Any telecoms or ICT business looking to sell in the next year or so will find a willing buyer despite uncertainty over Brexit.
That's the view of Evolution Capital business advisor Nick Blong who believes the M&A market will remain healthy for the rest of 2017.
Speaking at Evolution's breakfast seminar at The Ivy in London last month, he told reseller guests that 2017 GDP forecasts from both the IMF and the Bank of England had been upgraded but a downgrade was expected for 2018.
"The IMF's economic Chief Economist Maurice Obstfeld has said that reduced output, transactional costs and restriction of labour supplies due to Brexit will present a longer-term challenge for the UK but if you look at the wider market, in a survey of Private Equity and Venture Capital Funders there is 94% confidence for the long-term future and 97% expect to deploy the same rate of funds," said Blong.
"These are the people putting money into the market which is important to sellers because there will be more buyers with more money and they will increase the amount they'll be willing to pay.
"The same survey said there is likely to be a burst of activity in some sectors, one of which was ICT. Whatever the state of the economy there is always going to be challenges and opportunities and you're always going to be in the same place as your competitors so for a good profitable business there will always be an opportunity to sell. ??"None of us can accurately predict the future, but from what we have seen 2017 looks like a good time to sell," he concluded.