Worldwide M&A activity totals $1.2 trillion, down 18% compared to YTD 2015
Materials M&A hits $186.7 billion this year, up 84% compared to 2015
European Follow-On activity totals $38.3 billion, down 49% compared to a year ago
Retail ECM totals $7.5 billion for YTD 2016, down 60% from a year ago
China Debt Capital Markets hits $399.9 billion, up 74% compared to last year
Financials DCM up 6% compared to 2015 with $1.4 trillion raised this year
Value of M&A Deals Over $5 billion Falls 30%
Bayer’s $61.7 billion unsolicited offer for Monsanto became the second chemicals deal to top the list of largest M&A deals so far this year and pushed the level of worldwide deal making for deals over $5 billion to $451.5 billion, a 30% decline compared to a year ago and a two-year low. Bolstered by this year’s bids for Monsanto and Syngenta, deal making in the materials sectors accounts for 27% of overall announced mega deals, followed by industrials (18%) and healthcare (17%). Goldman Sachs, which leads the year-to-date advisory rankings for total M&A, has advised on an industry-leading 17 deals over $5 billion this year, followed by Morgan Stanley (13) and Bank of America Merrill Lynch (11).
Strongest Week for U.S. IPOs This Year; Overall Activity Down 60% from 2015
Powered by a $1.0 billion listing from US Foods, five U.S. initial public offerings raised a total of $1.5 billion this week, marking the strongest week for U.S. IPO issuance this year and pushing year-to-date 2016 volume to $5.0 billion, a 60% decline compared to year-to-date 2015. Just 26 offerings have come to market this year, a 56% decline compared to 2015 and the slowest year-to-date period, by number of listings, since year-to-date 2009 when eight IPOs priced. JP Morgan, which managed the US Foods offering along with eight other bookrunners, leads the year-to-date ranking of US IPO underwriters with 11.6% share, followed by Goldman Sachs with 10.0% and Bank of America Merrill Lynch with 9.7%.