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27 April 2017

Speed is of the essence if you want to avoid being caught in asset and wealth management’s ‘squeezed middle’

By Stephen Jones With a number of high profile planned mergers announced over the past few months, large scale deal activity within asset and wealth management is gathering pace. Why now? The transaction rationale has been building for some time in a market that favours niche specialisation on the one...

06 April 2017

Supply Chain Finance: Realising your working capital potential

By Daniel Windaus and William Extra In recent years, economic volatility and the lengthening of supply chains through globalisation has increased the challenge for businesses to remain financially sustainable. This has had drastic implications for managing working capital and liquidity; with consequences for cash-to-cash cycle time and the performance of...

05 April 2017

Deals Index: After a subdued 2016, is Article 50 a new beginning for deal activity?

By James Fillingham Follow @JSJFillingham 2016 was an eventful year for the United Kingdom with the Brexit referendum, but less so for the deal market, which remained broadly stable throughout the year. The question now is what next, especially with the recent triggering of Article 50? Read our latest edition...

03 April 2017

M&A in Europe: The Brexit effect on Retail, Consumer & Leisure

By James Archer 2016 was a tough year all round for M&A in the EU. M&A activity was muted leading up to the EU referendum, and even more uncertain after it, not least because the result was not what had been expected. So what now, some nine months later, and...

Assessing the impact of IFRS 9 - not looking too onerous for banks or is it too early to tell?

By Attul Karir As banks prepare to implement the new forward looking model for loan loss provisioning (IFRS 9 in January 2018), market commentary is suggesting that although loan loss provisions will increase by 18% on average and up to 30% for some, the impact on capital will be fairly...

31 March 2017

M&A in Europe: The Brexit effect on manufacturing

By Midé Coker 2016 was a tough year all round for M&A in the EU. M&A activity was muted leading up to the EU referendum, and even more uncertain after it, not least because the result was not what had been expected. So what now, some nine months later, and...

22 March 2017

The dominance of PE backed IPOs

By Mark Hughes Snapshot: Resurgence of private equity backed IPOs since 2012 More companies have undertaken dual-track processes following market uncertainties in recent years PE-backed IPO pipeline remains strong Since 2012, we have seen a resurgence of IPOs backed by private equity (PE) with over 60% of total UK IPO...

21 March 2017

Act now to avoid regulatory action for failing to improve quality

By John Morris In our last blog, we discussed the expected change in focus from the Care Quality Commission (CQC) as they attempt to tackle services which are failing to improve between inspections. This could have significant implications for operators, should the CQC decide to apply an overall inspection rating....

17 March 2017

2017 Framework for action: valuation uncertainty for insurers

By Elena Saarbrucken The European Insurance and Occupational Pension Authority (EIOPA) and National Supervisory Authorities (NSA) of the EU and EEA plan to introduce substantial changes to the recovery and resolution framework for insurers in mid - 2017. Regulators have identified a number of gaps and shortcomings in their existing...

What do organisations really want from their Facilities Management suppliers?

By Derrick Tate I am passionate about the Facilities Management (FM) industry and proud of what FM does. But I do want to raise standards. Companies should buy and manage FM better and suppliers ought to sell and deliver it better. The industry is changing. Contracts are getting larger and...

16 March 2017

Europe’s unwanted loan portfolios

By Richard Thompson The European banking sector is going through unprecedented restructuring - many banks do not make an adequate return on equity and the well publicised volumes of loan portfolio trades are not just about shifting non performing lending but are part of a broader restructuring agenda. The chart...

08 March 2017

Care home operators to face tougher regulatory scrutiny of quality improvement and leadership

By John Morris The quality regulator of adult social care in England, the Care Quality Commission (CQC), is planning to make a number of important changes to its inspection framework during 2017. The changes are intended to give fresh impetus to quality improvement across the sector. In particular, the CQC...

03 March 2017

Bridging the gap: Innovative structures supporting Oil & Gas deals

By Neil Leppard and Ben Stuart Over the last year, the Oil & Gas sector has seen an increase in the number of deals with a contingent pricing mechanism. In other words, transactions where there is an additional future payment from buyer to seller if certain specific criteria are met,...

24 February 2017

Value in Completion Accounts

By Ermelinda Beqiraj and Helen Hankinson Blog snapshot Between 40% and 60% of M&A transactions have a completion accounts mechanism, adjusting the purchase price after completion to reflect the actual cash, debt and net working capital of the Target at Closing. Seasoned deal doers know that value can be won...

22 February 2017

Making a success of uncertainty: Highlights from Ben Clarke’s speech to the PwC Food Forum

By Neil Sutton One of the great things about the Food Forum is that it gives leading figures from the sector the chance to step back and look at the bigger picture. One of the best examples this year was Ben Clarke’s presentation in early February. As the former CEO...