.Welcome to the August edition of AI magazine.
According to Sam Pearse of Pillsbury Law, uncertainty percolated through to the M&A market in advance of the EU referendum vote, with activity value in the UK dropping 51% on-quarter in the April-June period, from $38.9bn to $19.3bn.
Paul Tate of Frost & Sullivan believes that, “the true impact of Brexit on British, European and global manufacturing companies looks set to be clouded by continuing uncertainty until the EU and the UK’s new government thrash out an acceptable plan of action for both sides – and that could take at least two years.”
Seyfarth Shaw LLP are optimistic about the post-Brexit world, stating that in the post- Brexit environment, they “are working with institutional investors and traditional real estate investment companies to capitalise on opportunities in the U.K. and Europe.”
Expert Andy Moseby at Kemp Little believes that many will see Brexit as an opportunity. “A fall in the value of sterling makes UK assets more attractive to dollar-rich investors and buyers. Corporate tax rates are favourable and the legal and regulatory environment continues to be robust” he explains.