Mergermarket M&A Forum UK 2025

location_on Nobu Hotel London Portman Square, London Map
  • Agenda keyboard_arrow_down
    08.00 - 08.55
    BST

    Registration and Breakfast

    08.55 - 09.00
    BST

    Chair’s opening remarks

    Charlie Taylor-Kroll
    Charlie Taylor-Kroll UK Bureau Chief, Mergermarket
    09.00 - 09.30
    BST

    Trump, tariffs and technology - The future of global M&A

    In this keynote interview, a high-profile speaker will review the global M&A landscape, considering US trade wars, the UK’s tech sovereignty, what ‘Global Britain’ has meant for dealmakers and the UK’s unique positioning between US and EU regulatory regimes.

    09.30 - 10.15
    BST

    UK deal drivers – The impact of macroeconomic uncertainty on M&A

    Parliamentary elections in the UK, Germany and France. The return of President Trump to the White House. If 2024 was marked by political risk, 2025 has not let up. Dealmakers in the UK had hoped to return to a more dynamic M&A environment, but Chancellor Rachel Reeves' Spring Statement has not put to bed concerns over her fiscal headroom. Trump continues to pick apart the global financial order. Post-Brexit, post-globalisation, UK dealmaking success depends on navigating this evolving environment through the prism of political, fiscal and regulatory risks and opportunities. How can dealmakers chart this course?  

    • Who are the main dealmakers in the UK market now? Corporate acquirers, private equity firms or family offices?
    • How is the UK’s attractiveness holding up in a fractured environment? Which sectors are most attractive to acquirers? 
    • How are acquirers finding valuable assets? Are PE funds looking towards public assets in a hunt for value? Do take-privates and BRILOs present opportunities or risks? 
    • FTSE vs private markets – what is driving the widening valuation gap? Is there hope for London’s IPO market as an exit venue?
    • Getting ready for M&A – what financing options are there for acquirers? What role can debt financing play?
    10.15 - 11.00
    BST

    Private equity’s evolving role in UK dealmaking – Risk-on or risk-off?

    Private equity funds have been under increasing pressure to deploy and realise following two years of tricky M&A markets. Buyout activity is expected to remain on the uptick, but normalised valuations and emboldened LPs are forcing sponsors to change the way they buy, grow and sell. How is private equity’s role in UK dealmaking evolving? 

    • How are new deals being structured to ensure good outcomes for GPs, LPs, portfolio companies and lenders? 
    • How are sponsors shoring up their portfolio companies to ensure growth in volatile markets? 
    • Which new strategies are private equity firms raising and deploying to be proactive in capturing current dealmaking opportunities? 
    • What’s the competitive landscape for UK-based sponsors as more global funds and other types of investors, like family offices, enter the UK market?
    11.00 - 11.30
    BST

    Networking Break

    11.30 - 12.15
    BST

    Strategic sectors focus - Defence, energy and the future of ESG investment

    A recent wave of foreign takeover approaches for companies in politically sensitive sectors, from semiconductor firms Arm and Newport Wafer Fab to cyber-security firm Darktrace and defence companies Cobham, Ultra and Meggitt, plus consistently low valuations, have left UK companies vulnerable to acquisition. This trend has raised questions about whether foreign ownership of strategic assets is in the country’s best economic and national-security interests. At the same time, the UK government has committed to increased defence spending, and BP has doubled down on their commitment to investment in oil and gas. What do these trends mean for the UK’s strategic industries and for domestic and foreign acquirers? 

