Welcome to our Corporate Finance division’s regular deal round-up.

Market overview

As we anticipated in our previous edition, 2021 saw near-record highs in deal activity, and although the market saw a slowdown in the Q4 of the year, I am pleased to report that PKF has continued to see high levels of deal activity in the early part of 2022.

That said, there are various macro factors at play which may have an impact on the M&A market. Whilst the early months of 2022 have demonstrated continued economic recovery, we are now facing inflationary pressures with prices rising faster than at anytime in the past 30 years – not least driven by energy price rises. The stock markets, already down since the start of the year, have dropped significantly further in the wake of Russia’s invasion of Ukraine. And whilst Rishi Sunak seems to have temporarily side-lined any changes to capital gains tax, we feel this is likely to come back into focus once he feels the economy is strong enough.

Despite these headwinds, we are seeing no shortage of buyers with plentiful liquidity; we have an equally good pipeline of sellers who are keen to exit to ringfence wealth and avoid any uncertainties which may lie ahead.

David Crump, Corporate Finance Director

Click below to read issue 38 of Deal Dispatch. Our corporate finance team have a wealth of knowledge and experience providing services to a variety of businesses. Please do not hesitate to get in touch today.

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