Tech and a proven roll-out model were crucial factors in the sale of The MOLE Clinic. Brian Livingston talks through the deal.
Selina Sagayam, UK M&A adviser and partner at Gibson Dunn, explores the issues involved in preparing and maintaining insider lists and how to ensure compliance and maintain UK securities market integrity
Nick Tippett of PKF Francis Clark describes seeing through the sale of digital marketing agency Microserve to Investis Digital during COVID-19. He describes how he was introduced to the deal, the timescales and the challenges faced.
The price of energy has come into sharp focus, alongside the drive for net zero. David Prosser looks at ECI’s secondary buy-out of Zenergi, which helps business users with both.
Wall Street wags have updated the maxim ‘Markets hate uncertainty’ to ‘Bad certainty is better than uncertainty’ – and exits need some certainty to complete. Jason Sinclair talks to corporate finance advisers about preparing for the coming economic dip.
Business services dealmaking has proved more than resilient throughout the disruption of the COVID-19 pandemic. In 2021, UK M&A in the sector hit record levels, with private equity firms competing with cash-rich corporates for consolidation opportunities. Nicholas Neveling reports.
Rapid advances in technology are affecting all elements of corporate finance. What’s happening to valuations and to the experts’ roles in getting the right prices? Marc Mullen investigates.
In order to grow, companies will have M&A as part of their strategic plans, almost without exception. There will also be the opportunistic deals, many of which are arising in the current economic situation. In our annual review, using 2021 data from Refinitiv, we look at the UK’s most acquisitive companies.
The sale of musical instrument retailer GAK struck a chord with private equity investors, explains Adrian Alexander.
In the midst of lockdown, the long-trailed ‘death of the high street’ looked to have arrived. But, as the world slowly emerges from the pandemic, many retailers are revising their forecasts upwards and M&A is making a comeback, with confidence boosted by disruptive start-ups and an acceleration in online sales. David Prosser reports .
The corporate finance community in Wales is growing in confidence. Opportunities abound, as high-growth companies outstrip investment for now, reports Jason Sinclair. There’s activity in fintech, pharmaceuticals, medical devices and value-added manufacturing. Can start-ups drive the post-pandemic recovery?
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 Core 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 Core Accounting and Tax Service.
A step-by-step guide to the sale and purchase process, focusing on key commercial, tax and legal issues. It includes checklists, draft enquiries, letters of disclosure and a specimen completion agenda.
A chapter on the process of buying and selling technology businesses, in this step-by-step guide to the sale and purchase process, focusing on key commercial, tax and legal issues.
Chapter containing practical advice on capital gains tax in relation to incorporating a business.
Expert commentary on the current UK capital gains tax legislation related to business asset disposal relief.