Fri, 20 Aug 2010 | BUSINESS NEWS
Latest figures from accounting firm BDO reveal that on average, private companies in the UK are currently being sold for 12.1 times their historic after tax profits - basically unchanged over the past two years.
BDO's Private Company Price Index shows a significant rise in the number of mergers and acquisitions in the second quarter of 2010, with total transactions increasing to 543 - up from 496 in the first quarter.
Economists feel that the UK economy will continue to grow and UK businesses for sale are proving attractive to overseas investors. This bodes well for companies looking to plan acquisitions to drive their next growth phase.
The report also forecast that the ripple effect from the emergency budget will positively impact M&A activity in the later stages of this year.
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