Global M&A Review 3Q 2017: Thomson Reuters

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Worldwide deal making up 3%, number of deals flat

Worldwide M&A activity totaled US$2.4 trillion during the first nine months of 2017, a 3% increase compared to the first nine months of 2016. Deals with a value greater than US$1 billion totaled US$1.5 trillion, flat compared to last year's first nine months. By number, deals greater than US$1 billion increased 9% compared to a year ago. Overall, 35,360 worldwide deals were announced during the first nine months of 2017, flat compared to a year ago.

Deal making down 3% from Q2'17

The value of worldwide M&A announced during the third quarter of 2017 totaled US$819.7 billion, a decrease of 3% compared to the second quarter of the year (US$845.3 billion), but a 2% increase compared to the second quarter of last year (US$806.4 billion).

Outbound US and Intra-Europe M&A powers cross-border M&A

Powered by increased levels of outbound M&A from acquirors based in the United States and intra-Europe M&A activity, cross-border M&A activity totaled US$943.3 billion during the first nine months of 2017, accounting for 39% of overall M&A volume and the highest first nine month tally in two years. China Outbound M&A totaled US$121.2 billion, a 27% decline compared to last year's record first nine months.

European M&A up 29%; United States deals down 12%

M&A activity for European targets totaled US$629.3 billion during the first nine months of 2017, an increase of 29% compared to the level of activity seen during 2016. With US$901.0 billion in announced deals during the first nine months of 2017, United States M&A fell 12% compared to a year ago, while the number of United States deals increased by 18%, the largest first nine months, by number of deals, since 1996.

Energy & power, industrials, real estate lead sector mix

Deal making in the Energy & Power sector totaled US$369.8 billion during the first nine months of 2017, an increase of 7% compared to 2016 levels, while Industrials M&A increased 25%. Real Estate deal making accounted for 12% of overall M&A activity, while Technology M&A accounted for 10%. Materials and Technology M&A registered the steepest year-over-year declines, down 46% and 28%, respectively.

Completed M&A advisory fees increase 20%

Estimated M&A advisory fees from completed transactions totaled US$27.4 billion during the first nine months of 2017, a 20% increase from 2016 levels.

Source: Thomson Reuters

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