European M&A sees a disappointing quarter

Author: Jimmie Franklin | Published: 11 Jul 2019

Recent analysis shows that M&A deals have dipped.

According to results from Willis Towers Watson’s Quarterly Deal Performance Monitor, run in partnership with Cass Business School, the global market has now underperformed for seven consecutive quarters.

An Allen & Overy M&A Insights report showed that global deal value fell by 12% year-on-year in the first half of 2019, and global deal volume fell by 16%, demonstrating a downward trend across most regions, driven by political and economic volatility.

"If you draw more globally, the political unrest that has been going on is an indication of the distress that the market is in," said Gabe Langerak, Western Europe leader for M&A consulting at Willis Towers Watson.

Almost inevitably, it is believed that Brexit takes some blame for the UK’s less than impressive results. This was felt by Jana Mercereau, head of corporate mergers and...