another significant year, December showed an increase in deal volumes in
comparison to the previous month with an impressive figure of 121 deals, of
which 40 were overseas acquirers. This highlights an increase of 16% from
November as well as a 67% increase in overseas acquisitions.
deal value this month presents a substantial figure of £2.6 billion. This
involved the acquisition of Inmarsat plc, a British satellite telecommunications
company, offering global mobile services, by Connect Bidco Ltd.
value deals for the month include the acquisition of Kantar UK Ltd by Bain
Capital LP for £1.83 billion; The Equitable Life Assurance Society by Life
Company Consolidation Group Ltd for £1.8 billion; Prudential plc’s annuity
business by Rothesay Life plc for £1.5 billion; and Eaton Towers Holdings Ltd
by ATC Heston BV for £1.4 billion.
Infrastructure Partners LP acquired Wireless Infrastructure Group Ltd for £575
million. Scott Coates, CEO of Wireless Infrastructure Group, said, “We are
delighted to welcome Brookfield as our shareholder and for the opportunity to
partner with large-scale patient capital. Brookfield is one of the world’s
largest infrastructure investors and its focus on data infrastructure and
developing assets that can transform communities, aligns with our ambition to
help improve connectivity across the UK”. Sam Pollock, CEO of Brookfield
Infrastructure further commented, “We are very pleased to be partnering with
the management team at WIG to support their continued growth. We have been
impressed by the Company’s accomplishments to date and look forward to
supporting WIG’s continued expansion, both in products and geographies. WIG is
our first investment in UK data infrastructure and underpins our commitment to
both sector and country”.
A number of
acquisitions have taken place within the IT and software development sector
during December. Skymoons Edinburgh Limited was obtained by an overseas acquirer,
HK Zhuo Yue Chen Xing Co., Ltd for £8.7 million; Netalogue Technologies plc was
acquired by TrueCommerce Holdings Ltd for £5.7 million; and Lakeview Computers
Ltd was acquired by Kerridge Commercial Systems Ltd.
Legal & General
Insurance Ltd, was acquired by Allianz Holdings plc for £242 million. Legal
& General Chief Executive Nigel Wilson commented, “Selling the general
insurance business is the right decision for our customers and shareholders. We
continue to focus on delivering against our strategy, allocating shareholder’s
capital rigorously. Our GI customers will benefit from strength and
capability of Allianz in the household
Some of the
overseas deals this month include: DS Smith Plastics Ltd was acquired by
Olympus Partners LP for £445 million; Eland Oil & Gas plc was acquired by
Seplat Petroleum Development Company plc for £382 million; Elegant Hotels Group
plc was acquired by International Hotel Licensing Company Sarl for £151 million;
Plastique Ltd was acquired by Sonoco Plastics Inc for £142 million; and
Inchcape Fleet Solutions Ltd was acquired by Toyote Fleet Mobility GmbH for
this months’ M&A activity has taken place in a varied range of sectors,
with significant deals contributing to this month’s overall figure. With active
public trader buyers as well as private equity investors, the UK continues to
appeal to acquirers from both the UK and overseas.
Our team are
highly experienced and can assist you in realising the value of your company.
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