What affect has Brexit had on the M&A market?
The transcript of the interview follows:
How has Brexit affected the M&A Section?I can have a guess and I can look at the facts. My guess was that this was going to give us a challenge. The reality is we’re seeing more buyers and we are closing more deals since they announced that Brexit was on the horizon. I can’t tell you that I like the way that Brexit is being handled by the politicians, but I can tell you that financially we’re seeing a big increase in activity in mergers & acquisitions since that point in time.
Why do you think that is?Well, firstly, with the Sterling going down in value, any overseas buyers – who we specialise in helping – they get an immediate discount on the business because they buy the pounds for less of the local currency. But also I think the business community understands that every time there is a big change there is a big opportunity. And at the end of the day, we’re going to be better off after that process than we are now. And I think it’s that mind frame with entrepreneurs that is driving this improvement in conditions. I couldn’t tell you specifically why but factually we are seeing a much higher activity. The quality of the deals are better, the number of interested buyers is growing, and we are very happy with that change.
See the full interview here.
Get news on businesses for sale and companies in administration straight to your inbox
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
27
|
Jan
|
Administrators to sell assets as office furniture maker collapses | ADMINISTRATION
Bluespot Furniture, a West Yorkshire-based furniture manufac...
26
|
Jan
|
UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS
New analysis from PwC has revealed that UK M&A activity decl...
26
|
Jan
|
Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS
Stowe Family Law, a Leeds-headquartered specialist family la...