Total global merger and acquisition (M&A) activity rose to $109 billion in the first half of the year, a rise of 60 per cent on the year.
Latest figures show that UK firms spent $42 billion (£32bn) on other UK firms, more than double the outlay in the same period of 2016, while cross-border deals totalled $67bn.
“The UK’s involvement in global M&A points to companies continuing to look abroad for deals and being attractive for inbound acquirers,” says a spokesperson for the report.
“The outlook for the UK economy and UK’s trading relationships may be uncertain, but many UK companies possess qualities, such as a focus on innovation and global presence, that will continue to make them attractive.”
The report predicts private equity firms will be major drivers of the M&A market in the coming year.
At Beavis Morgan, we have also acted on a significant number of M&A deals for SME and owner-managed businesses and are able to assist in both the buying and selling of businesses.