Tried and trusted: US M&A in 2017

01 February 2018

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Mergermarket is pleased to present Tried and trusted: US M&A in 2017, in association with White & Case.
The report looks at the key factors and trends powering US M&A activity in 2017. And, for the first time, also contains an exclusive survey of 200 senior-level dealmakers, revealing the drivers and challenges for the year ahead.
Key findings include:
  • The total value of M&A deals targeting US firms dropped 14.3 percent year-on-year to US$1.3 trillion. Yet despite the decline in value, 2017 activity continued at a high level and outpaced all other post-crisis years from 2008 to 2013.
  • The value of private equity buyouts in 2017 reached a post-crisis high (US$190.8 billion), while volume recorded its highest annual total on record (1,176 deals).
  • US dealmakers dominated the top end of the market, with eight out of the top-ten deals between US-based bidders and targets. 
  • M&A deal value targeting the consumer sector jumped 139 percent year-on-year. TMT was the most active sector by volume, accounting for 1,213 deals.
  • Three-quarters of respondents to our survey say a reduction in federal corporation tax will increase their appetite for M&A.
  • Just over half of the participants (51 percent) estimate that M&A improved their underlying earnings per share (EPS) by between 3 and 4 percent.
  • A quarter of respondents identify the acquisition of IP/technology as the main strategic rationale for deals in the year ahead.