Intralinks Brexit M&A Poll Summary

In December 2018, Intralinks polled a global sample of mergers & acquisitions (M&A) dealmakers to gauge their attitudes about Brexit and M&A. A total of 223 responses were received. Here are the key findings from the poll. We’ll discuss Brexit and M&A in the next edition of the Intralinks Deal Flow Predictor, out next month. Sign up below to be notified when the report is available.


7 January 2019

Brexit

Majority not in favor of current draft Brexit treaty between U.K. and E.U.

61% of respondents were not in favor of the U.K. leaving the E.U. on March 29, 2019 under the terms of the current draft treaty negotiated by the U.K. government and the E.U., while 23% were in favor and 16% were not sure.

Are you in favor of the U.K. leaving the E.U. on March 29, 2019 under the terms of the current draft treaty negotiated by the U.K. government and the E.U.?

Not sure 16%; Yes 23%; No 61%

Almost no support for a “no deal” Brexit

80% of respondents were not in favor of the U.K. leaving the E.U. on March 29, 2019 under a “no deal” scenario, while 13% were in favor and 7% were not sure.

Are you in favor of the U.K. leaving the E.U. on March 29, 2019 under a "no deal" scenario?

Not sure 7%; Yes 13%; No 80%

More than three-quarters still hoping for the U.K. to remain in the E.U.

77% of respondents were in favor of the U.K. remaining in the EU, while 18% were not in favor and 5% were not sure.

Are you in favor of the U.K. remaining in the E.U.?

No 18%; Not sure 5%; Yes 77%

Fears over business disruption in the event of a “no deal” Brexit

Only 24% of respondents were confident of “business as usual” in the event of a “no deal” Brexit, while 69% feared either some disruption or significant disruption to their firms’ business with the U.K./E.U. and 7% were not sure.

In the event of a "no deal" leaving scenario, would your firm's business with the E.U./U.K. face:

Not sure 7%; Business as usual 24%; Some disruption 46%; Significant disruption 22%; Inability to do business 1%

Dealmakers pessimistic over UK M&A activity after Brexit

58% of respondents thought U.K. M&A activity after Brexit will decrease as U.K. assets will become less attractive, while 16% thought U.K. M&A activity will remain the same, 14% thought U.K. M&A activity after Brexit will increase as U.K. assets will become more attractive and 11% were not sure.

Do you expect U.K. M&A activity after Brexit to: 

Not sure 11%; Increase 14%; Stay the same 16%; Decrease 58%


 

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Philip Whitchelo

Philip Whitchelo

Philip Whitchelo is Intralinks’ Vice President of Strategic Business & Corporate Development