Withdrawn M&A activity totals $335.7 billion, up 53% compared to YTD 2014 levels
Schlumberger’s $14.3 billion bid for Cameron International and Southern Co’s $11.8 billion offer for AGL Resources pushed energy & power deal making to $463.2 billion so far this year, a 35% increase compared to a year ago and the strongest year-to-date period for M&A in the sector since records began in 1980.
Oil & gas M&A totals $328.7 billion during year-to-date 2015, accounting for 71% of total energy M&A this year, on par with year ago levels. The United States and United Kingdom account for a combined 70% of total activity, up from two-thirds last year.
Goldman Sachs, which advised Schlumberger and AGL Resources on this week’s deals, leads the year-to-date 2015 energy & power financial advisory rankings with $217.4 billion in deals.
US IPOs down 34% Over 2014 as Dow Jones Industrial Average Sees Turbulent Week
As the market begins to prepare for the traditional post-Labor Day IPO calendar, US IPO activity registered a second consecutive weekly shutout as the Dow Jones Industrial Average saw an extremely volatile week. New listings from US issuers total $22.8 billion for year-to-date 2015, a 34% decline compared to a year ago and the slowest year-to-date period for US IPOs since 2010. The number of new listings has also fallen 31% compared to last year. Bank of America Merrill Lynch leads the year-to-date ranking of US IPO underwriters with 10.6% market share, up from 8.5% a year ago when the firm ranked fourth.