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Deal Drivers UK: H1 200929 July 2009

The UK M&A market over the first half of 2009 continued to suffer in the wake of the global financial crisis. Indeed the first six months of the year saw 257 transactions worth £21.1bn come to the market, a 66% reduction in terms of deal volumes and a 61% fall in valuations compared to the first half of 2008.

Nonetheless, it would now seem that some green shoots are beginning to emerge. Mid-market activity remained resilient over the first half of the year with deals valued under £250m comprising around 25% of total transaction valuations for the period, the largest proportion attributable to the mid-cap space over the past three years. Moreover, with lenders beginning to provide acquisition financing once again and global financial markets beginning to stabilise, it looks likely that activity will increase over the second half of the year.

Table of Contents

Foreword

UK sectors

All sectors

Hotels & Leisure

Business Services

Food

Real Estate

Manufacturing

UK regions

The South East

The Midlands

The North

Scotland

The South West and Wales

East Anglia

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