    • What is the outlook for valuations of UK companies? Is the UK becoming more attractive to foreign buyers?
    • With an increase in foreign ownership approaches of UK strategic assets, what regulatory responses might we expect? 
    • What does the UK government’s increase in defence spending mean for acquisitive firms? Can PE funds access opportunities in the sector due to constraints from LPs on investing in certain sectors? 
    • What is the future of renewables investing and ESG-focused investing given recent commitments to oil and gas?
    Lucinda Guthrie
    Lucinda Guthrie Moderator Executive Editor, Mergermarket
    Matt Mullan
    Matt Mullan Chief Counsel M&A and Strategic Alliance, BAE Systems plc.
    12.45 - 13.45
    BST

    Lunch

    13.45 - 14.30
    BST

    The new dealmaking rules – Evolution of origination and integration

    In the AI era and following fundamental shifts in workplace dynamics, M&A practitioners face new challenges and opportunities. In this panel, dealmakers will explore how the traditional M&A playbook is being rewritten. From AI-advancements in due diligence and origination to navigating complex integration processes in hybrid work environments, experts will share practical insights on maximising deal value in today’s business landscape. Drawing from recent transactions, panellists will discuss strategic and tactical elements that separate successful deals from disappointing outcomes.  

    • How are firms really using AI technologies in the dealmaking process from origination to integration and what new approaches are emerging to measure the true ROI of an acquisition? 
    • What proven strategies enable the successful integration of small and mid-cap companies into larger corporate entities while preserving the value drivers that made them attractive targets? 
    • To what extent does organisational culture impact integration outcomes and what metrics can effectively measure cultural alignment between acquirer and target? 
    • How significantly do remote and hybrid work policies influence integration strategies and what adjustments are required to ensure workforce cohesion in today’s environment?
    14.30 - 15.15
    BST

    Regulatory round table – Navigating the new UK environment

    The UK government has consulted on a new ‘strategic steer’ to the Competition and Markets Authority, pushing for greater emphasis on economic growth and the agency’s own review on merger remedies aligns with this new direction. Is Westminster wanting to let other jurisdictions play the ‘bad cop’? Will it now be rarer to see the CMA weighing in on US-centric deals? Is this just a minor change in mood music, or a serious rewiring? 

    • What concrete changes are being applied to merger control at the CMA?  
    • Will the CMA still take a strong stance on AI partnerships, such as Microsoft’s deals with Inflection and OpenAI as well as Amazon/Anthropic? 
    • Which other sectors are facing regulatory scrutiny in the UK?  
    • Does the government risk overstepping the mark with its ‘strategic steer’?
    15.15 - 15.45
    BST

    Networking Break

    15.45 - 16.30
    BST

    Beyond the buyout - Alternative investor strategies in the UK mid-market

    Companies in the mid-market are facing numerous tailwinds including increased National Insurance Contributions and the reduced threshold for employee earnings, supply chain crises and wider volatility, which means founders need to weigh up all the options available to deliver the best results. Numerous solutions are now available including minority stakes, preferred equity, ‘dequity’ models and more have risen as potential capital solutions alongside the more traditional buyout model. Our panel will unpack what investors can offer to corporates beyond the buyout.   

    • Are more founders looking for capital solutions and is this typically a majority buyer or another solution?  
    • What is driving deal flow outside of the buyout universe?  
    • How do non-majority investors structure their deals to ensure adequate upside gain and downside protection?  
    • What role can advisors play in helping non-sponsor backed SMEs outside of the M&A cycle?
    16.30 - 17.00
    BST

    The LSE strikes back - UK and European IPOs back in vogue

    The geopolitical sea change brought about by the election of US president Donald Trump and his supercharged America First agenda is causing European companies to look closer to home when evaluating listing venues. After years of reform and review, the UK is primed to take advantage of this shift in mindset, presenting an issuer friendly, liquid, location for companies to list their shares. Is it time to get excited about UK IPOs again? 

    • How has the changing regulatory environment in the US and trans-Atlantic trade hostilities impacted thoughts on listing venues? Are we about to see a change in the doom and gloom narrative around UK IPOs? 
    • What have been the key reforms over the past few years that have made London more attractive for IPO issuers? 
    • For all the talk of a lack of new listings in London in the mainstream press it is a remarkably liquid and efficient stock exchange what is are structural the advantages if being listed in London? 
    • What should prompt an issuer to look at London vs. a listing say in a home continental European market? What work is left to do to make London more attractive for IPO issuers? What steps can the new UK government take to promote this? 
    17.00 - 18.45
    BST

    Dealmakers and Trailblazers: Networking Reception

    In association with KPMG.

