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UK mergers and acquisitions fall in Q2 2010, says Experian

The UK saw a 15.5 per cent decrease in the number of UK mergers and acquisitions and equity capital market transactions announced during Q2 2010 compared to Q1 2010, data from Experian shows.

GBP46.2bn worth of transactions were announced in the UK in Q2 2010, down by 8.7 per cent on Q1 2010.

Cenkos Securities was the best performing financial adviser by volume with 15 deals and Morgan Stanley worked on the highest value of deals worth a total of just under GBP15bn.

DLA Piper advised on the highest number of transactions (18) in Q2 2010, while the leading legal adviser by value was Herbert Smith with deals worth a total of GBP13.3bn.
 
Europe saw a 17.5 per cent decrease in European M&A and ECM transactions announced during Q2 2010 with only 2,375 deals compared to 2,879 transactions in Q1 2010.

EUR148.7bn worth of transactions were announced in Europe in Q2 2010, down by 16.1per cent on Q1 2010.
 
Wendy Smith, business development manager at Experian Corpfin, says: “The wait for the upturn in corporate finance activity continues, with our research showing a further decline in the overall deal activity across the UK and Europe. With the exception of the Midlands and Northern Ireland, each region has undergone a decline in activity, continuing the overall downward annual trend. Again, the stagnation of deal flow in Q1 is principally a result of a lack of funding.
 
“This situation has not been helped by the customary uncertainty leading up to the General Election, although the steps taken by the new government may provide some much-needed confidence.”

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