Worldwide M&A up 47%, strongest year for deal making since 2007
Powered by a resurgence of deals over $5 billion, the value of worldwide M&A totaled US$3.5 trillion during full year 2014, a 47% increase from comparable 2013 levels and the strongest annual period for worldwide deal making since 2007. Ninety-five deals with a value greater than $5 billion were announced during full year 2014, more than double the value and number of large-cap deals announced during 2013.
Number of deals up 6%; quarterly M&A up 7%
Just over 40,400 worldwide deals were announced during full year 2014, a 6% increase compared to last year. Fourth quarter 2014 M&A totaled US$922.5 billion, a 7% increase from the third quarter of this year and the strongest closing quarter for deal making since the fourth quarter of 2006.
European M&A up 55%; best year for Asia Pacific M&A on record
M&A activity for European targets totaled US$869.8 billion during full year 2014, an increase of 55% compared to the level of activity seen during full year 2013. With US$716.2 billion in announced deals during full year 2014, Asia Pacific M&A registered the strongest annual period for deal making in the region since records began in 1980.
Media, Healthcare & Energy M&A register strong gains
Deal making in the Media and Entertainment sector totaled $US308.5 billion during full year 2014, more than double 2013 levels, while Healthcare and Energy & Power M&A increased 94% and 66%, respectively. With just over US$162 billion in announced deals during full year 2014, the Telecommuncations sector was the only industry to see year-over-year percentage declines, down 37% compared to full year 2013.
Cross border M&A more than doubles
Cross Border M&A activity totaled US$1.3 trillion during full year 2014, accounting for 37% of overall M&A volume and a 78% increase over full year 2013 levels. Cross border M&A accounted for 31% of total M&A activity during full year 2013.
Completed advisory fees up 12%
According to estimates from Thomson Reuters/Freeman Consulting, M&A advisory fees from completed transactions totaled US$26.7 billion during full year 2014, a 12% increase from the comparable period in 2013.