Appetite for North West businesses from foreign investors has hit a significant milestone, with 34 deals worth over £1bn transacted so far this year, according to the latest research from Deloitte.
Data from the advisory firm’s Cross-Border Deals Radar, compiled by Experian Corpfin, shows that the North West has seen a 15 per cent rise in inward investment compared to the same period last year.
The third quarter of 2014 has been particularly buoyant, contributing over £500m to the total value of deals.
North West businesses also remain incredibly active when it comes to overseas investment, with firms from the region completing 24 deals and ploughing over £2bn into assets abroad.
Notable outbound deals over the period include two of the region’s listed businesses expanding after strong performances on public markets – the £26m acquisition of leading Nordic distributor of industrial products Lonne Holding by LSE-listed Brammer (January) and PZ Cussons’ purchase of Johannesburg-based Five FM Life for a consideration of £51.8m (August).
Big-ticket deals taking place in the region are also impressive.
This year saw engineering and project management company AMEC make a £1.95bn acquisition of Switzerland-based engineering conglomerate Foster Wheeler, and in 2013 Unilever made a £3.5bn acquisition of India-based Hindustan Unilever.