Pace of M&A activity may fall in H2 says EY

24 June 2016

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Michel Driessen, Transaction Advisory Services Markets Leader, comments: “UK M&A has been subdued by value in 2016 against 2015 although the number of deals has held up until now. This pace is likely to fall in the second half of the year as companies digest the result and work through the possible implications of life outside the EU. Companies still face the same imperatives to do deals, from slow growth to disruptive completion. But, sterling’s fall will put UK companies at a disadvantage in terms of outbound acquisitions and, although a weaker pound makes UK valuations seem more attractive, the uncertainty surrounding trade negotiations could deter external investors.”