Page 24

{ MERGERS & ACQUISITIONS }

GET READY FOR A BOOM IN M&A ACTIVITY By Nik Askaroff, CEO, EMC Corporate Finance

N

o sooner had I sat down to write this article, a paean of praise for how well the economy had performed in 2014, than the Old Lady of Threadneedle Street lobbed a small spanner in the works by downgrading its 2015 growth forecast a few notches from 3.1% to 2.9% and its 2016 forecast from 2.8% to 2.6%. But somehow I doubt whether this news will have done much to spoil Chancellor George Osborne’s Christmas, especially as it was accompanied by other figures that showed

24

unemployment tumbling again between July and September and real wages starting to outstrip inflation and looking set to do so through 2015. If you’d offered that set of figures to the Chancellor at the beginning of this year, I reckon he’d have bitten your arm off. So I guess we can all agree that, overall, the UK economy has performed pretty well in 2014. On a personal front, it has been an exceptional year, and not just because it was EMC’s 25th anniversary.

We have also had a really good year on the M&A front with several notable deals, including a couple of big trans-Atlantic ones, that earned us a flurry of top industry awards and an invitation from the Sunday Telegraph to provide a commentary for its annual M&A supplement, published on 7 December. We seem to have outstripped the market, certainly for the first half of the year which, according to the statistics, was, in Strictly Come Dancing terms, more waltz than quickstep.

Profile for Platinum Business

Platinum Business Magazine Issue 7  

Platinum Business Magazine, Issue 7. The independent business magazine for the Southeast.

Platinum Business Magazine Issue 7  

Platinum Business Magazine, Issue 7. The independent business magazine for the Southeast.