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.