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South East deal value falls 67 per cent year-on-year

24 November 2023
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The scale of the slowdown in the South East deal market has been revealed with the total volume of deals falling by 67 per cent.

Experian's UK and Ireland M&A review compared the deal values up to the end of the end of quarter three for this year compared to last to show a fall from £9,077m to £28,906m.

The report also pointing out that the volume of deals had fallen by 20 per cent with 760 deals completed by the end of the third quarter compared to 950 in 2022.

Acquisitions accounted for 74 per cent of all activity while private equity buy-outs fell from 33 deals last year to 23 deals this year.

Notable deals announced in this quarter included the £750m equity funding package received by Reading-based Thames Water Utilities.

The funds, provided by existing shareholders, will be used to help turn around the utility company.

Guildford based Ergomed, a specialist in clinical research and drug development, also received
a £703m offer from private equity house Permira.

On the advisor front, Harrison Clark Rickerbys topped the legal advisor deal rankings having advised on 51 deals in the third quarter

K3 Capital Group topped the financial advisor table for the quarter having advised on 52 deals this quarter.


Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset.

Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users.

He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.

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