RISE IN YORKSHIRE DEAL SO FAR IN 2019 - EXPERIAN MARKET IQ
Tue 05 Nov 2019
Yorkshire has bucked the national trend with an increase in the number of deals recorded so far in 2019 compared to last year, according to a new report from Experian Market IQ.
The latest M&A Review found a 2 per cent rise in the number of transactions recorded in the Yorkshire and Humber region at 462, compared to 455 in 2018.
However, the combined value of the deals was down to £2.8bn from £10.9bn.
Yorkshire and Humber-based companies were involved in 9.2 per cent of all UK deals up to and including Q3 2019 and contributed 1.8 per cent to their total value.
No deals with a consideration above £1bn have been recorded in the region so far this year, with the largest so Macquarie Group' acquisition of Hull-based telecoms firm KCOM Group for £627m.
Macquarie was also involved in the second biggest deal in the region, after agreeing to take Castleford-based Premier Technical Services Group private in a deal valued at £265m.
Manufacturing (148), wholesale and retail (111) and professional services (108) remained the most active sectors for deals.
Experian has also named the region's most active legal and financial advisers so far in 2019.