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Q2 UK M&A activity highest since 2007

UK M&A activity totalled GBP44.4bn in the first half of 2012, representing a 17.5 per cent increase in deal value compared to H1 2011.



In addition, the Q2 total of GBP28.4bn represented the best second three months of the year since Q2 2007 (GBP68.8bn), according to data released by MergerMarket.

Energy, Mining and Utilities was the most active sector valued at GBP14.3bn for 26 deals. This was a 55.7 per cent increase in deal value compared to H1 2011. The jump is largely due to GDF Suez’ acquisition of International Power for GBP6.8bn.

Foreign investment into the UK accounted for 69.7 per cent of all UK M&A in Q2 2012, valued at GBP19.8bn, and represented a 61 per cent increase on Q1 2012. Inbound activity experienced its highest value in H1 2012 (GBP32.1bn) since the same period in 2008 (GBP37.2bn).

Outbound M&A recorded the lowest H1 since H1 2009 (GBP10.3bn) at GBP17.4bn. Outbound deals for Q2 2012 however increased by 85.2 per cent to GBP11.3bn from Q1 2012 (GBP6.1bn).

Having advised on three of the top five deals for H1 2012, Goldman Sachs retained its leading position advising on GBP26.9bn-worth of UK deals.

Clifford Chance jumped from ninth to first place in H1 2012 after advising on 37 deals worth GBP25.6bn including the top four deals of the first half of the year.
 

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