Mergers and acquisitions in the Marketing and Media sectors – a review of Q3 2019
Despite the political and economic uncertainty that has continued to impact global and UK businesses, and a year-on-year decline since 2016, there has been significantly more M&A activity in the sector than we expected at the start of the year. This quarter had 55 deals recorded, only slightly less than the corresponding quarters in the previous two years. Moore Kingston Smith intelligence also shows that previous years have tended to have a quieter Q4 before a jump in numbers come Q1 of the following year. This is certainly a trend we expect to see given the delay of Brexit and the imminent election. However, the rumour that entrepreneurs’ relief is under threat, regardless of who wins the election, may encourage owners to sell sooner rather than later.