An examination of the chart above, covering the 30 month period from the beginning of 2006 to the present day, shows individual country activity has ended the period at almost identical levels to when it began. After declining buyer activity for a period of five quarters, the UK based companies showed increasing purchasing levels in H1 2008. Some of this was down to the availability of companies seeking to sell because of the impending Capital Gains Tax (CGT) changes being applied in early April 2008.
Scandinavian companies showed recovering activity in the quarter whilst North American activity declined slightly after two quarters of good growth. The biggest percentage fall in buying activity was amongst Eastern European buyers where telecoms transactions in particular almost halved.
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