Cross border deals involving North West companies have doubled over the past year according to research conducted by Deloitte in partnership with Experian Corpfin.
The volume of deals increased from the 59 in 2017 to 120 in 2018, with value up 450% from £1.2bn spent in 2017 to £6.6bn in 2018.
The US remained the most prolific country for both inbound and outbound deal activity, with nearly 40% of all transactions involving an American company. Germany was next with 10, followed by the Republic of Ireland, Sweden, the Netherlands, France, Italy and Australia.
Olly Tebbutt, partner at Deloitte in the North West, said: “With the Brexit deadline approaching, it is perhaps unsurprising to see a number of the region’s companies look to solidify their presence in global markets.
This will enable them to hedge against any further economic uncertainty and bolster their existing offering in new locations.
It is also encouraging to see in figures the increase in interest from overseas buyers, which confirms the level of engagement we are seeing from foreign purchasers in ongoing transaction activity.”
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