BusinessCompany NewsM&A market shows ‘positive signs’

M&A market shows ‘positive signs’

Signs emerge that lenders are beginning to provide acquisition financing again and the global financial markets are slowly starting to stabilise

A series of positive stories in the corporate finance sector this week
suggest the merest of green shoots could be appearing for mergers and
acquisitions.

M&A deals held firm in Q2 2009, despite only 257 transactions taking
place during the period – a 66% fall compared to a year earlier. Total deal
value was £21.1bn, a 61% fall.

‘There is little doubt that the UK M&A market is still struggling and the
figures in this report verify this. But there are some more positive signs on
the horizon as lenders begin to provide acquisition financing again and as the
global financial markets slowly begin to stabilise,’ said Hugh Mathew-Jones,
head of corporate finance at PKF.

‘The UK mid-market has also proved to be relatively resilient with deals
valued under £250m making up 25% of the total transaction valuations for the
period in the first half of the year – which was the largest proportion
attributable to the mid-cap space over the past three years.’

RSM Bentley Jennison has appointed Stuart Marcy as corporate finance partner
to lead the London and South East mergers and acquisition team after poaching
him from Smith & Williamson.

The firm is taking the bold move of investing heavily in the service line in
preparation for the M&A market picking up again when the recession lifts.

And corporate finance boutique BCMA Corporate sold Jack Ellis, the company
that makes bullet proof vests used by soap star Ross Kemp and others for the TV
series Ross Kemp in Afghanistan.

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