M&A activity in SME sector up 500%
M&A activity in Scotland is up by about 500% on last year ahead of the 80% rise in CGT next month
William McIntosh, Lindsays’ corporate partner, told The Scotsman
that merger and acquisition activity in the SME sector, in particular, was
running ‘massively ahead of the norm’.
‘Since the chancellor’s announcement, we have had many clients coming to us
looking to complete company or business sales and management buy-outs before the
new regime takes effect,’ he said.
’We are running something like 500% more than the same time last year. While
many may already have been considering a sale, the tax change seems to have
focused minds on an early exit.’