Will global mergers and acquisitions activity continue to grow in 2014? Will the real estate and financial sectors play lead roles in deal activity? Find out on December 5th as Matthew Toole and Jeffrey Nassof unveil survey results of global corporate development professionals and decision makers.
Our survey will provide valuable insight into the following:
- M&A trends and capital-raising activities around the globe
- Sectors expected to drive worldwide deal activity in 2014
- Factors impacting future worldwide deal activity
As the final quarter of the year approaches, headline global M&A activity may see positive gains over 2012 due to a number of high profile large-cap deals, but the number of deal announcements has fallen to a nine-year low. Capital markets activity has been robust, with strong IPO and follow-on activity, while debt capital markets professionals factor in the potential for rising interest rates.
Join us for a complimentary webcast: Q3 Trends in Worldwide Deal Making on October 15th at 10 EDT.
During this session, our experts will explore all these questions and provide a closer look at many topics including:
- Deep dive into asset classes, sectors and regional activity powered by our industry-leading deals database
- Market share dynamics across the global advisory and underwriting community
- Agenda-setting financial insight from Reuters Breakingviews
Hellman & Friedman’s $4.4 billion purchase of Chicago-based insurance brokerage Hub International Ltd pushed the value of announced private equity-backed M&A to $196.4 billion so far this year, a 23% increase compared to a year ago and the strongest period for private equity-backed M&A since 2007. Consumer staples, high technology and energy & power deal making represents 56% of financial sponsor volume this year, up from one-third during year-to-date 2012. Bank of America Merrill Lynch, which is a financial advisor to Hub International along with Morgan Stanley and Stephens, tops the list of financial advisor for private equity deals so far this year. (more…)
Earlier this week, we posted an infographic showing the state of newspapers in the United States after the Washington Post was purchased by Jeff Bezos. Today’s graphic shows the top 10 world newspaper deals since 1980. Notice how drastically the industry has declined when a prestigious acquisition like the Post only ranks 133rd overall.
Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.
Kroger’s $2.5 billion bid for North Carolina-based Harris Teeter Supermarkets pushed the level of US retail M&A to $12.7 billion for year-to-date 2013, a decline of 31% compared to last year at this time. Overall US target M&A totals $457.3 billion so far this year, up 21% compared to year-to-date 2012. US acquirors account for 88% of all US target M&A this year, up from 75% during a year ago. Healthcare deal making leads US target activity for year-to-date 2013, with 18% of overall M&A, followed by energy & power (15%) and real estate (12%).
JP Morgan, which advised Harris Teeter, maintains the top ranking for US target M&A financial advisors, followed by Goldman Sachs and Bank of America Merrill Lynch, sole advisor to Kroger. This week’s $3.5 billion corporate bond offering from General Electric Capital Corp ranks as the largest global investment grade corporate new issue since Chevron raised $6.0 billion on June 17th, and brings the weekly total of global investment grade debt to $14.4 billion, the strongest weekly total since the first week of June. Overall global investment grade corporate debt issuance totals $1.5 billion for year-to-date 2013, a decline of 3% compared to a year ago.
For more info, download the full Investment Banking Scorecard. (more…)
On Wednesday, June 12th, 2013, join our live webcast event on the issues shaping the investment banking industry.
Delivered by our partners from Freeman Consulting, the webcast will focus on their Investment Banking State of Affairs report, which offers an investigation of the key dynamics currently driving global markets and the emerging opportunities and challenges facing investment banks in 2013, including:
The pace of worldwide mergers & acquisitions fell to just $11.1 billion through Thursday of this week, marking the slowest week for deal making this year and brings the year to-date total of worldwide M&A to $750.2 billion, a decline of 7% compared to last year at this time. Telecommunications, media & entertainment and consumer staples lead the sectors with strongest year-over-year percentage gains, while materials, energy and power and financials have all registered double-digit declines compared to year-to-date 2012.
Bolstered by this week’s multi-billion dollar offerings from Brazil’s Petrobras ($10.9 billion), US-based Merck Inc ($6.5 billion) and Indonesia’s Pertamina PT ($3.25 billion), the level of US-dollar denominated investment grade corporate debt totals $447.9 billion for year-to-date 2013, a 15% increase compared to the year ago period and the strongest year-todate period for US-dollar denominated investment grade corporate debt since records began in 1980. JP Morgan leads the year-to-date ranking for US-dollar investment grade underwriting with 15.3% share, up 1.7 share points from last year at this time.
Initial public offerings from China’s Sinopec Engineering Group and China Galaxy Securities Co each raised over $1 billion on the Hong Kong Stock Exchange pushing the volume of Asia Pacific IPOs to $9.9 billion for year-to-date 2013, a 15% decline compared to last year at this time. The two offerings rank as the largest Chinese IPOs this year, but fall behind Thailand’s BTS Rail Mass Transit Growth ($2.13 billion) and Singapore’s Mapletree Greater China ($2.06 billion).
For more info, download the full Investment Banking Scorecard.
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Thomson Reuters Deals Intelligence delivers IB content including quarterly reviews showing trends in M&A and Capital Markets.
In a move that could thwart Japan’s SoftBank Corp’s bid for Sprint, Dish Network offered $25.5 billion in cash and stock. Here’s a look at how the proposed bid compares with top telecom deals so far this year, and how they stack up against the top telecom deals of all time.
The pace of worldwide energy & power deal making has slowed to the lowest levels since year-to-date 2005, with $85.3 billion in announced deals this year, an 11% decline from last year at this time. This week’s $3.3 billion acquisition of Lufkin Industries Inc by GE pushes the volume of oil & gas merger activity to $60.1 billion, or 70% of overall energy & power deal making so far this year. Energy & power M&A accounts for a market-leading 14.5% of total worldwide M&A this year, down from 17.7% last year at this time. There have been no energy & power deals greater than $5 billion announced this year, the first time since year-to-date 2004. (more…)
Bolstered by a 63% increase in deals valued over US$5 billion, the value of worldwide M&A totalled US$542.8 billion during the first quarter of 2013, a 10% increase from comparable 2012 levels. Worldwide deals valued over US$5 billion totalled US$167.8 billion during the first quarter, accounting for 31% of announced deal activity in the quarter compared to 21% during the first quarter of 2012. Just over 8,100 worldwide deals were announced during the first quarter of 2013, a 16% decline from a year ago and the slowest quarter for M&A, by number of deals, since the third quarter of 2004.
Cross Border M&A activity totalled US$134 billion during the first quarter of 2013, accounting for 25% of overall M&A volume and down 24% compared to first quarter 2012. Accounting for nearly one-quarter of worldwide announced merger activity, M&A involving companies located in the emerging markets totalled US$128.9 billion during first quarter 2013, a 6% decrease from 2012. (more…)