Despite recent high-profile moves for ITV and HMV, the Centre for Management
Buy-Out Research has revealed that UK private equity buy-outs in the first half
of 2006 reached just £10.1bn compared with £12.8bn for the same period of 2005.
This contrasts with a 70% jump in deals made on mainland Europe.
The research suggests that UK shareholders have become more resistant to
private equity bids.
Tom Lamb, co-head of Barclays Private Equity, which co-sponsored the
research, said private equity in the UK was a ‘bit of a victim of its own
‘In the UK investors now feel that a company must be undervalued if a private
equity bidder shows an interest,’ he added.
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.