Mergers and acquisitions (M&A) activity grew in October last year as sellers rushed to complete deals ahead of the capital gains tax rise announced in the autumn Budget says RSM UK.
Figures from the Office for National Statistics (ONS) for the final quarter (Q4) of 2024 show the total combined number of cross-border and domestic M&A transactions involving a change in majority share ownership increased from 147 in September 2024 to 186 in October before falling to 151 in November and 65 in December. There were 402 domestic and cross border M&A deals in that quarter down from 464 the previous quarter.
James Wild partner and head of M&A at RSM UK said: ‘October saw a flurry of activity as sellers rushed to complete ahead of the CGT increase announced in the budget. On the plus side the rise...
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