PracticeConsultingEurope leads the way in merger activity

Europe leads the way in merger activity

Western European companies have established a leading role in global mergers and acquisitions activity, accounting for more than three-quarters of global cross-border deals, according to a new study.

Figures released today by KPMG’s Corporate Finance Department show the value of cross-border buying by Western Europeans to have been in excess of £320bn for the first half of the year. Global cross-border M&A activity, meanwhile, climbed to £424bn in the same period.

And the UK emerged as the world’s single largest buyer following the purchase of German multinational Mannesmann by Vodafone-Airtouch for approximately £122bn earlier this year.

The survey represents data compiled worldwide from over 3,300 cross-border mergers, acquisitions and strategic investments announced January to June 2000.

  • KPMG has appointed 80 new partners, a record intake for the Big Five firm. The previous record for a single partner intake was 64.
    Of the new appointees who take up their posts on 1 October, 24 will join assurance, 20 go to Financial Advisory Services, 17 in consulting, 16 in tax, two in support functions and one in Klegal, KPMG’s associated law firm.
    The new recruits will bring the firm’s tally up to 687 UK partners.
    Senior UK partner Mike Rake said: ‘Continued strong demand for our services in 1999/2000, combined with the exceptional quality of our people, have produced this record increase in partner numbers.’

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer