Welcome to our regular deal round-up.
Market overview
Despite lockdown 3 restrictions imposed from January – now thankfully being relaxed – I’m pleased to report that the improved deal flow reported last time has continued unabated, as you’ll see from the latest batch of deal completions in this issue. M&A activity has undoubtedly been helped by government support measures which have underpinned the economy and shored-up confidence, and by the continued low interest rates.
What happens now, remains to be seen but, despite the omission of changes in CGT from the Spring Budget we think it’s likely to play a part. Weight of opinion suggests the changes were merely deferred and that they may be implemented later this year, or in next year’s budget. Accordingly, there are strong arguments for both buyers and sellers to consider transactions in the near term. Either way, we expect a busy market as normality returns.
– Darren Hodson, Corporate Finance Partner
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