Summary Overview
- UK M&A activity totalled £44.4bn in the first half of 2012, representing a 17.5% increase in deal value compared to H12011, and with £28.4bn this was the highest Q2 since Q2 2007 (£68.8bn).
- Energy, Mining and Utilities was the most active sector valued at £14.3bn for 26 deals. This was a 55.7% increase in dealvalue compared to H1 2011. The jump is largely due to GDF Suez’ acquisition of International Power for £6.8bn.
- Foreign investment into the UK accounted for 69.7% of all UK M&A in Q2 2012, valued at £19.8bn, and represented a 61%increase on Q1 2012. Inbound activity experienced its highest value in H1 2012 (£32.1bn) since the same period in 2008(£37.2bn).
- Outbound M&A recorded the lowest H1 since H1 2009 (£10.3bn) at £17.4bn. Outbound deals for Q2 2012 however increased by 85.2% to £11.3bn from Q1 2012 (£6.1bn).
- Having advised on three of the top five deals for H1 2012, Goldman Sachs retained its leading position advising on£26.9bn-worth of UK deals.
- Clifford Chance jumped from ninth to first place in H1 2012 after advising on 37 deals worth £25.6bn including the top four deals of the first half of the year.
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