By Claire West
Experian, the global information services company, today released its latest mergers and acquisitions (M&A) and equity capital market (ECM - flotation, rights issue and placements) data revealing that the number of deals had fallen during Q3 2010 for the UK and Europe, compared to Q3 2009.
The total number of UK M&A and ECM transactions during Q3 2010 fell by 22.7% compared to the same period last year - from 1,110 deals in Q3 2009 to 859 deals in Q3 2010.
However, the total value of Q3 2010 deals increased by 45.3% on Q3 2009 - from £41.07billion to £59.67billion.
Compared to the previous quarter (Q2 2010), the UK saw a 23% decrease in volume, but a 4.8% increase in value - from 1,115 deals worth £56.96billion to 859 deals worth £59.67billion.
Wendy Smith, Business Development Manager at Experian Corpfin, said: “Although the UK returned to growth in the final quarter of 2009, the level of deal making in the UK since then has yet to reflect this. Deals tend to slow down during Q3 of any year, so quarter on quarter figures show a seasonal decline. However, the year on year view reveals that while some regions held up a little better than others, there was still decline in the volume of M&A and ECM activity overall. However, the UK still fared a little better than Europe, where there was a slightly larger decline in the volume and the value of deals also fell.”