    Join us straight after the conference for a special networking reception celebrating women in M&A and corporate development.

    Dealmakers and Trailblazers is an inclusive event open to all delegates attending the Mergermarket M&A Forum UK. Co-hosted by Mergermarket and KPMG, the reception offers a unique opportunity to connect face-to-face with women across the M&A ecosystem—sharing experiences, exchanging best practices, and building meaningful relationships in a relaxed, supportive setting.

    We’ll also be joined by a very special guest speaker, Michelle Le Merre, Finance Director – Corporate Development & Strategy at BAE Systems.

    We believe that gender equity and inclusivity are important values, and we want to create a networking event that reflects that. That's why we're inviting everyone to join us, regardless of gender identity. Allies who support gender equality and inclusivity are welcome too!

    Access to the reception is included with all in-person tickets.

    If you're not attending the full forum but would like to join us for the reception, simply select the "Dealmakers and Trailblazers" ticket option to gain access to this dedicated evening event.

    We look forward to welcoming you for an inspiring evening of connection, celebration, and community.

    Sponsored by
  • Speakers keyboard_arrow_down
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    Imogen Richards Partner Pantheon Bio
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    Jim Weight Managing Partner Weight Partners Capital Bio
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    Stephen Edwards Co-Managing Partner Soho Square Capital Bio
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    Matthias Homann SAP WalkMe GTM CoE SAP
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    Sandra Oliveira Integration Business Transformation IBM Corporate Development
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    Cristobal Cuart Co-Managing Partner All Seas Capital Bio
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    Chris Warren Partner Charterhouse Capital Partners Bio
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    Karlis Kirsis Chief Legal Officer GXO Bio
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    Charlie Taylor-Kroll UK Bureau Chief Mergermarket
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    Edward Little Head of Buyout UK & Managing Director Ardian Bio
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    Rachel Lewis Head of Auctions, EMEA Mergermarket
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    Matt Mullan Chief Counsel M&A and Strategic Alliance BAE Systems plc.
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    James Robinson Managing Director, Head of UK M&A JP Morgan Bio
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    Lucinda Guthrie Executive Editor Mergermarket
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    Carly Burrows Head of Corporate Finance HSBC Innovation Banking UK Bio
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    Taku Dzimwasha Senior EMEA ECM and M&A Reporter Mergermarket Bio
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    Samuel Kerr Global ECM Editor Mergermarket
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    Luke O'Shea Director AshGrove Capital Bio
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    David Henig UK Trade Policy Project European Centre for International Political Economy (ECIPE) Bio
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    Paul Hutchinson Partner RBB Economics Bio
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    Tom Wrenn Managing Partner ECI Partners Bio
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    Layton Tamberlin Managing Partner Sullivan Street Bio
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    Sorcha O'Carroll Senior Director of Mergers CMA
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    Nicola Longfield Partner, Deal Advisory KPMG Bio
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    Hannah Twist Partner, Head of The Strategy Group KPMG Bio
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    Natalie McNelis Bureau Chief Mergermarket/PaRR Bio
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    Kate Cooper Partner Freshfields Bio
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    Lauren Davies Director, UK ECM BNP Paribas Bio
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    Mark Austin Partner Latham & Watkins Bio
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    Andy White Director, Deal Advisory KPMG Bio
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    Caroline Bilbrough Director of Post-Acquisition, Ecosystems & Acquisitions IBM Consulting Ventures, IBM Bio
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    Stephanie Adams Partner Latham & Watkins Bio
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    Carl D'Souza Senior Principal Metric Capital Bio
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    Michelle Le Merre Finance Director – Corporate Development & Strategy BAE Systems Bio
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    John West Managing Editor, M&A EMEA Mergermarket
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    Scott Moeller Professor in the Practice of Finance, Director M&A Research Centre Bayes Business School Bio

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