Header image

Corporate M&A - What opportunities lie ahead in 2026?

Corporate | 05/02/2026

Stephenson Harwood's London corporate team has put together an overview of some of the team's highlights from 2025, and an insight into the opportunities ahead in 2026. 

View Highlights

Key stats include

  • £10bn+ Total Value of M&A
  • 80 Deals advised on in 2025
  • 43 involving PE investors 
  • 41 involving US or other international investors
  • 6 IPOs on the London Main Market or AIM
  • 5 All schemes of reconstruction in the investment trust sector


THE RETURN OF RELATIVE STABILITY IN 2026?

With the 2025 Budget behind us, regulatory reforms in place, and economic indicators trending positively, the UK is entering a period of relative stability. This environment is expected to support increased public market activity and overseas investment. Now is the time to review your strategy and ensure you are ready for the opportunities ahead. 

View Mergers & Acquisitions

MARKET MOMENTUM: PUBLIC MARKETS AND TAKEOVERS

London’s capital markets are showing renewed momentum, with a surge in IPOs, market moves and dual listings in late 2025, driven by recent listing rule reforms. Appetite for public-to-private takeovers shows no sign of abating as UK-listed companies remain attractive targets for domestic and international buyers (including PE and US investors), supported by a steady political backdrop and favourable exchange rates. 

View Equity Capital Markets or Public M&A

PRIVATE EQUITY EXITS AND SECONDARIES

With many Covid-era investments reaching maturity, private equity sponsors are expected to accelerate exits as macro conditions improve. Traditional exits and a buoyant secondaries market will help sponsors boost DPI and meet investor demand for liquidity. Is your portfolio ready for the next wave of exits? Our private equity and secondaries specialists can help you prepare and execute successful strategies. 

View Private Equity

NAVIGATING SHAREHOLDER ACTIVISM 

Activist shareholders - both domestic and international - are increasingly shaping corporate strategy, driving restructuring and M&A activity. While activism can unlock value, it can also divert management focus if not managed effectively. We have successfully defended clients in high-profile activist campaigns and can help you anticipate, respond to, and communicate around activist approaches to protect shareholder value. 

View Funds


For more information on how we can support you, please contact any one of our contributors. 

Share Article

Related Expertise

Contributors