5 February 2019
Many clients and contacts have asked us over the past months whether Brexit has had a significant impact on the transactional activity we are seeing in the automotive marketplace. Whilst there is undoubtedly some uncertainty around the future of the country and our relationship with the EU, many businesses we have been speaking to are reporting strong, if not record-breaking profits for 2018, and hitting the ground running in 2019. Against that backdrop, whilst the UK Plc share prices remain at what look to be significantly discounted levels, the international interest in the UK market has never been greater; with the likes of AW Rostamani entering the UK with the majority share purchase of Brayley Cars in 2018. There are also a number of other groups looking at current opportunities which could see some new blood enter the market and most certainly help the ongoing consolidation piece.
The UHY team continue to work on a strong pipeline of opportunities so if you are interested in expanding your group further, or considering a longer-term exit strategy, please feel free to contact us in confidence.
For more information about this blog, please contact me or a specialist in our automotive team.
