The Brexit vote has triggered a significant drop in mergers and acquisitions activity in the UK, according to new academic figures published today.
Researchers have found that, almost a year on from the vote, deal activity has fallen by 15 per cent, or a drop of around 60 mergers a month from the 430 average seen in the run up to it.
Since then M&A activity has failed to recover to its pre-referendum level according to the research carried out by the University of East Anglia (UEA).
However, evidence points to the referendum affecting smaller deals more than proportionately, which possibly means that bigger deals are more cushioned from the uncertainty of Brexit.
In contrast, the overall value of the smallest M&A deals has fallen in relative terms, from $5.7m before the Brexit vote to $4.5m post-referendum, down 21 per cent.
Full Content: The Yorkshire Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
