Moore Kingston Smith’s transaction services update – H2 2024
Demand for high-quality strategic acquisitions continues but acquirers remain risk averse
The transaction services team at Moore Kingston Smith continues to act as a trusted adviser for strategic acquirers in our core sectors. H2 of 2024 was no exception with notable completions in media & marketing, technology, education and renewables.
The second half of 2024 saw a significant uptick in transaction activity. This was due to a combination of the first Labour Autumn Budget and macroeconomic indicators beginning to move in favourable directions.
Buyers, both private equity and trade, continue to seek out high-quality strategic investments that will support growth but remain cautious. The uncertainty and risk aversion in the market certainly remained, with longer process and drawn-out negotiations stalling some transactions.
The sentiment has continued into 2025 supported by the February interest rate cut to 4.5% and improved political stability. However, concerns about UK economic growth, global instability and increased protectionism remain. M&A activity throughout 2025 will be defined by the UK’s ability to weather global economic shocks.
Investment from the US may present a welcome opportunity. The strength of the dollar and attractiveness of talent within UK businesses could create exit routes for UK investors and shareholders, bridging valuation gaps we have seen for the past 12 – 18 months.
Moore Kingston Smith’s transaction services highlights
PE and PE-backed
Trade
The deals concentrated in sectors where Moore Kingston Smith has significant expertise: media & marketing, technology, education and renewables.
