TAKEOVER attempts in the
The total number of bids for
The cumulative value of the proposed offers came to just £2.47bn, with bid activity heavily skewed towards small private equity-led deals.
"Bid activity was focused on the smaller end of the market, [with] 10 of the 11 firm offers for companies with undisturbed market capitalisations below £250m," Peel Hunt analysts said.
"After a quiet 2022, private equity showed signs of increasing activity with two-thirds of firm offers extending from a PE or privately owned bidder during the quarter," the analysts said.
(c) 2023 City A.M., source