Bodycote PLCVeritas Capital's acquisition of Bodycote for approximately £1.65 billion is the latest and largest UK takeover deal.
Bloomberg News reports that the value of takeovers of companies listed on the UK stock market since the start of the year has surged more than 200% to nearly $110 billion, following a summer that saw several large deals announced, with foreign investors and private equity firms still seeking attractively valued businesses. The latest and largest deal is Veritas Capital's acquisition of Bodycote Plc for approximately £1.65 billion, or $2.2 billion, while Epiris has offered around £1 billion to buy Gamma Communications Plc, and Norway's energy company DNO has reached an agreement to acquire Capricorn Energy Plc for about £292 million. These deals follow the busiest summer on record for the UK M&A market, which previously saw acquisitions of EasyJet Plc and Segro Plc. Much of the buying has come from foreign companies and private equity funds looking for attractively priced assets in the UK stock market, which offers appealing valuations. Several UK companies have already been acquired, including Schroders Plc, Intertek Plc, and Beazley Plc. The acceleration of M&A deals is good news for investment banks in London, but it reflects the long-term challenges facing the UK capital markets, as London experiences a sluggish IPO and listing market, which could impact the ecosystem of the financial industry in the city.
Bodycote PLCVeritas Capital's acquisition of Bodycote for approximately £1.65 billion is the latest and largest UK takeover deal.
EasyJet PLC
Intertek Group PLC
Dno ASADNO reached an agreement to acquire Capricorn Energy Plc for about £292 million, an M&A deal for the buyer.
Capricorn Energy PLCNorway's DNO agreed to acquire Capricorn Energy Plc for about £292 million.
Beazley plc
Schroders PLC
Gamma Communications PLCEpiris has offered around £1 billion to buy Gamma Communications Plc.
Segro Plc