Deal activity remains brisk despite Brexit uncertainties….

According to the latest set of year to date figures from Experian MarketIQ there were 5,137 deals announced during the first nine months of the year, a decline of 6.1% on the 5,470 transactions announced over the same period in 2017.

The third quarter saw just £46bn worth of deals announced involving a UK business, down from £144bn in Q1 and whether this is a temp blip remains to be seen. Certainly, the Bishopsgate team have seen a couple of projects delayed until the Spring 2019 as European and other overseas buyers hold fire until they get a clearer picture from Whitehall / Brussels. We do expect an M&A “bounce” once the Brexit cloud has lifted.

Deal activity across the Midlands continues to lag behind last year, with the total volume of 618 deals being just over 20% less than the 776 recorded at the same time last year. The Midlands contributed 12% of UK deal volume so far this year, making it the third most active UK region for deal making behind London and the South East. The Bishopsgate team have 4 deals completing before Xmas so we will be flying the flag for the region.