Sarah Sturt, Deloitte’s Bristol-based transaction services partner, says being rigorous yet thoughtful about diversity is key to making advisory teams of the future. She talks to Marc Mullen about processes, people and being adaptable
The UK’s energy security is in a state of flux. Rising inflation, interest rates and fuel prices, windfall taxes, and fuel embargoes are shaking things up, but what does it mean for M&A? Katherine Steiner-Dicks reports
Under legislation brought in on 4 January, the government has further powers to intervene in acquisitions on national security grounds. Energy will come under the spotlight
Selling a cutting-edge IVF business meant making sure the new partner had the same mindset, says EY’s Sylvester Oppong
The sheer scale of energy transition projects means there will be no lack of demand for private capital to be deployed in infrastructure. In the UK, however, rising costs are creating a deliverability issue. Andy Thomson reports.
The travel industry has rallied strongly after COVID-19 lockdowns and, despite concerns over cost-of-living pressures, the sector is firmly on the private equity deal radar.
The climate has changed for the private equity investor. M&A is down, valuation multiples are being recalculated and debt markets are tightening. With all this as a backdrop, Rutland Partners’ Will Southgate explains how the special situations firm is investing in the current market.
In a fast-moving tech world, business messaging expert Commify has adapted to stay the distance. New investment from ECI will help take it to the next level.
As a leading centre for investment capital, London needs a healthy IPO market. David Prosser looks at the challenges it faces in an increasingly competitive market for capital and businesses considering a listing.
While times continue to be tough, there is interest in inventive mid-market deals. Jason Sinclair looks at the figures and profiles the 10 most successful firms.
Interest rates are rising, but what’s on the horizon? EY’s Zoe Clarke looks at what the forecasts mean for both private and public mid-market M&A.
For a certain type of business, transferring ownership to employees is an exit option that has been continuing to increase in popularity over the past 12 months, despite the challenges facing exit routes. David Prosser reports.
Analysis and deal drivers
COVID-19 slowed down South-East Asian economies, but confidence is returning. Nicholas Neveling reports on deal culture and diversity within the region’s deal markets .
Geopolitical tensions are rising – and so is global defence spending, despite the impact of COVID-19 on state purses. Nicholas Neveling explores why M&A will be a key strategic lever as the sector adapts to increased requirements for cyber, digital and space capabilities, and relations cool between the West, China and Russia.
Healthcare has been a relatively safe haven for dealmakers throughout COVID-19 uncertainty, particularly attracting private equity investors. As economies have reopened, M&A in the sector has burgeoned as the NHS deals with post-pandemic waiting lists, the use of technology and data analytics is increased, and opportunities for business-to-consumer healthcare rise.
North West England accounts for 10% of the UK’s GDP. Jason Sinclair looks at how the region is reshaping its economy, with activity in technology, media and telecom and cyber security, and the role of corporate financiers and investors in its modernisation.
How much has the geopolitical landscape changed over the past two years? Brexit has been completed. COVID-19 still remains. President Trump has been and gone. Is everything still dominated by the US and China? And what effect will the UK’s National Security and Investment Act have?
Viewing habits are changing. David Prosser examines the new entertainment giants and streaming services that are transforming the traditional TV landscape.
Acquisitions are a key part of corporate strategy for businesses entering a new market, adding new products or technologies, or gaining or building scale or resilience in testing times. In our annual review, we look at the UK companies most active in M&A.
This year will no doubt prove challenging for businesses, but it won’t be without opportunities. Advisers and investors share their thoughts on tech-enabled sectors, capital gains tax, private equity, international acquirers, and accelerated M&A.
UK National Security and Investment Bill
David Petrie, ICAEW’s head of corporate finance, has made significant contribution on behalf of ICAEW and Corporate Finance Faculty members to the UK government’s major consultation about its National Security and Investment Bill.
The UK government’s National Security and Investment Bill and its Investment and Security Unit seeks to control acquisitions of sensitive industries by hostile overseas parties. David Prosser examines the consequences for all M&A involving foreign investment.
Guidelines and reports
The Corporate Finance Faculty and Drooms have published the world’s first research about the role of artificial intelligence in deals.
This guideline addresses the principal considerations in the completion process. It compares and contrasts the mechanisms used to establish the final equity value in deals. It also provides commentary on common areas of dispute, together with mitigating actions.
This guideline identifies key intellectual property (IP) rights and comments on how such rights should be considered in the context of M&A transaction and contractual protections. It also addresses IP transfer and integration.
Bloomsbury Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.
Chapter containing practical advice on capital gains tax in relation to incorporating a business.
Twenty chapters on employment law in this reference guide for accountants faced with an unfamiliar legal problem or query. Topics covered include recruitment, the employment contract, pay, discrimination, family friendly arrangements, absences, trade union matters, transfers and mergers, termination of employment, dismissal, redundancy and claims.
Chapter on the capital allowance implications when acquiring a business, including acquisition of shares, acquisition of a trade and company reconstructions without a change of ownership.
Chapter providing expert guidance on business asset disposal relief (previously called entrepreneurs’ relief) in relation to a business partnership.