M&A deals among UK companies will continue to decline for the next 12-15 months as the credit crunch slows Britain’s economy, advisory firm Grant Thornton said, reports Bloomberg. If present economic conditions continue, it could take “some years” to return to the M&A peaks of mid-last year,’ said David Brooks, head of M&A at Grant Thornton. Deal values and volumes will fall for another five quarters, the report predicted. British M&A has almost halved to $372bn this year after a record 2007. However, emerging market countries and foreign acquirers may continue to cushion the fall, as they snap up UK assets, Brooks said.

This entry was posted by Gwen Robinson on Monday, July 21st, 2008 at 4:59 and is filed under M&A. Edit this entry.