Experian reports fall in Yorkshire M&A activity
Jan 19 2010 by Henryk Zientek, Huddersfield Daily Examiner
MERGER and acquisitions activity in Yorkshire plunged during the fourth quarter of last year, latest figures have revealed.
The number of transactions in the region during the quarter fell by 48% to 51 deals compared with 98 during the previous three months.
A total of 299 deals were announced in 2009 as a whole – 38% down on the 2008 figure of 480.
The total value of deals in Yorkshire fell by 56% during the fourth quarter to £232.9m from £525.7m.
The annual figure was down by 80% to £1.58bn from £7.93bn in 2008.
Nationally, mergers and acquisitions during the fourth quarter fell by 24.5% to 4,269 from 5,656 last time.
The value of deals UK-wide rose by just 0.22% to £272.6bn.
The largest deal for 2009 in Yorkshire was worth £341.3m while the number of mid-range deals – those worth £10m to £100m – fell by 45% from 11 to six in the fourth quarter and by 35% from 43 to 28 during 2009 as a whole.