Computing & IT busiest sector for 2019 takeovers

Computing & IT busiest sector for 2019 takeovers

2019 takeover activity was not confined to one or two sectors, but spread across different industries, which reflected our findings for takeover activity in 2018. The sector where the most firm offers were made was Computing & IT, with 10 firm offers during 2019. This was followed by Investment, Media & Telecommunications, and Travel, Hospitality, Leisure & Tourism, which all had seven firm offers announced during 2019.

Other sectors which saw significant activity were Engineering & Manufacturing, and Business & Professional Services, with six firm offers, and Food & Beverages, and Oil & Gas with four firm offers throughout the year. 

The largest deal by transaction value for 2019 took place in the Food & Beverages sector, namely Takeaway.com’s £6.3 billion offer for Just Eat plc and a competing bid by Prosus N.V.at £5.5 billion. This sector also saw a £2.7 billion bid for Greene King plc by CK Asset Holdings.

The sectors that saw £1 billion+ transactions were as follows: 

Deal Deal value Industry sector (target)
Just Eat plc offer by Takeaway.com N.V. £6.3bn Food & Beverages
Merlin Entertainments by KIRKBI and Blackstone Core Equity Partners (with Canadian Pension Plan Investment Board as co-investor)£4.8bn Travel, Hospitality, Leisure & Tourism
Cobham by Advent International£4bn Aerospace & Defence
RPC Group by Berry Global£3.3bn Engineering & Manufacturing
Sophos Group by Thoma Bravo£3bn Computing & IT
Greene King plc offer by CK Asset Holdings Limited £2.7bn Food & Beverages
Inmarsat by Apax Partners, Warburg Pincus International, Canadian Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board£2.6bn Media & Telecommunications
Millennium Copthorne Hotels by City Developments£2.2bn Travel, Hospitality, Leisure & Tourism
BCA Marketplace by TDR Capital£1.9bn Business & Professional Services
Ei Group by Stonegate Pub Company £1.3bn Travel, Hospitality, Leisure & Tourism

 

The final data for takeovers will be fully analysed and included in the upcoming Public M&A trend report which will be published in Q1 2020. 

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Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.