
May’s UK dealmaking showed buyers paying for control and scale. Vodafone, EQT, Ingredion, E.ON, and JD.com shaped a month in which strategic infrastructure, public-market valuations, energy resilience, food ingredients, and retail platforms all drew serious takeover attention.

Europe’s May M&A market favoured control, certainty, and strategic patience. The largest stories centred on contested assets, public-market discounts, private-equity pressure, and boards testing whether premiums were enough to justify surrendering independence.

MokN has raised $15m to scale its credential-theft defence platform. The GV-led Series A will support UK expansion, US offices, hiring, and development of a broader Active Identity Recovery platform.

AI liability is moving faster than many boards expect already. XFactorAI says enterprises deploying third-party tools may be far more exposed to litigation and regulatory action than they assume.

Invoice compliance is fast becoming a growth and control issue. Basware says delayed e-invoicing readiness is already causing rejected invoices, audit fines, and weaker expansion prospects as the UK moves towards a 2029 mandate.

eflow and Iress are linking trading and surveillance workflows globally. The partnership brings compliance tools closer to execution infrastructure as market participants respond to growing regulatory complexity across jurisdictions.

Silks has embedded certified ID checks into legal AI workflows. Its Credas integration is aimed at speeding up compliant client onboarding for mid-market law firms while keeping data inside a secure UK environment.

SAP has struck two deals to strengthen enterprise AI foundations. The Dremio and Prior Labs acquisitions bring open data infrastructure and tabular model research closer to SAP’s analytics, automation, and agentic software stack.

Fed officials warn supply strains may prolong US inflation pressures. Higher energy, freight, and industrial input costs are deepening concern that inflation will remain stubborn, leaving borrowing costs elevated and corporate margins under renewed pressure.

Education recruiter expands with its largest acquisition and ninth deal. Operam’s purchase of Choice Teachers strengthens its North West base and extends its reach across London and the home counties.