The Deloitte US/UK M&A Deal Monitor follows trends and
analyses underlying driving forces in the most active merger and
acquisition arena in the world economy today. In our third edition
we focus on the latest half year of M&A activity (July 2016 to
December 2016) between the US and the UK, set in the context of the
most recent 8 quarters in the US/UK 'corridor'.
The Deloitte US/UK M&A Deal Monitor observes M&A
activity and developments within the most active business sectors,
and the relative volumes of corporate backed and private equity
together with the regional dimensions of M&A within both the US
and the UK. In this issue we focus on manufacturing, a leading
sector in the US/UK deal corridor.
The key themes
US dealmakers signalled a
strong vote of confidence in the UK economy, however some
UK dealmakers have put M&A on hold.
Quantitative Easing continues
to support low cost capital raising in Europe, with
Euro-denominated "Reverse Yankee" bonds driving US
Corporate buyers are bidding
more aggressively, taking the lion's share of M&A
deals whereas private equity has taken a lower share of
TMT remains the most active
sector in US/UK dealmaking, and the migration of
technology into all business sectors is giving a boost to
London continues to be the
focus of US outbound M&A but regional deals are
growing. California and New York remain the primary location for UK
Interest rates are low, corporate cash reserves are high, and
the supply of capital for corporates and private equity is massive.
In a world where there is a scramble for market share, the
fundamentals for M&A have never been better".
The recent case of Dickinson v NAL Realisations (Staffordshire) Ltd is a "101" guide to how not to run a small business, providing insight into the pitfalls that can await any director or shareholder...
As the Brexit negotiations start, one direct impact is an interest from clients and advisers looking to have flexibility in their organisational structure ahead of any legislative or other changes being implemented.
An assignment of rights under a contract is normally restricted to the benefit of the contract. Where a party wishes to transfer both the benefit and burden of the contract this generally needs to be done by way of a novation.
Any UK companies doing business with the rest of the EU, or even just in the UK but relying on customers and suppliers who deal with the rest of the EU, should be keeping an eye out for the ramifications of Brexit.
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