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M&A activity 'gathering momentum' in finance sector

28 February 2010

The market for mergers and acquisitions (M&A) in the financial services sector is beginning to grow after experiencing a major decline last year, a new study has indicated.

According to the latest report on the industry from PricewaterhouseCoopers (PwC), the value of finance deals reached its lowest level for six years in 2009.

However, private sector activity is expected to increase significantly this year, with 73 per cent of M&A professionals taking part in the survey believing that the appetite for deal-making will enjoy an upturn.

Financial institutions are expected to be the most prominent bidders for M&A targets in the sector, with PwC stating that private equity firms will continue to be active in "niche areas".

PwC partner Nick Page commented: "A restructuring-led wave of deal activity has started to gather momentum across the financial services industry and the private sector is predicted to see a resurgence."

Ernst & Young recently predicted an increase in M&A within the oil and gas sector this year, driven by the renewed flow of equity capital and new development projects.

Categories: Financial Services


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