OVERVIEW

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

HIGHLIGHTS

UK M&A activity continued its upward trend in July 2025, with 401 deal completions recorded as of the publication date.

DEAL COMMENTARY

The largest deal was Athora’s acquisition of Pension Insurance Corporation Group (PICG) for £5.7 billion.

SPOTLIGHT TRANSACTIONS

Other deals during July included:

• Carpay’s acquisition of Alpha Group for £16 billion.
• Compass Group PLC’s acquisition of Vermaat Groep for £1.3 billion.
• SS&C Technologies’ acquisition of Calastone for £766 million.

The smaller end of the market witnessed the following deals:

• Marex Group PLC’s acquisition of Winterflood Securities (part of Close Brothers Group PLC) for £103.9 million.
• Norcros PLC’s acquisition of Fibo for $45 million.
• Card Factories PLC’s acquisition of Funky Pigeon for $24 million.

Request the executive report below. Please contact doug@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.