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News – 10.04.24
Form PF: Are you up to speed with the latest developments?
Through this insight we will bring to your attention the main changes in a bitesize manner so that you can stay abreast of the requirements as they may apply to your firm. … Read more
Insight
Tax relief on heritage assets: Am I eligible?
For assets considered to be of national heritage, relief from Capital Gains Tax and Inheritance Tax is available. … Read more
Upcoming event – 13.06.24
VAT update for charities
VAT insights for charity finance leaders. Stay current with the latest case law analysis and HMRC updates for informed, compliant financial strategies. … Read more
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Trying to understand the impact of the adverse economic climate and subsequent instability on certain industries and companies is challenging to say the least.
In our Sector Valuation Insight Report, we have analysed a wide range of businesses, from smaller (<£100m revenue), mid-sized (£100m - £500m) and larger (>£500m revenue) sized businesses. We considered the movement of specific sectors as at March 2023, alongside the transactional volume in each sector over the first quarter of 2023. Which businesses will show resilience against the uncertain economic climate and what is the impact for investors’ existing and prospective portfolios?
April Q1 2023 report - An overview of headline trends as well as sector specific valuations, recent transactions, and related insights.
Overall market trend
Businesses continue to trade and transact with a fairly uncertain economic and political backdrop, with three key challenges across multiple industries being rising inflation, downward pressure on consumer spend, and supply chain issues.
Despite these difficulties, the M&A and investment market continues to be fairly active, with continued funding available and being newly raised, and in most sectors latest deal volumes are broadly in line with those of the same months 12 months prior. The only exception to this is that of Real Estate, which has seen an 86% decline from Apr-22 to Mar 23. Despite this, over 3,000 transactions were completed during the first quarter of 2023.
Sectors included
EV/EBITDA Variance
Average combined TEV/EBITDA Multiple (January 23 – March 23)
19.3 x
Growth in combined sector TEV/EBITDA multiple (January 23 – March 23)
1%
M&A Transactions (January 23 – March 23)
3,014
If you'd like to speak directly to one of our experts about the report findings, valuations, M&A or anything related to Corporate Finance, please get in touch below and we'll be in touch shortly.
10 August 2023.jpg)
Matt Katz
Valuations
3
Meera Shah
14 June 2023
Acquisition tax structuring
6
