News By Wire

Cross Border Deals Completed By Midlands Companies Up 142% Year-on-year, Says Deloitte

Outbound [BW1] cross border deals from Midlands-based companies increase 142% [BW2]  from Q1 2021 to Q1 2022

Nottinghamshire leads regional outbound deals in Q1 2022[VM3]  with 5 deals completed

Swedish and German companies complete 45% of Midlands inbound deals in Q1 2022

Between March 2021 and April 2022, the number of outbound deals completed by Midlands-based companies has more than doubled, according to Deloitte’s Cross Border Deals Radar.

The research, which tracks inbound and outbound transactions between investors and corporates in the Midlands and overseas, reveals that there has been significant year-on-year growth in the volume of outbound deals in the region. The Midlands saw 58 deals being completed between Q2 2021 and Q1 2022 – compared with just 24 deals in the 12 months prior.

In Q1 2022, Midlands-based companies completed eight acquisitions of overseas companies, behind London (63), South West England (47), and South East England (17).

Nottinghamshire led the way for outbound deals in the Midlands in the first quarter of the year, with five [VM4] out of the eight Midlands outbound deals coming from the county. The other three deals were based in Leicestershire and Worcestershire.

The increase in outbound deals in the Midlands is in-line with the national trend. In total, 161 outbound deals completed from the UK Q1 2022, higher than any other quarter over the past five years.

In terms of inbound investment, the Midlands has been relatively stable year-on-year. In total, 57 inbound deals were completed in the last 12 months, and similarly 55 were completed in the 12 months previous.

Swedish and German companies have led inbound investment into the Midlands in Q1 2022, completing deals for five of the six Midlands companies that have been bought by overseas investors. This interest from Sweden has continued from 2021, when Swedish investors completed more cross-border deals in the Midlands than any other country, investing £795.1m [PG5] [KW6] into local organisations.

Nick Carr, a director at Deloitte, said: “The volume of outbound cross-border deals continues to soar, with the increase we saw after the pandemic continuing into this year. There’s capital available in the market, a desire to do deals, and many organisations are accelerating their digital transformation through acquisitions.

[BW7] [PG8] “It will be interesting to see how cross-border investment trends change throughout the remainder of this year, given the number of variables currently at play in the UK and overseas. Inflation, higher interest rates, energy price rises and supply chain challenges could all contribute to a decrease in deal activity in the coming months, which Deloitte will be keeping a close eye on.”

Press release information


Image File:

Nick Carr, Director at Deloitte

Area / Region:

Topics / Tags:

Notes to editors

Press contact: Kate Woodmass, MC2 [email protected] 0161 236 1352 About Deloitte In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK’s leading professional services firms. The information contained in this press release is correct at the time of going to press. For more information, please visit About the Cross Border Deals Radar Deloitte’s Cross Border Deals Radar tracks inbound and outbound M&A activity between investors and corporates in the Midlands and overseas, using data captured quarterly by Experian Market IQ.

Media contact

Media contact name:

Kate Woodmass

Media contact business / organisation:


Media contact telephone:


Media contact email:

All done!
Thank you for subscribing.

Email Subscription