Worldwide M&A Falls 2% Compared to 2012; Slowest Year by Number of Deals Since 2005
Worldwide M&A totals US$2,310 billion so far this year, an decrease of 2.4% compared to year-to-date 2012, and is the slowest annual period for worldwide M&A since 2009 (US$2,315 billion). By number of deals, year-to-date M&A is down 8% compared to 2012 levels and is the slowest year-to-date period for deal making, by number of deals, since 2005.
Goldman Sachs Top Worldwide M&A Advisor for Full Year 2013 – Takes Top Spot in the US and Europe
Goldman Sachs maintained the top position for worldwide announced M&A advisory work full year 2013, boosted by top rankings in US and European Any Involvement M&A during the year. JP Morgan moved up to second place from third, while Morgan Stanley fell to third place from second. Bank of America Merrill Lynch and UBS were the biggest movers within the top 10 during full year 2013.
US Accounts for Highest Percentage of M&A since 2001; European Merger Activity Falls to 10-Year Low
US targeted M&A announced so far during 2013 totaled US$1,006 billion, up 14% from year-to-date 2012 and marks the strongest year-to-date period for US deal making since 2007. US M&A accounts for 43.6% of worldwide activity, the highest percentage since 2001 (44.5%), while M&A in Europe has reached US$529.4 billion so far in 2013, down 23% from the previous year-to-date and the slowest period since 2003 (US$492.7 billion).
Energy & Power, Real Estate, Telecom and Financials Lead All Sectors
M&A targeting the energy & power sector reached US$340.5 billion so far in 2013, a decline of 26% compared to year-to-date 2012 and the slowest percentage for deal making in the sector since 2009. The telecommunications and real estate sectors have registered the strongest year-over-year gains, while materials and consumer staples activity has declined by a one-third.
Buyside Financial Sponsor M&A Up 24%; US Accounts for 58%
Global private equity backed M&A totaled US$358 billion during year-to-date 2013, a 24% increase over 2012 levels. Fourth quarter activity has registered a 26% increase over the third quarter of this year and a 4% increase compared to the fourth quarter of 2012.
Emerging Markets M&A Falls 8%; Cross-Border Down 19%
Year-to-date figures for M&A involving emerging markets have reached US$638.8 billion, accounting for 28% of total M&A, down 8% compared to full year 2012 levels. Chinese M&A activity accounted for approximately 34% of emerging markets acquirors during full year 2013. Registering a decrease of 19% from last year at this time, cross-border M&A totaled US$705.5 billion during 2013, accounting for 31% of total M&A activity this year compared to 37% during year-to-date 2012.