Introduction
Here is a summary of some of the notable M&A deals that have closed in London recently, along with the companies involved and the sectors they operate in:
Deal |
Acquirer |
Target |
Sector |
EQT Exeter acquires Prologis portfolio for £5 billion |
EQT Exeter |
Prologis |
Logistics |
Blackstone acquires Extended Stay America for £8.3 billion |
Blackstone |
Extended Stay America |
Hotels |
KKR acquires American Tower for £9 billion |
KKR |
American Tower |
Communications infrastructure |
Carlyle Group acquires stake in Landmark Property Group |
Carlyle Group |
Landmark Property Group |
Real estate development |
Goldman Sachs advises on sale of portfolio of hotels to Apollo Global Management |
Goldman Sachs |
Undisclosed |
Hotels |
JPMorgan Chase advises on sale of portfolio of industrial properties to Blackstone |
JPMorgan Chase |
Undisclosed |
Industrial real estate |
These deals highlight the continued strong appetite for M&A activity in London, even in the current economic climate. Investors are particularly interested in sectors such as logistics, hotels, communications infrastructure, and real estate.
Analysis
The deals recently announced are all relatively large, suggesting that investors are still willing to make big bets on London assets. This is despite the fact that the UK economy is facing a number of challenges, including high inflation and rising interest rates.
The fact that investors are particularly interested in sectors such as logistics, hotels, communications infrastructure, and real estate suggests that they are bullish on the long-term prospects of these sectors. Logistics is benefiting from the growth of e-commerce, while hotels are benefiting from the return of international travel. Communications infrastructure is essential for the digital economy, and real estate is always a popular asset class for investors.
Conclusion
Overall, the recent M&A activity in London is a positive sign for the UK economy. It suggests that investors are still confident in the long-term prospects of the UK, and that they are willing to invest in London assets.