Advertising sector goes from strength to strength and M&A continues unabated in Q3 2022
M&A in the media and marketing services sectors – Q3 2022 Moore Kingston Smith’s deal tracker recorded 118 UK media and marketing services deals as having completed in Q3. This makes it the most active quarter of the year so far, up 11% on the 106 deals we recorded in Q2. The UK economy may…
READ MORE投资人开始“踩刹车”
成长资本最新进展——2022年第二季度回顾 对于英国成长资本市场而言，2021年是非凡的一年。2022年第一季度取得了今年的开门红，但是这股势头不可能永远持续下去。第二季度市场出现了萎缩，尽管放在更长的历史时期来看，市场仍然高度活跃。 我们对一些英国私营企业进行了研究，这些企业每家筹集的成长股本在100万英镑至2000万英镑之间。研究显示，2022年第二季度，英国345家企业共筹集了15.24亿英镑的成长股本，平均交易规模是442万英镑。 2022年第一季度共有418笔交易成交，平均交易规模是487万英镑，共筹集了20.35亿英镑。因此，根据我们2022年第二季度额的数据，成交的交易数量下滑17%，筹集的成长资本总额下滑25%。 2022年第二季度成交的交易数量处于自2021年第一季度以来的最低水平。 然而，即使市场活跃程度有所降低，它仍然远远超过2019年全年水平。因此，从历史维度来看，这肯定不是一个令人沮丧的统计数据，只是意味着英国成长资本市场的2021年是非凡的一年，而2022年有可能无法超越前一年。这完全取决于今年下半年交易活动是否会增加，或者谨慎情绪是否会继续拖累交易量。
READ MOREThe cyber threat to education and academy trusts in the UK
Current data suggests that in the 12 months to August 2022, there has been a 93% increase in cyber attacks targeting the UK education sector. At a time when the global threat of cybercrime is widely acknowledged as a standard business challenge across all sectors, education is consistently recognised as one of the most likely…
READ MOREIncreased interest in advertising and growing PE appetite fuel M&A Q2 2022
M&A in the media and marketing services sectors – Q2 2022 This quarter, Moore Kingston Smith’s deal tracker recorded 106 UK media and marketing services deals, continuing the slight quarter-on-quarter decline we have seen over the last year. This level of activity is, however, still far ahead of the transaction volume level we saw during…
READ MOREInvestors start to apply the brakes – Q2 2022 growth capital update
Growth capital update – a review of Q2 2022 2021 was an exceptional year for the UK’s growth capital market. Q1 2022 got this year off to a flying start. But it couldn’t go on for ever – the market contracted in Q2, although activity is still at a very high level when viewed in…
READ MOREM&A activity in the IT services sector – Q2 2022
This is the first in a series of quarterly reports on M&A activity in the UK IT services sector, where Moore Kingston Smith has advised many clients in recent years. Analysts’ estimates of the global size of the IT services industry vary. Statista’s 2021 report* estimates it to be worth more than $1 trillion annually,…
READ MORE英国成长资本市场依然火热
成长资本最新进展——2022年第一季度回顾 对于英国成长资本市场而言，2021年是非凡的一年。在明显受到市场对于疫情存在担忧的影响下，投资活动不仅超过了2020年的水平，甚至超过了前几年，打破了近来所有的记录。我们在2021年总结中，曾经对这种活跃程度是否会持续提出了疑问，因为一些经济不利因素已经开始显露。但是，2022年第一季度延续了这一活跃的势头。 我们对一些英国私营企业进行了研究，这些企业每家筹集的成长股本在100万英镑至2000万英镑之间。研究显示，2022年第一季度，英国418家公司共筹集了20.35亿英镑的成长股本，平均交易规模是487万英镑。 根据我们的研究，2021年第四季度共有363笔交易成交，平均交易规模是472万英镑，共筹集了17.15亿英镑。因此，根据我们2022年第一季度的数据，成交的交易数量增加了15%，筹集的成长资本总额增加了19%。 第一季度的数据反映出，在隔离措施放松、英国经济发挥优势并迅速恢复到疫情前水平的推动下，企业信心持续增强，投资者意愿强烈。 成长资本交易的周期一般很长，因此第一季度完成的交易数量很可能没有受到俄罗斯入侵乌克兰、燃料价格飙升和高于预期的通胀数据的影响。在今年接下来的时间里，投资者在多大程度上因为这些因素变得更加谨慎还有待观察。 大华国际英国会计师事务所（Moore Kingston Smith）的成长资本负责人John Cowie评价：“很高兴看到这种势头延续到2022年，而且交易数量仍然在创新高。统计数字反映了我们会计所本身的经验，因为我们从来没有这么繁忙过。尽管宏观经济明显受到干扰，但成长资本投资者对寻找令人兴奋的投资机会的兴趣似乎并未减弱。” 第一季度期间，后期风投是最常见的交易类型，前期风投次之。早期和后期风投加起来分别占交易数量和总价值的60%和69%。 “很高兴看到这种势头延续到2022年，而且交易数量仍然在创新高。”
READ MOREUK growth capital market still running hot – Q1 2022 growth capital update
Growth capital update – a review of Q1 2022 2021 was a phenomenal year for the UK’s growth capital market. Investment activity not only surpassed that seen in 2020 – a year obviously impacted by pandemic concerns – but also that of previous years, breaking all recent records. In our round-up of 2021, we questioned…
READ MOREAn encouraging start to 2022 – Q1 2022 M&A activity in the media and marketing services sectors
M&A activity in the media and marketing services sectors Q1 2022 Our annual round-up of 2021 reflected on what turned out to be an extremely busy year for M&A in the UK media and marketing services sectors, as the UK came out of lockdown and started to look to the future. Early signs suggest that…
READ MORECross-border mid-market M&A deals showing encouraging signs of recovery
Net buyers in North America are targeting IT and healthcare sectors with cross-border mid-market transactions averaging almost €50m The niche area of cross-border mid-cap mergers and acquisitions is showing remarkable resilience as the wider market recovers, according to new research undertaken by Belgium’s Vlerick Business School for Moore Global, the global accounting, audit, and advisory…
READ MORE