This week’s post comes from Steve Ivermee, Managing Partner, UKI Transaction Advisory Services at EY. UK M&A activity continued to slow in Q3 2017, with volumes and value down year-on-year. But, there’s a more complex and developing story behind the headlines. It’s one that’s partly driven by the fallout from Brexit, one that’s partly a … More A new chapter in UK M&A
I have a strong feeling that we’ve been here before. Major central banks making tightening noises with nothing to little happening has been a recurring theme since we started this blog. So what could be different this time? Three of the four major central banks have effectively billed the next quarter as one where they will … More The interest rate conundrum
Private equity firms are on track to raise record funds. Big deals are on the cards and debt markets are open to fund them. Nevertheless, there are new challenges on the horizon – some of which stem from this record fundraising and others from the digital revolution that will affect not only what private equity buys, … More Private equity: comeback or comedown?
If we take one message from recent trading statements, it’s that UK consumers are feeling the strain. Of the fourteen profit warnings we’ve recorded in the last ten days, nine are from consumer-related sectors and four are from companies in the FTSE Travel & Leisure sector. This week’s blog focuses on restaurants, a sector that’s … More Why is restaurant distress back on the menu?
As we move into autumn I’m struck by growing contrasts. Heightened geopolitical tensions are hard to miss and financial risks are moving back in the spotlight. But, there are also many positives, including improving earnings and Eurozone story. This week we highlight some of the themes we think exemplify this contradictory outlook – and think about … More Season of contrasts
This week’s blog comes from Chris Lowe, Transaction Advisory Services Partner & joint head of our Capital & Debt Advisory team. Is it really a decade since the start of the credit crunch? Apparently so, although picking one significant date could put us in danger of missing a vital point: crashes and crunches don’t tend … More A decade on…
As shareholder activist interest in Europe grows, we increasingly need to factor their influence into the M&A landscape. This week we look at what’s influencing activist activity in Europe, how that activity is evolving and how companies should respond to activists and changing shareholder dynamics. If you can’t beat ‘em… should you join ‘em ?