Worldwide M&A activity hits $4.3 trillion up 41% compared to a year ago
Asia Pacific Target M&A Outpaces Europe For First Time On Record; China Accounts for Record-Breaking 13% of M&A
This week’s $6.0 billion combination between China’s Hainan Island Construction and HNA Infrastructure and the $2.3 billion reverse merger between STO Express and Zhejiang IDC Fluid Control pushed the contribution of Asia Pacific targets to over 20% of the worldwide deal making total, outpacing Europe for the first time since records began in 1980. Overall, Asia Pacific target M&A totals $1.1 trillion, a 65% increase compared to a year ago and the strongest full year on record, while China targets account for 13% of worldwide announced deals so far this year, an all-time record.
U.S. target M&A totals $2.2 trillion so far this year, a 60% increase compared to a year ago and the strongest year-to-date period on record. Representing 50% of total announced deals, U.S. targets account for the highest percentage of WW deals since 2000. M&A involving European targets, which accounts for just 20% of overall activity, totals $852.4 billion this year, up 10% compared to year-to-date 2014 activity.
China IPOs Hit $42.2 billion, a 25% Decline from YTD2015
China Energy Engineering Corp’s $1.8 billion initial public offering brings China IPO activity to $42.2 billion, accounting for 23% of global IPO activity this year, down slightly from last year at this time. CITIC, one of eight bookrunners on this week’s China Energy Engineering IPO, holds the top spot for China IPO underwriting with 6.6% market share, followed by UBS (6.0%) and Everbright Securities (4.8%).