KPMG react to UK Q3 M&A data

Rob Baxter, UK Head of Corporate Finance at KPMG, commented:

“A combination of domestic and global factors continues to suppress UK dealmaking. But while the cost of borrowing will remain high, slowing inflation and a belief that central bank rates may have peaked are providing hope that more benign economic conditions can support successful dealmaking in 2024. 

“Even in the current challenging landscape, deals involving high quality businesses are still getting done, but for the market to recover - boards, investment and credit committees need to feel that economic stability is here to stay.”

For further information please contact: 

Simon Wilson, KPMG UK Media Relations Manager 

Tel: +44 (0) 207 311 6651

Mob: +44 (0)778 537 3397

Email: simon.wilson@kpmg.co.uk     

About KPMG UK:

KPMG LLP, a UK limited liability partnership, operates from 20 offices across the UK with approximately 17,000 partners and staff. The UK firm recorded a revenue of £2.72 billion in the year ended 30 September 2022.  

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. 

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