
July’s European deal market rewarded scale, infrastructure, and operational depth. Five major transactions showed buyers paying substantial premiums for established networks, recurring revenue, specialist technology, and market positions that would take years to recreate.

July’s largest UK deals concentrated capital around scarce strategic assets. SEGRO, easyJet, Rotork, Mitie, and ITV shaped a month of contested valuations, overseas investment, sector consolidation, and regulatory complexity, with approximately £28.5bn attached to the five leading transactions and proposals.

July’s largest US-linked deals centred on networks, infrastructure, and scale. Uber, Solstice, KKR, ICE, and Brookfield led a month shaped by durable cash flows, strategic distribution, AI investment, and tighter regulatory design.

Bodycote has received competing takeover proposals from two private-equity groups. CVC and Veritas Capital have submitted near-identical cash terms, with the board indicating it could recommend either proposal if firm offers follow.

International Personal Finance’s takeover has completed after court approval today. Shareholders will receive 250p per share, while the specialist lender’s London listing is due to be cancelled.

Volution has acquired German ventilation specialist getAir for €40m cash. The transaction adds a profitable heat-recovery portfolio and strengthens the group’s position in energy-efficient European residential buildings.

Prologis has agreed a landmark takeover of warehouse group Segro. The £14bn transaction would expand its European logistics estate by 47% and give Segro shareholders a stake in a global property platform.

RWS will acquire Acolad’s parent to expand European AI services. The £22.4 million enterprise-value transaction adds 1,200 employees, regulated-industry customers, and annual revenue exceeding £180 million.

EasyJet has aligned rival takeover deadlines ahead of Friday’s decision. Apollo and Castlelake must formalise their approaches or withdraw, bringing the airline’s £5.7 billion ownership contest to its next stage.

Unilever has secured extended employment protections around its food merger. Approximately 4,800 European and British employees will retain existing pay, terms, and conditions for two years after completion.