Gambit Corporate Finance

All News

Human Capital Market Review H1 2021

20 September 2021

Gambit Corporate Finance LLP announces the publication of its Human Capital Market Review for H1 2021. This edition confirms a rebound in M&A activity in the sector in the first half of the year to pre pandemic levels and also considers the implications of the key trends, statistics and macroeconomic drivers that are in play for the rest of the year.

H1 2021 Report Summary

  • Deal volumes rebounded to pre pandemic levels in both Q121 and Q221, buoyed by a significant level of pent up demand and a resurgence of confidence from corporate development teams to undertake M&A.
  • UK companies have received heightened levels of attention owing to an abundance of quality assets, appetite from overseas acquirers and a perception that UK equities are trading at a discount to other major markets, such as the USA at present.
  • In H1 2021, deal values were also notably higher, driven by strong availability of debt to finance acquisitions, liquid corporate balance sheets and high levels of dry powder within the private equity market.
  • Pandemic related adjustments and trading normalisation mechanisms have continued to grow in importance in the post-pandemic M&A market and expert advisors are continuing to facilitate optimal value realisation through effective negotiation of key issues to maximise shareholder proceeds.
  • The current level of sectoral attention from investors looking to deploy record levels of capital will continue to spur an active M&A environment and this provides an opportunity for those looking to exit to do so at favourable valuations.
  • Tax rises are firmly on the domestic political agenda at present and potential sellers should look to capitilise on the current buoyant market conditions, before potentially significant tax changes take effect.

To read the full report, click here.