Stating that 'momentum continues to build', the Magic Circle firm said: 'Significant strategic deals are still the order of the day. Investors have the confidence to contemplate big and often complex crossborder deals.'
Optimism
Looking to Europe, it highlights Banco Sabadell’s £1.7 billion takeover of TSB - 'the first big European cross-border banking deal since the financial crisis'. It continues: 'Whether this is a turning point for the sector remains to be seen, for now most transactions remain relatively small and there’s a shortage of buyers for distressed assets.' Although it sits on the fence about the future, the report does state that the outlook 'remains optimistic'. Source: A&O
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