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August 2020 Valuation Barometer

Deal volumes and valuations in July 2020

Download our latest monthly Valuation Barometer, covering deals and valuation multiples in UK M&A from July 2020.

Highlights

  • The last month saw a continuation of the recovery in post-COVID deal volumes, with M&A transactions involving UK companies increasing 12% to 245 from 219 in June.
  • The gross deal value was also up materially – we calculated that transactions valued at an aggregate £18.9 billion were announced or completed during the month.
  • Despite the month-on-month improvement, volumes remain subdued relative to ‘normal’ levels – July 2020 deal completions were down 32% against July 2019.

Spotlight Transactions

  • Swiss Re’s sale of its ReAssure Group plc subsidiary to Phoenix Group Holdings plc for £3.2 billion.
  • The merger of Vodafone Hutchison Australia (VHA) and TPG Telecom, which values VHA at A$7.5 billion.
  • The acquisition of Centrica’s North American subsidiary Direct Energy by US listed NRG Energy for $3.6 billion.
  • Resolution Life’s takeover of banking and insurance services provider AMP Life for $2.1 billion.

Download the full report here

Access to the full list of deals is reserved for members of the MarktoMarket Data Co-operative. For more information, please contact Doug Lawson, doug@marktomarket.io.