picked off as UK dealmaking springs to life July 1, 2024 A raid on London listed firms has accelerated in the opening months of the year as cashed up corporate buyers take advantage of a perceived valuation gap on London’s markets, new figures have revealed.
AJ Bell founder reportedly to chair JD Sports-backed sports supplement firm ahead of listing February 20, 2024 It will be his first role since leaving the company he founded 28 years ago. His appointment was understood to be solidified at a company AGM which took place today.