Consumer discretionary was one of the top performers. Luxury goods and automotive drove the gains, following some strong results from key firms in those industries.
Data for February showed that eurozone inflation (as measured by the consumer price index) eased to 2.6 per cent from 2.8 per cent in January and that business activity improved. Meanwhile, European Central Bank President Christine Lagarde, continued to downplay the
chances of an imminent interest rate cut, telling the European Parliament that the central bank does not want to run the risk of reversing any cuts.
For M&A, deal activity in February involved 108 deals in total; that’s an increase of seven deals year on year. A couple of the notable ones are:
CVC Advisers Ltd and Haveli Investment Management LLC acquired Jagex Ltd,
Black Label Hospitality BV was acquired by SCP Management BV,
Blackmore Vale Farm Cream Ltd was acquired by First Milk Ltd
The most active sector (in number of deals) in February was Accommodation and Diversified Packaged Foods both with fifteen deals each, as shown by:
Shelbourne Hotel being acquired by an undisclosed acquirer,
Visasur Sistemas SL acquiring Merida Medea Hotel, and
Zorba Delicacies Ltd and SK Chilled Foods Ltd being acquired by Compleat Food Group Ltd.
Read more in the March edition of our newsletter.
Contact
