Fri, 17 Jun 2016 | MERGER
A global survey of dealmakers involved in the business of mergers and acquisitions (M&As) has revealed widespread concern over the value of European assets if the UK leaves the EU in June.
The ‘Brexit: An Economic Crisis’ survey, carried out by Intralinks, polled 1,421 global dealmakers. It revealed that the majority (65 per cent) of M&A professionals believed that the value of European assets would suffer in the event of the UK voting Leave in the EU referendum on 23 June 2016. More revealingly, the survey found that 92 per cent of British dealmakers believed that the UK leaving Europe would have a negative impact.
Furthermore, 87 per cent of those surveyed in Europe, the Middle East and Africa (EMEA) foresaw a negative impact on the European and British economies in the event of a British exit (‘Brexit’). In terms of the direct impact on M&A deals across the continent, 88 per cent of UK dealmakers and 73 per cent of European dealmakers thought that Brexit would have a negative economic impact.
Regarding the likelihood of a British exit occurring in late June, 80 per cent of global dealmakers believe that it won’t happen, while the percentage is high, in the UK it is higher, with 84 per cent of British dealmakers believing that Britain will not exit the EU later this month.
Philip Whitchelo, the vice president of product marketing and strategy at Intralinks, said of the survey results: “There’s clearly a consensus among dealmakers that a ‘Brexit’ will lead to chaos for European M&A.
“A ‘Leave’ vote from the UK could severely impact all of Europe’s assets, with foreign buyers bidding less for them if the UK pulls out of Europe. This could have drastic consequences on the European economy — and of course the UK economy — for a number of years.”
For more information about M&As, see the Business Sale Report guide to Post Merger Integration.
Seeking an acquirer / strategic partner for this long-established national engineering contractor providing an extensive range of solutions, including specialised fabrication, pipework installation, steelwork and mechanical equipment.
Our client, with a legacy spanning over 35 years, has crafted an exceptional brand and market-leading business in the world of organic wines. Now, due to retirement plans, they are seeking the perfect successor to carry forward their legacy.
Over the past 15+ years, our client has built a successful business providing a range of commercial cleaning and soft services to its contracted and growing client base. Working predominantly within the commercial and industrial sector, our client ma...
02
|
Apr
|
NVM exits travel tech firm Intuitive with Banyan Software deal | BUSINESS SALE
Banyan Software has bought a technology provider of end-to-e...
02
|
Apr
|
CheckFire Group buys long-standing partner PJ Fire | BUSINESS SALE
CheckFire Group, the South Wales-based fire safety equipment...
02
|
Apr
|
Listed group Spire Healthcare buys occupational health peer Acorn | BUSINESS SALE
Listed group Spire Healthcare has bought peer Acorn Occupati...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.