Worldwide M&A activity hits $3.7 trillion, up 40% for biggest year-over year gain since '97-98
October monthly deal making activity totals $502.8 billion, powered by seventeen deals over $5 billion, which account for a record-breaking 73% of monthly activity. Just November 1999 and December 2000 saw mega-deal activity account for more than 70% of overall monthly announced deals. This week’s $17.0 billion deal between Walgreens Boots Alliance and Rite Aid, Duke Energy’s $6.6 billion offer for Piedmont Natural Gas and the $5.3 billion acquisition of Interactive Data Corp by Intercontinental Exchange pushed October 2015 into fifth place among the biggest months for deal making since records began in 1980. By number of deals over $5 billion, October ranks third, behind October 2006 which saw 18 deals greater than $5 billion and May 2006 which saw 27 mega-deals.
The United States accounted 46% of October deal making activity, followed by the United Kingdom (25%) and China (10%). Technology M&A activity totaled $158.2 billion during the month accounting for 31% of value, followed by Consumer Staples (25%) and Energy & Power (10%). Goldman Sachs extended its year-to-date lead for worldwide M&A advice, advising on 26 deals with a value of $296.1 billion during October, including six of the top ten deals. Four other firms advised on more than $200 billion in deals this month: JP Morgan, Morgan Stanley and Bank of America Merrill Lynch which advised on four of the top 10 deals and Deutsche Bank with three of the top 10 advisory mandates.