Worldwide M&A Up 35% Net Competing Bids; Slowest Year by Number of Deals Since 2003
Worldwide M&A totals US$710.3 billion so far this year, an increase of 54% compared to year-to-date 2013. Net competing bids for Time Warner Cable and SFR, worldwide mergers are up 35% compared to last year and mark the strongest annual start for deal making since 2011. By number of deals, year-to-date M&A is down 14% compared to 2013 levels and is the slowest year-to-date period for deal making, by number of deals since 2003.
Morgan Stanley Top Worldwide M&A Advisor for First Quarter 2014 – Takes Top Spot in the US and Japan
Morgan Stanley moved into the top position for worldwide announced M&A advisory work during first quarter 2014, boosted by top rankings in US and Japan Any Involvement M&A so far this year. Goldman Sachs maintained second place, while JP Morgan fell to third place from first a year ago. Morgan Stanley and Deutsche Bank were the biggest movers within the top 10 during first quarter 2014.
US Accounts for 51% of M&A; Strongest Start for Asia Pacific M&A on Record, Europe up 72%
US M&A announced so far during 2014 totals US$361.1 billion, up 62% from year-to-date 2013 and is the strongest year-to-date period for US deal making since 2007. Asia Pacific M&A announced so far during 2014 totals US$113.3 billion, up 67% from year-to-date 2013 and is the strongest year-to-date period for deal making in the region since records began in 1980. M&A in Europe is off to the best start since 2011, up 72% compared to a year ago
Media, Real Estate, Energy & Tech Lead All Sectors
M&A targeting the media & entertainment sector reached US$157.8 billion so far in 2014, more than triple the levels seen during year-to-date 2013 and the strongest annual start for deal making in the sector since 2000. The media, healthcare and consumer products sectors have registered the strongest year-over-year gains, while just consumer staple activity has declined by a 18%.
Private Equity Buyouts Fall 29%; US Accounts for 60%
Global private equity backed buyouts totaled US$56 billion during year-to-date 2014, a 29% decrease over 2013 levels. Buyout targets in the United States accounted for 60% of year-to-date activity, while private equity backed buyouts in Asia and Europe have increased by 67% and 32%, respectively.
Emerging Markets M&A Falls 17%; Cross-Border Up 78%
Year-to-date figures for M&A involving emerging markets have reached US$109.2 billion, accounting for 15% of total M&A, down 17% compared to first quarter 2013 levels. Chinese M&A activity accounted for approximately 42% of emerging markets acquirors so far this year. Registering an increase of 78% from last year at this time, cross-border M&A totaled US$235.2 billion during first quarter 2014, accounting for 33% of total M&A activity this year compared to 27% during first quarter 2013.