Commenting on the M&A figures from the first quarter of 2015 released today by the Office of National Statistics (ONS), Andrew Nicholson, head of M&A for KPMG in the UK, said: “On the day that it was revealed that the value of deals involving US companies has hit an all-time monthly record, here in the UK we’re once again left scratching our heads that the number of deal completions involving UK firms remains at a low.
“Nevertheless, there are heartening signs that the increased noise and appetite to transact that we’ve been seeing over the last few months is finally starting to bear fruit. In particular, the number of deals made by UK firms overseas is at its highest since the spring of 2012 – an indication that corporates with cash to invest are looking to take advantage of favourable market conditions and expand their geographic footprint.
“I’m sure it’s only a matter of time before we’ll see the overall number of completions start to upturn. With increasing levels of confidence in the market, coupled with a plentiful supply of private equity money, easier debt markets and greater convergence between vendor and purchaser price expectations, we certainly expect UK dealmakers to have a busy second half of 2015.”
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Katy Broomhead, KPMG Press Office
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.