2014 M&A Financial Advisory Review

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Worldwide M&A up 59%, surpassing full year 2013 levels

Powered by a resurgence of deals over $5 billion, the value of worldwide M&A totalled US$2.7 trillion during the first nine months of 2014, a 59% increase from comparable 2013 levels and the strongest first nine months for worldwide deal making since 2007. The 59% year-over-year gain marks the strongest percentage gain since the first nine months of 1998, when deal activity increased 77%.

Number of deals up 2%; quarterly M&A falls 22%

Just over 28,300 worldwide deals were announced during the first nine months of 2014, a 2% increase compared to the first nine months of last year. Third quarter 2014 M&A totalled US$888 billion, a 22% decrease from the second quarter of this year which was the first quarter to top US$1 trillion since the second quarter of 2007.

European M&A up 81%; best start for Asia Pacific M&A on record

M&A activity for European targets totalled US$693.7 billion during the first nine months of 2014, an increase of 81% compared to the level of activity seen during the first nine months of 2013. With US$492.9 billion in announced deals during the first nine months of 2014, Asia Pacific M&A registered the strongest period for deal making in the region since records began in 1980.

Hostile & unsolicited M&A accounts for 8% of worldwide M&A

Hostile and unsolicited bids totalled US$222.8 billion during the first nine months of 2014, accounting for 8% of worldwide merger activity, the highest percentage since the first nine months of 2001 when hostile and unsolicited deal making accounted for 9% of announced activity.

Cross border M&A more than doubles

Cross Border M&A activity totalled US$1.1 trillion during the first nine months of 2014, accounting for 40% of overall M&A volume and more than double levels reached during the first nine months of 2013.

Completed advisory fees up 10%

According to estimates from Thomson Reuters/Freeman Consulting, M&A advisory fees from completed transactions totalled US$19.5 billion during the first nine months of 2014, a 19% increase from the comparable period in 2013.

Source: Thomson Reuters

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