Virgin Media deal hikes up value of UK M&A
12 April 2013 London
Image: Shutterstock
UK M&A activity was at 拢23.5 billion and 213 deals in the first quarter of 2013, up 46.9 percent compared to Q1 2012 (拢16 billion), but down 22.5 percent in deal count (275 deals), said Mergermarket in its roundup.
The UK witnessed a second consecutive quarterly increase, up 27 percent from Q4 2012 (拢18.5 billion), and accounted for 31.7 percent of total European M&A (拢74.1 billion) activity, up from 15.6 percent in the same period last year.
Results are largely down to the country鈥檚 top deal where Liberty Global acquired Virgin Media for 拢20 billion, contributing 59.2 percent to total UK M&A.
The Virgin mega-deal influenced the sector breakdown for the country, boosting the media sector deal value up to 拢14.7 billion, and foreign investments into the country increased by 68.4 percent compared to Q1 2012.
Having advised on 拢17.1 billion-worth of deals including the top UK deal, Goldman Sachs moved up from second place last year to take the lead in the financial advisor League Table by deal value.
Hogan Lovells topped the legal advisor table by deal value after advising on 11 deals worth 拢14.7 billion, including the Virgin Media deal.
The UK witnessed a second consecutive quarterly increase, up 27 percent from Q4 2012 (拢18.5 billion), and accounted for 31.7 percent of total European M&A (拢74.1 billion) activity, up from 15.6 percent in the same period last year.
Results are largely down to the country鈥檚 top deal where Liberty Global acquired Virgin Media for 拢20 billion, contributing 59.2 percent to total UK M&A.
The Virgin mega-deal influenced the sector breakdown for the country, boosting the media sector deal value up to 拢14.7 billion, and foreign investments into the country increased by 68.4 percent compared to Q1 2012.
Having advised on 拢17.1 billion-worth of deals including the top UK deal, Goldman Sachs moved up from second place last year to take the lead in the financial advisor League Table by deal value.
Hogan Lovells topped the legal advisor table by deal value after advising on 11 deals worth 拢14.7 billion, including the Virgin Media deal.
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