EMEA Announced M&A Increases 33% Net of Competing Bids for SFR | Telecommunications Highest Valued Sector | Financial Sponsor Activity Rises
Announced M&A activity with EMEA involvement totaled US$271.8 billion in the first quarter 2014, up 53.1% compared to the US$177.6 billion reached for the same period last year. Net competing bids for SFR, EMEA volume rose by 33% compared to the same period last year. EMEA fees accumulated on deals completed in the first quarter of 2014 also rose modestly, reaching only US$2.2 billion, a 2.6% increase compared to the US$2.2 billion total for the same period last year, according to estimates from Thomson Reuters/Freeman Consulting.
The Telecommunications sector led the EMEA marketplace, with 65 deals grossing a combined US$57.1 billion, including both bids for SFR. Industrials accrued US$36.2 billion, and Healthcare totaled US$32.3 billion worth of activity.
Additionally, financial sponsors were more active this year compared to 2012 and 2013. EMEA-targeted buyside financial sponsor activity reached US$44.8 billion in the first quarter, up from the US$25.1 billion reported last year. This marked the highest first quarter total since the pre-crisis levels in 2007. The largest FS-backed deal was the US$3.1 billion offer for Danish electronic payments provider Nets Holdings in March.
Acquirors listed on the Euronext Paris stock exchange were EMEA's most acquisitive companies this year, with a combined total of US$26.7 billion in offers.