The drop-off in merger activity last year was much worse than expected, but
corporate finance advisers still feel there are reasons to be optimistic about
mid-market deals in 2010.
Figures from Grant Thornton showed that in 2009, the number of mergers and
acquisitions involving all British targets fell nearly a quarter to 2,086, the
lowest since 1994. The total value of deals announced in Britain dropped by a
third to £97.6bn.
“M&A activity in 2009 turned out to be worse than the corporate finance
fraternity had anticipated, but in the UK we see grounds to be cautiously
optimistic about mid-market M&A for 2010,” said David Brooks, head of M
&A at Grant Thornton.
“Aside from distressed M&A, there are a growing number of private company
sales driven by a rising level of interest from acquisitive corporates and a
somewhat improved funding environment.”
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.