BusinessCorporate FinanceExecs’ M&A confidence improves

Execs' M&A confidence improves

E&Y survey finds executive confidence in M&A increasing

M&A confidence is returning among senior executives.

More than half (57%) of 800 business execs questioned by
Ernst & Young say they
were likely or highly likely to acquire other companies in the next 12 months.
Just 33% said the same six months ago.

Three quarters of respondents are focused on growth of their business,
compared to 56% six months ago.

Pip McCrostie, global vice-chair, transaction advisory services, at Ernst
& Young, says: “With greater liquidity, we are seeing companies more willing
to make acquisitions they have previously deferred.

In terms of industry sectors, 61% of respondents expect the downturn to end
in their industries within 12 months, compared to just 49% six months ago.

But challenges remain, with 58% expecting to refinance loans or other debts
within the next four years. More than a third (35%) still need to restructure
their core business.

“Driving operational fitness and working capital management remains
absolutely critical,” added McCrostie.

Further reading:

Succession
planning: boomers and bust

Signs
of mid-market M&A recovery in 2010

Related Articles

Grant Thornton recruits new corporate finance partner

Accounting Firms Grant Thornton recruits new corporate finance partner

11m Emma Smith, Managing Editor
Total fraud value at £2bn five-year high, finds BDO

Accounting Firms Total fraud value at £2bn five-year high, finds BDO

11m Stephanie Wix, Writer
MHA MacIntyre Hudson appoints corporate finance director

Accounting Firms MHA MacIntyre Hudson appoints corporate finance director

11m Stephanie Wix, Writer
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

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

11m Stephanie Wix, Writer
KPMG announces senior partner promotion in Newcastle

Accounting Firms KPMG announces senior partner promotion in Newcastle

11m Stephanie Wix, Writer
Independent city firm reports 70% growth

Accounting Firms Independent city firm reports 70% growth

11m Stephanie Wix, Writer
Tax avoidance crackdown sees 80% jump in additional HMRC revenue

Accounting Firms Tax avoidance crackdown sees 80% jump in additional HMRC revenue

11m Stephanie Wix, Writer
Making Tax Digital: the "unexpected item in the bagging area"

Accounting Standards Making Tax Digital: the "unexpected item in the bagging area"

11m Stephanie Wix, Writer