Real Deals quotes Andrew Collins on the state of the take-private market in 2025
As reported by Real Deals, many private equity professionals expect public-to-private investments to take off in the second half of 2025 despite a "muted start" to the year.
The piece goes on to feature a range of industry voices explaining that there has been somewhat of an uptick in these types of deals, but that there are still challenges to navigate.
Data shows that the number of take-private deals has still been somewhat low in 2025 - significantly less than 2024. The piece also notes that compared with other European markets, the UK has been "particularly active" .
Andrew Collins, Partner in our Corporate team, explains in the article that the regulatory requirements and associated costs of complying with the Takeover Code tend to favour larger transactions. He comments:
There is no such thing as a 'Takeover Code-light' deal, and for smaller targets, the economics of a take-private often don't stack up [...] Geopolitical uncertainty and broader economic instability make the deliverability of any take-private very difficult, particularly for companies whose operations may be subject to factors like potential increases to US tariffs.
Read the full article in Real Deals here (subscription required).
