The UK is at the centre of European M&A in 2015, with deal values already exceeding FY 2014 according to MergerMarket’s Q1-3 trend report. The first six month’s of the year have also seen the highest H1 deal value on record.
Turmoil in the Greek economy and the weakened euro have increased investor confidence in UK transactions, according to Mergermarket, with inbound deals worth a record GBP138.6 billion, up 233.5 per cent on Q1-3 2014. The UK contributed 38.7 per cent to total European deal value, with energy, mining and utilities dominating at GBP23.2 billion of deals. Outbound deals remained similar to 2014 levels at GBP65 billion, with Mylan’s hostile GBP23.3 billion takeover of Perrigo the biggest outbound deal of the year to date.
Shell’s GBP54.6 billion April acquisition of BG contributed heavily to the story, but even without it, the Q1-3 figure still exceeds the 2014 full-year total.
Goldman Sachs leads the advisor rankings, having advised on three of the top five deals, while Freshfields Bruckhaus Deringer consolidated its leading position, having advised on all five top transactions.