This article is provided by BRC Associate Member, Grant Thornton.
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Small deals boost retail M&A
With larger deals on hold, H1 2024 retail sector M&A focused on small businesses and distressed or stressed assets. Nicola Sartori explains how a brighter economic outlook is slowly resetting investor interest.
Trading remains tough for UK retailers as the cost-of-living crisis continues. This was reflected in our analysis of UK retail M&A in the first half of 2024 using data from Mergermarket.
There were 29 transactions, a marked increase on the previous two halves (19 deals each). However, the majority of deals in H1 2024 involved smaller and distressed retailers, as large investors continued to avoid consumer-facing assets.