Worldwide M&A activity totals $2.5 trillion, up 43% compared to YTD 2014 levels
Energy & Power M&A At All-Time High
With this week’s $21.4 billion purchase of natural gas processor MarkWest Energy Partners by MPLX, and WPX Energy’s $3.6 billion bid for RKI Exploration & Production, M&A activity in the energy & power sector reached $396.1 billion so far this year, a 76% increase compared to a year ago and the strongest year-to-date period for deals in the sector since our records began in the 1970s. With these deals, Energy & Power accounts for 16% of 2015 global M&A, overtaking Healthcare to be the most active sector so far this year. Companies based in the United States account for 48% activity in the sector. Morgan Stanley tops the list of 2015 energy & power M&A advisors with $128.4 billion from 20 deals. Goldman Sachs and Barclays follow in second and third positions, respectively.
European IPOs Down 24% YTD
Shares worth US$1.2 billion were placed in Deutsche Pfandbriefbank’s initial public offering this week, the largest German IPO and the 7th largest European IPO so far this year. With this deal, European IPOs total $40.4 billion so far during 2015, marking a 24% decline compared to year-to-date 2014. By number of offerings, European IPO activity is down 17% from last year. Issuers in Spain and United Kingdom account for 43% of year-to-date activity, down from 46% a year ago. Morgan Stanley, JP Morgan and Deutsche Bank command a combined 23% of the European IPO market.