With $72 billion in deals this week, Goldman Sachs moves into the top spot for WW M&A
Global Securitizations fall 21% compared to year-to-date 2013
Nomura moves into the top 10 for Global ECM with 2.4% share, an increase of 0.8 points
Cross-Border M&A more than doubles; Best YTD since 2007
JP Morgan has picked up 1.4 ECM market share points, strongest gain in top 10
All European DCM totals $927 billion, up 10% from 2013
M&A volume topped $100 billion for the second consecutive week bolstered by a flurry of deals in the healthcare sector, which accounted for 81% of this week's announced value. Overall, worldwide deal making totaled $1.1 trillion for year-to-date 2014, just the third time that M&A volume crossed the $1 trillion dollar threshold since records began in 1980. Net competing bids, global M&A has increased 68% compared to a year ago and is the strongest YTD period since 2007.
The $13.4 billion acquisition of Biomet Inc by Zimmer Holdings ranks as the fourth all-time largest tie-up in the healthcare equipment sector and the largest deal since Johnson & Johnson acquired Synthes in 2011
Deal making activity in Europe and Asia Pacific has increased by triple-digit percentages compared to a year ago, while the value of deals in the Americas and Japan have increased 71% and 18%, respectively. Africa/Middle East M&A has declined 28% compared to year-to-date 2012
Global ECM activity this week totaled just $3.1 billion through Thursday, the slowest non-holiday week since August 2013. Year-to-date equity capital markets issuance totals $240.7 billion, up 5% from last year at this time
This week's record-breaking $10.9 billion high yield bond offering from France's Numericable Group SA, coupled with a $5.8 billion offering from Altice SA, pushed year-to-date European high yield bond activity to $89.3 billion, more than double last year's levels and the strongest year-to-date since records began in 1980
JP Morgan, which lead the Numericable offering along with 13 other banks, currently tops the ranking of high yield bond underwriters, with 8.6% market share, down from 11.6% a year ago.