LexisNexis: Trends in UK public M&A deals in 2019

LexisNexis: Trends in UK public M&A deals in 2019

 

LexisNexis have recently published our latest report, Trends in UK public M&A deals in 2019.

It combines an in-depth review of key transactions with detailed statistical analysis, extracted from the Market Tracker transaction database, to identify current and emerging trends in this area.

Click here to download a PDF copy of the report.

 

Topics covered:

 

  • deal value and volume
  • private equity deal activity
  • hostile takeovers and competing bids
  • industry focus
  • UK and foreign bidder activity
  • shareholder activism
  • post-offer undertakings and national security undertakings
  • legal and regulatory developments
  • analysis of high profile transactions, including the Takeaway.com/Prosus competing bids for Just Eat, Advent International‘s £4bn offer for Cobham, the £2.6bn consortium bid for Inmarsat, and Non-Standard Finance ‘s £1.3bn hostile offer for Provident Financial

 

Report highlights:

 

• a significant increase in deal volume (66 firm offers), but a decrease in deal value (£53.6bn aggregate deal value) compared with 2018 (42 firm offers with £122.1bn aggregate deal value)

• record levels of private equity activity (32 firm offers with £25.7bn aggregate deal value) and increase in number of consortium or ‘club’ deals

• an examination of the different forms of shareholder activism in public M&A transactions during 2019

• specific deal focus on the biggest transactions of 2019

• deal volume and value analysed by industry sector

• a look at the effect of a strong dollar and weak sterling on the dominance of non-UK bidders

• analysis of the legal and regulatory developments and various competition/anti-trust developments that impacted deal activity in 2019

 

The report contains expert commentary from:

 

  • Giles Distin, Louise Pritchard and Simon Wood, Addleshaw Goddard
  • Simon Allport, Bird & Bird
  • James Bole and Rui Huo, Clifford Chance
  • Alison Smith, Freshfields Bruckhaus Deringer
  • Selina Sagayam, Gibson Dunn
  • Leon Ferera, Jones Day
  • Iain Fenn, Nicole Kar and Dan Schuster-Woldan, Linklaters
  • Adam Cain and Julian Stanier, Pinsent Masons
  • Gillian Fairfield, Slaughter and May
  • Tom Matthews, Dominic Ross and Patrick Sarch, White & Case

 

Click here to download a PDF copy of the report.


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About the author:

Amy is an established writer and researcher, having contributed to publications, such as The Law Society, LPM, City A.M. and Financial IT. Her role at LexisNexis UK involved leading content and thought leadership, as well as writing research reports, including "The Bellwether Report 2020, Covid-19: The next chapter" and "Are medium-sized firms the change-makers in legal?"