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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...

PwC Deals Index – Quarterly deal volumes up 50% year on year*

By James Fillingham With 268 deals completing in Q1 2015, our latest Deals Index shows that mergers and acquisitions (M&A) deal volume has increased by 50% compared to Q1 2014. Continued improvement of the macroeconomic environment, increasing market confidence, an ongoing favourable debt market and the traditional deal market drivers...

20 May 2015

Sales of European bank loan portfolios up 20% year on year

By Richard Thompson 2015 has got off to a strong start and the signs are good for another busy year in the transaction market. €20bn of portfolios have already transacted in the year. This is around 20% up on this time last year and, with €39bn of portfolio transactions in...

19 May 2015

Video: No pain no gain – M&A opportunities in oil and gas

By Matthew Alabaster It’s well known that the oil price collapsed from around $115/barrel in June 2014 to below $50/barrel in January 2015. Since then, the price has bimbled along at between $55 and $65 per barrel. As a result relating company value to oil price has been challenging. However...

18 May 2015

Insurance broker deals - are you deploying your cash effectively?

By James Ferris Is your calculation of Threshold Condition 2.4 impacting value? Despite a "steady" reporting season across the insurance industry, deals activity in the broker sector was still relatively high in Q1. With this in mind I thought I’d examine another way to maximise value within the sector -...

13 May 2015

Long-term and complex contracts – the importance and challenge of effective management

By Steve Bewick Contracting is at the core of many business relationships and there is an increasing prevalence of large, long-term contractual agreements. Many businesses are entering into contracts for facilities management, IT services, HR services, software licenses – the list is extensive. There is often a great deal of...

08 May 2015

Cloud secrets – A view from the Valley on Tech M&A

By Barry Jaber, Carol Lee and Simon Russell Cloud is the most significant architectural shift in the history of computing. Unsurprisingly, its impact is being felt across the IT industry value chain and has very real and short term implications for European tech companies. We recently hosted a breakfast seminar...

06 May 2015

The Deals Lens - Lies, damned lies and statistics: What really happened to M&A in 2014?

By James Fillingham Recent data from the Office of National Statistics (ONS) told us that UK mergers and acquisitions (M&A) in 2014 saw the lowest volume of deals in almost 30 years. This was widely reported in the press with many market commentators, me included, expressing views along the lines...

05 May 2015

UK corporates are wasting £2bn a year

By Tim Walsh Is corporate simplification sufficiently high up the board room agenda for your organisation? The number of companies on the UK register currently stands at some 3.4 million. Despite record levels of unwanted, dormant or insolvent companies being removed, the rate of incorporations currently outnumbers dissolutions by a...

27 April 2015

Messenger Money - sending a shock to global remittance companies?

By Fergus Lemon Global remittances are projected to total US$608 billion in 2015 according to the World Bank’s Migration and Development Brief from October. Remittance costs are high - the global average cost of sending $200 was estimated at 7.9% (Q3 2014) – and the market is dominated by banks...

21 April 2015

Video: Unified Communications - collaboration simplified

By Nicholas George A few weeks ago I published a blog about Unified Communications (UC). UC is a common buzzword in today’s information, communication and technology (ICT) marketplace. UC is an overlooked sector. It has high consistent growth, it’s a hot market without being overheated and there’s an opportunity to...

20 April 2015

How IT strategy can deliver value in a carve-out

By Grainne Marry By taking a strategic view of business operations and IT, a carve-out presents a great opportunity to increase the sale proceeds. By developing a strategic vision for the standalone IT landscape, business owners can boost value for all parties, whilst also creating IT that is both ‘fit...

15 April 2015

Politicians or business leaders? Who will drive European financial services M&A in 2015?

By Andrew Cann European financial services mergers and acquisitions total deal value fell 21% in 2014 over 2013 – from €64.9bn to €51.2bn. Gloomy statement? Perhaps? But these numbers mask a 33% increase (to €45.9bn) in non-governmental activity. What drove the overall decline? What happened with deal values? How did...

14 April 2015

Beyond the banks - credit funds provide a boost to private businesses

By Paul Ambrose The recession and subsequent benign economic conditions in the UK have meant that many private company shareholders and management teams have not necessarily felt able to achieve all their ambitions for their businesses. The contraction in bank lending since 2008 has meant that strategic aims such as...

01 April 2015

Rational Exuberance

By Simon Hampton It’s been a hectic few weeks. First I was in Berlin for our hotels conference and launch of European Cities Hotel Forecast 2015 and 2016. Great event and lots of interesting chat about the possible implications of the buoyant investment outlook on pricing. Deal activity The report...