Deloitte comments on today’s ONS UK M&A quarterly figures

Fenton Burgin, Head of UK Advisory Corporate Finance at Deloitte comments on today’s ONS UK M&A quarterly figures:

“While these numbers show subdued activity until June, as M&A investors focussed on short term cash and financial stability, July and August were strong months for M&A deals in the UK. Many deals have been announced but not completed and so don’t show in these figures.

“We’ve noticed particular interest in sectors such as telecommunications, media & technology (TMT), financial services and healthcare, reflective of a bifurcated market with some doing better than others. In sectors such as travel, hospitality and leisure there remain significant headwinds as activity is subdued.

“Understandably M&A processes have had to change over the last six months with meetings conducted remotely and with speed and certainty being much higher on vendors’ agendas that was the case in the ‘far and wide’ auction environment pre-COVID 19. With interest rates remaining low and with private equity sitting on record levels of dry powder, we anticipate ongoing mid-market activity in those sectors that have traded successfully through the pandemic.”

-Ends-

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