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½Û×ÓÊÓƵ have recently published our latest report, Trends in UK public M&A deals in 2019.

It combines an in-depth review of key transactions with detailed statistical analysis, extracted from the Market Tracker transaction database, to identify current and emerging trends in this area.

Click here to download a PDF copy of the report.

Topics covered:

• deal value and volume

• private equity deal activity

• hostile takeovers and competing bids

• industry focus

• UK and foreign bidder activity

• shareholder activism

• post-offer undertakings and national security undertakings

• legal and regulatory developments

• analysis of high profile transactions, including the Takeaway.com/Prosus competing bids for Just Eat, Advent International‘s £4bn offer for Cobham, the £2.6bn consortium bid for Inmarsat, and Non-Standard Finance ‘s £1.3bn hostile offer for Provident Financial

Report highlights:

• a significant increase in deal volume (66 firm offers), but a decrease in deal value (£53.6bn aggregate deal value) compared with 2018 (42 firm offers with £122.1bn aggregate deal value)

• record levels of private equity activity (32 firm offers with £25.7bn aggregate deal value) and increase in number of consortium or ‘club’ deals

• an examination of the different forms of shareholder activism in public M&A transactions during 2019

• specific deal focus on the biggest transactions of 2019

• deal volume and value analysed by industry sector

• a look at the effect of a strong dollar and weak sterling on the dominance of non-UK bidders

• analysis of the legal and regulatory developments and various competition/anti-trust developments that impacted deal activity in 2019

The report contains expert commentary from:

• Giles Distin, Louise Pritchard and Simon Wood, Addleshaw Goddard

• Simon Allport, Bird & Bird

• James Bole and Rui Huo, Clifford Chance

• Alison Smith, Freshfields Bruckhaus Deringer

• Selina Sagayam, Gibson Dunn

• Leon Ferera, Jones Day

• Iain Fenn, Nicole Kar and Dan Schuster-Woldan, Linklaters

• Adam Cain and Julian Stanier, Pinsent Masons

• Gillian Fairfield, Slaughter and May

• Tom Matthews, Dominic Ross and Patrick Sarch, White & Case

Click here to download a PDF copy of the report.

Thank you to: