Brexit – Crisis Looms for European Assets if Britain Leaves The EU by Intralinks
92% of UK dealmakers believe a British exit from the European Union will have a negative economic impact
LONDON 17th JUNE 2016 – The value of European assets could be severely impacted should Britain take the decision to leave the European Union (EU). This is according to a survey of almost 1,500 global dealmakers involved in mergers and acquisitions (M&A), released by Intralinks, a provider of secure content collaboration solutions. In the survey, 65% of M&A professionals believe the value of European assets will be negatively impacted if Britain voted to leave Europe. This has wider implications on the European economy, particularly major economies such as Germany, which heavily rely on cross-border deals from China.
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In the survey, 76% of global dealmakers stated a British exit from the EU will have a negative economic impact and 67% of dealmakers believe it will negatively impact M&A levels across all of Europe. These results are starker among respondents directly impacted by the Brexit referendum, being held on the 23rd June. 87% of dealmakers in Europe, Middle East and Africa (EMEA) and an overwhelming 92% of UK dealmakers believe a British exit from the European Union will have a negative economic impact. 73% of EMEA and 88% of UK dealmakers also believe an exit will have negative impact on M&A levels in Europe.
Dealmakers across the globe are all in agreement about the outcome of the referendum: 80% of global dealmakers believe Britain will not exit the EU. In the UK, 84% of dealmakers believe Britain will not exit the EU.
“There’s clearly a consensus among dealmakers that a ‘Brexit’ will lead to chaos for European M&A,” said Philip Whitchelo, VP Product Marketing & Strategy at Intralinks. “A ‘Leave’ vote from the UK could severely impact all of Europe’s assets, with foreign buyers bidding less for them if the UK pulls out of Europe. This could have drastic consequences on the European economy – and of course the UK economy – for a number of years.”
Intralinks surveyed 1,421 global dealmakers between 4th and 6th June 2016.
Intralinks Holdings, Inc. (NYSE: IL) is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients and 99% of the Fortune 1000 companies have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $28.1 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology. For more information, visit www.intralinks.com.
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