September saw a total of 125 M&A deals across the UK, with a total spending of over £80 billion. There were a number of significant deals completed across a variety of industries.
Jardine Lloyd Thompson Group plc was acquired by Marsh & McLennan Companies Inc, in a deal worth £4.9bn. The global professional services firm announced the acquisition of Jardine Lloyd, a leading provider of insurance, on 17th September 2018.
Dan Glaser, CEO of MMC, commented: “The acquisition of Jardine Lloyd Thompson creates a compelling value proposition for our clients, our colleagues and our shareholders. The complementary fit between our companies creates a platform to deliver exceptional service to clients and opportunities for our colleagues. On a personal level, I have come to know, and respect, Dominic Burke and his management team from my time both at MMC and as an underwriter. I am confident that with the addition of the talented colleagues of JLT, Marsh & McLennan will be an even stronger and more dynamic company.”
Other deals completed within professional and business services, included the acquisition of Chilli Telecom by Communicate Better Ltd, a leading telecoms provider. David Gall Solicitors Ltd was also acquired by Critchley Hall Solicitors.
Within the education sector, Cognita Schools Ltd, a private schools operator, was acquired by Jacobs Holding AG, a Switzerland based investment company, for £2bn.
Cognita operates 70 schools around the world, 38 of which are in England. Cognita have indicated that nothing will change in terms of the day-to-day running of the schools, but also commented the deal will allow ambition and growth. This is just one example of an overseas private equity firm investing into a UK company.
The energy sector was very active again this month, with Seagreen Wind Energy Ltd acquired by SSE plc, after July and August also saw a significant number of deals completed within this area.
Within the retail sector, there were a number of deals completed which involved high-street names, including the acquisition of No Ordinary Shoes Ltd by Ted Baker plc.
Overall, September 2018 has seen a significant number of deals completed, with all major sectors seeing high levels of buyer interest from both UK and overseas acquirers.
As we move into Q4 of 2018, we are seeing high levels of M&A activity, as many look to close deals before the end of the year. This could mean that now is the opportune time to consider your own exit strategy options and potential company sale.
Our team of experts are available to discuss your company, and its potential value, on 0203 441 2003.
Alternatively, you can use our free valuation calculator, which will quickly and accurately provide you with a company valuation.