KPMG comments on UK M&A data for Q1 2023

Rob Baxter, UK Head of Corporate Finance at KPMG, commented:

“For any investor, and particularly in dealmaking, confidence is king. The perfect storm of economic and geopolitical headwinds, rising interest rates, high inflation and the cost-of-living crisis have prompted more caution. Tighter credit conditions also mean a higher cost of debt for those seeking debt funding, and it’s driven lenders to be very selective, operating with greater scrutiny.

“However, deals are still getting done, both in the UK and cross-border involving British businesses, with activity taking place predominantly in the energy, business services and technology sectors. While uncertainty is no friend of M&A, the building blocks for deal activity are still very much present.”

-Ends-

For further information please contact:

Jo Chileshe, KPMG Corporate Communications

Mobile: +44 (0)7919 211803

Jo.chileshe@kpmg.co.uk

About KPMG UK

KPMG LLP, a UK limited liability partnership, operates from 20 offices across the UK with approximately 17,000 partners and staff. The UK firm recorded a revenue of £2.72 billion in the year ended 30 September 2022.  

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.