Andrew Nicholson, head of M&A at KPMG comments on new figures from the ONS which show that the number of mergers and acquisitions involving UK companies remains at a post-recession low.
Commenting on new figures from the ONS which show that the number of mergers and acquisitions involving UK companies remains at a post-recession low, Andrew Nicholson, Head of M&A at KPMG, said:
“On the day that Aviva confirms that it has reached an agreement to buy Friends Life for £5.6 billion and John Laing has tabled a £1 billion offer for Balfour Beattie’s public private partnerships investment division, the latest ONS statistics have provided a bit of a reality check. The UK M&A market still has some way to go before we can claim that it has truly bounced back.
“Of course, it is hoped and expected that a significant number of the mega-mergers that have been announced in recent weeks translate into completions. Certainly shareholders appear to be responding positively to management teams who have put forward a strategy and are prepared to be bold with their cash in order to generate inorganic growth or make efficiency gains.”
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This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.