OVERVIEW

Highlights from our June 2025 Valuation Barometer, covering deals and valuation multiples in UK M&A in May 2025. Request the Executive Summary below.

HIGHLIGHTS

UK M&A activity declined in May 2025 with 338 deals recorded by the publication date, ending a five-month streak of consecutive growth since the beginning of the year.

DEAL COMMENTARY

The largest deal in May was NTT Corporation’s acquisition of NTT DATA Group Corporation for £12.3bn.

SPOTLIGHT TRANSACTIONS

Other deals during May included:

• London Metric Property’s acquisition of Urban Logistics REIT PLC for £699 million.
• TA Associates’ acquisition of FD Technologies for £570 million.
• FirstCash’s acquisition of Pawnbroker H&T Group for £351 million.

The smaller end of the market witnessed the following deals:

• K-Bro’s acquisition of Star Mayan for £107 million.
• Sureserve’s acquisition of Kinovo for £56.4 million.
• Brave Bison’s acquisition of MiniMBA for £19 million.

SAMPLE COMPLETED AND ANNOUNCED M&A MULTIPLES – May 2025

Request the executive report below. Please contact olga@marktomarket.io to discuss access to the full list of deals in the MarktoMarket Valuation Barometers.

For the full list of previous Barometers – visit our reports page