WW M&A activity totals $2.9 trillion, up 40% compared to YTD 2014 levels
Announced worldwide M&A activity tumbled to just over $14 billion so far this week, marking the first weekly period to log under $20 billion in deals since January 2012. Liberty Interactive’s $2.1 billion bid for online retailer Zulily topped the list of weekly deals, a week that was without a deal greater than $5 billion for the first time in 15 weeks. With the addition of the Zulily deal, retail deal making totals $153.6 billion, more than double year-to-date 2014 levels, while financial M&A, bolstered by BB&T Corp’s $1.8 billion bid for National Penn Bancshares, reached $246.6 billion, a 10% increase compared to a year ago and the strongest period for deal making in the sector since 2009.
Cross-Border Deal Making Tops $1 Trillion for First Time Since 2007
Pentair PLC’s $1.8 billion bid for US-based Erico Global pushed the level of cross-border mergers and acquisitions to $1.0 trillion, a 29% increase compared to a year- ago and the first year-to-date period to see over $1 trillion in cross-border deal making since 2007. The United States and United Kingdom account for a combined 46% of cross-border targets while, the United States, Netherlands and Canada account for 41% of global cross-border acquirors. Cross-border pharmaceutical M&A accounts for 13% of the global tally so far this year, followed by Oil & Gas with 10% and Chemicals with 8%.