M&A value drops across wealth despite rise in number of deals

67 acquisitions

The total value of mergers and acquisitions in the UK’s wealth management sector was £2.2bn less in the first half of this year than in H1 2022, according to EY.

Findings from the auditor's latest M&A analysis were published today (10 July) and looked at the value brought from all publicly disclosed deals between January and June. While £1.5bn in M&A value was accrued in the first half of the year, it is down significantly on the £3.7bn value recorded for the first six months of 2022. Foresight Group eyes more M&A as acquisitions boost assets EY noted this comes despite the number of deals having risen significantly. There were 67 M&A deals in the last six months, up from 55 recorded in the first half of last year. "UK financial services...