ANALYSIS: Brexit Looms, but U.K.-U.S. M&A is Thriving

The Brexit countdown may be ticking below 100 days, but deal flows between the United States and the United Kingdom continue to show resilience. In fact, M&A going in both directions has achieved record volumes since the U.K.'s June 23, 2016 referendum. While Britain’s decision to leave the European Union may have created uncertainty and pessimism in other quarters, its effect on M&A with the U.S. seems to be restrained.

Brexit Surges

U.K. acquisitions of U.S. targets surged in 2016, the year of the Brexit referendum. That year, the aggregate volume of U.K. acquisitions of U.S. targets, $83.1 billion, was ...