M&A activity in the UK for the first half of 2023 has fallen year-on-year, as macroeconomic headwinds and tight lending markets continue to take a toll on the volume of deals completed.
According to PwC's latest Global M&A Industry Trends report, the UK saw a total of 1,902 deals during the period, compared to 2,408 in H1 2022, a drop of 21%. However, while year-on-year volume is down, deal activity is still at or above 2018-2019 levels. The report found there was a total of £42.8bn worth of UK deals in H1 2023, a 55% drop when compared to £95bn in H1 2022, due to fewer larger deals and shrinking average deal size. The number of deals greater than £1bn in value dropped from 19 with a combined value of £46.7bn in H1 2022 to seven deals with a combined value of £15.4b...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
