Latest Deal Talk posts from our M&A blog Join us on LinkedIn PwC UK YouTube channel Subscribe to our RSS feed Join us on Facebook Follow PwC on Twitter

31 July 2015

UK trends in private equity

By Philip Hines As part of the introduction to my new role as head of UK private equity (PE), I recently sat down with Victoria Robson of Private Equity International to discuss some of the key trends driving activity across new funds, deals and exits in PE. It’s certainly an...

27 July 2015

The Italian NPL market – on the runway and now cleared for take-off!

By Richard Thompson The Italian non-performing loan (NPL) market is one of the largest potential markets with around €194bn of gross NPLs and over €330bn of gross impaired loans (as of May 2015). The registered gross NPL ratio of Italian banks has shifted from 2.8% at the end of 2007...

The inevitable rise of financing costs

By Simon Hampton After a long period of low interest rates the US and, last week, the UK have flagged interest rate rises. I have talked in previous blogs (Rational Exuberance and When spending your money is the challenge) about the UK real estate market sensitivity to interest rates rises....

21 July 2015

The IPO Journey – Preparation, Preparation, Preparation

By Mark Hughes The key to a successful initial public offering (IPO) is preparation - it’s an important decision to make to go public and it’s a transformational journey for the management team and the company. It’s not a decision to be taken lightly and the sooner you can start...

20 July 2015

What is in store for European IPOs in the second half of 2015?

By Mark Hughes After my successful blog post in January, the crystal ball returns! Q2 2015 was a strong quarter for European initial public offerings (IPOs) yet activity was not as buoyant as that experienced in 2014. IPOs raised €14.7bn in Q2 2015 and €31.1bn year-to-date, down 34% on Q2...

17 July 2015

How changes to the National Living Wage might affect your deal…

By Sally Dixon The summer budget on Wednesday 8 July brought with it a number of changes affecting employers. One big promise has the potential to significantly affect workforce trends and costs with a knock on effect on deal pricing through quality of earnings adjustments. The key points to note...

15 July 2015

The Effective Contract Management Model: “ECoM”

By Chris McFall In my last blog I explored how public sector bodies apply significant effort in the procurement phase of large complex contracts but tend not to extend this approach to the service phase even though more money is spent here and the risk of losing value is higher....

14 July 2015

Summer Budget 2015: considerations for restructuring

By Jay Marwa and Manoj Luhar On 8 July 2015, George Osborne, the Chancellor of the Exchequer, delivered his summer budget - the first budget of the new Conservative government following the general election and the second budget for 2015. He highlighted the UK's strong economic growth, but stressed the...

23 June 2015

Webinar: Why are early stage assets becoming more popular?

By Romil Radia and Katrina Hallpike With increasingly buoyant public markets in the UK, we are seeing increased interest and deal activity for early stage investments. Institutional investors are looking to early stage investments as a means of generating potential return in a low interest, high multiple environment. The last...

15 June 2015

5 top tips for realising corporate ambitions in the Middle East

By Matthew Alabaster The Middle East has enormous opportunities for global businesses wanting to tap in to the potential the region has on offer. But opportunities come with challenges and we’ve talked to some clients about their experiences of doing business and living in the Middle East. These discussions are...

09 June 2015

Debating deferred revenue

By Nick Williams Deferred revenue will more than likely be a cause of debate on every transaction on which it is encountered. Whilst there is no hard and fast rule on whether to treat deferred revenue as working capital or debt, there are certain characteristics and industry norms that can...

Exploiting the Opportunities of Digital

By Nicholas George The other week I hosted our fourth Technology, Media and Telecommunications (TMT) Leaders of Tomorrow networking event. This is a unique forum we host for emerging TMT leaders to learn from their peers, build their expertise and network across the industry to help shape their transition to...

03 June 2015

Bank restructuring remains centre stage

By Richard Thompson In March 2015, we hosted our sixth European Bank Restructuring and Debt Portfolio Conference. Our annual conferences explore the opportunities opened up by restructuring in the European banking industry and how sellers, investors and servicing companies can capitalise on them. Ten years to unwind? This year’s conference...

Top 5 tips to maximise value in public sector contracts

By Chris McFall While the economic outlook for the UK looks set to improve, the pressure on public finances continues. With significant further public spending restraint expected until 2017/18, this pressure is unlikely to fade away as the ‘new’ conservative government beds in during the rest of 2015 and beyond....

21 May 2015

Video: Expert Determination – recent developments

By John Fisher Expert Determination is a contractual process where parties in dispute agree to appoint an independent expert to resolve their dispute by making a determination on issues between them. The expert's responsibility is generally defined solely by the contract and the determination is normally binding, absent fraud or...