Like many other areas of the economy, M&A activity was put on hold during lockdown, with deal volumes tumbling as businesses focused all their efforts on their customers and employees.
However, with the UK business community coming to terms with the virus, vendors and growth-hungry businesses alike are returning to the deal table – completing shelved deals and pursuing new ones. The question remains, though, as to how the market will look in the long-term and what lasting impact the pandemic will have on the market. Will we see deal values fall? Which strategies will prevail? And will we see greater consolidation as distressed firms look to minimise risk and focus on their core activities?
In the latest episode of Uncharted: the road to recovery, we welcome another panel of experts to discuss these issues, provide insight into the deals they are working on and their predictions for the next 12 months.
Alongside FRP Partners Mark Naughton and Adrian Alexander, our host Rebecca Burn-Callander (former enterprise editor at The Telegraph) welcomes LDC’s Dewi Hughes to provide the investor’s view.
Multiples are expected to hold up in resilient sectors so the emphasis on pricing has begun to shift towards deal structures.Adrian Alexander Corporate Finance