The total value of mergers and acquisitions (M&A) in the UK’s wealth management sector was £2.2bn less in the first half of this year than in H1 2022, according to EY.
Findings from the auditor's latest M&A analysis were published today (10 July) and looked at the value brought from all publicly disclosed deals between January and June. While £1.5bn in M&A value was accrued in the first half of the year, it is down significantly on the £3.7bn value recorded for the first six months of 2022. EY noted this comes despite the number of deals having risen significantly. There were 67 M&A deals in the last six months, up from 55 recorded in the first half of last year. "UK financial services M&A activity recorded a ten-year high in the number of transa...
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