Mergers & Acquisitions in July 2014

July saw a total of 281 M&A deals as the third quarter of the year started relatively strong.

At £924m, the biggest deal of the month was Energy Investments Global Ltd’s acquisition of Heritage Oil plc which came into effect on the first of the month. At 320 pence per share, the final price represents a 25% premium on the closing price of 255 pence per share. Chief executive and founder Tony Buckingham retains a 20 per cent stake in the firm and will serve as an adviser for at least five years, as part of the agreement.

Another notable deal during July was Bestway (Holdings) Ltd’s £586 million acquisition of Co-Operative Healthcare Holdings Ltd.