Oops! This page does not exist.

A page doesnt exist with this URL. Click the menu button and browse to where you meant to go.

Buyouts: Market Overview & Financing Trends

Download Publication (399.06 KB)

Sister products Debtwire Par and Mergermarket partnered to produce an exclusive overview of US buyout and financing trends, including extensive advisory league tables for deep insight into industry players.

Download the full report to learn more.

Oops! This page does not exist.

A page doesnt exist with this URL. Click the menu button and browse to where you meant to go.

Oops! This page does not exist.

A page doesnt exist with this URL. Click the menu button and browse to where you meant to go.

Corporate governance frameworks: Hype or an essential practice?

22 October 2019

Download Publications (684.21 KB)

Corporate governance frameworks offer to formalize a company’s policies and potentially deliver additional transparency to external investors. But the roadmap to creating an effective set of policies and deciding who should be accountable for them isn’t as clear. Indeed, even after a company has enacted governance policies, constant review and improvements are not only good practice, but critical in a rapidly changing environment. To find out how the corporate governance landscape is evolving, Toppan Merrill commissioned Mergermarket to survey corporate respondents in North American firms for their insights.
 
Key findings include:
  • 56% of executives surveyed say their company’s principles and beliefs were the basis for their governance policies, followed by federal and state laws/regulations (20%).
  • 96% of respondents say regulation and compliance is an area covered by their corporate governance policies.
  • 64% of respondents update their corporate governance policies at least once a year, with the remainder doing so “as needed.”

Oops! This page does not exist.

A page doesnt exist with this URL. Click the menu button and browse to where you meant to go.

3Q19 Global M&A Report with legal league tables

Download Publication (3.45 MB)

Mergermarket, the leading provider of M&A data and intelligence, has published its 3Q19 report which revealed that the slowdown in dealmaking spread to the US market in 3Q19, causing global M&A to drop 11.4% YTD on last year to USD2.49tn (across 13,304 deals).

  • Activity was particularly subdued in the difficult to interpret third quarter of the year, when USD 622.2bn worth of deals were struck globally, down 21.2% on 3Q18 (USD 789.7bn) and with 1,164 fewer deals than last year.
  • The US market, which had so far seemed immune to the global downward trend at play since the middle of last year, is starting to be impacted. At USD 262.9bn in 3Q19, US M&A is down 32.1% on 3Q18 (USD 387.1bn). Worth USD 1.25tn YTD, US M&A is still marginally up on the same period last year (USD 1.23tn), just about retaining a 50% share of global M&A activity, down from 52.5% in 1H19.
  • Despite a small recovery over the summer, European M&A remains 29.4% lower compared to the same period last year, as a weakening European economy and geopolitical tensions continue to dampen activity. However, London Stock Exchange’s USD 27bn acquisition of US-based financial data provider Refinitiv, the largest deal globally in 3Q19, exemplifies the strength of European outbound M&A, which at USD 187.1bn is up more than 20% on last year and at its highest YTD level since 2016.

Beranger Guille, Global Editorial Analytics Director at Mergermarket commented: “Whether they are motivated by the desire to get more growth, or a way to secure future survival, deals are getting larger. On the back of the longest equity bull market in history, and amid persistently low interest rates, corporates have ample cash reserves and appealing debt financing options at their disposal to pursue M&A. This context and the growing feeling that it will not last forever are pushing valuations up.”

3Q19 Global M&A Report with league tables

Download Publication (3.44 MB)

Mergermarket, the leading provider of M&A data and intelligence, has published its 3Q19 report which revealed that the slowdown in dealmaking spread to the US market in 3Q19, causing global M&A to drop 11.4% YTD on last year to USD2.49tn (across 13,304 deals).

  • Activity was particularly subdued in the difficult to interpret third quarter of the year, when USD 622.2bn worth of deals were struck globally, down 21.2% on 3Q18 (USD 789.7bn) and with 1,164 fewer deals than last year.
  • The US market, which had so far seemed immune to the global downward trend at play since the middle of last year, is starting to be impacted. At USD 262.9bn in 3Q19, US M&A is down 32.1% on 3Q18 (USD 387.1bn). Worth USD 1.25tn YTD, US M&A is still marginally up on the same period last year (USD 1.23tn), just about retaining a 50% share of global M&A activity, down from 52.5% in 1H19.
  • Despite a small recovery over the summer, European M&A remains 29.4% lower compared to the same period last year, as a weakening European economy and geopolitical tensions continue to dampen activity. However, London Stock Exchange’s USD 27bn acquisition of US-based financial data provider Refinitiv, the largest deal globally in 3Q19, exemplifies the strength of European outbound M&A, which at USD 187.1bn is up more than 20% on last year and at its highest YTD level since 2016.

Beranger Guille, Global Editorial Analytics Director at Mergermarket commented: “Whether they are motivated by the desire to get more growth, or a way to secure future survival, deals are getting larger. On the back of the longest equity bull market in history, and amid persistently low interest rates, corporates have ample cash reserves and appealing debt financing options at their disposal to pursue M&A. This context and the growing feeling that it will not last forever are pushing valuations up.”

Fintech M&A: Acquiring a competitive edge in financial services

30 September 2019

Download Publications (2.32 MB)

Mergermarket is pleased to present Fintech M&A: Acquiring a competitive edge in financial services, published in association with Ropes & Gray. This report takes the temperature of today’s fintech M&A market, including the pace at which deals are taking place, the key areas of focus, the challenges and opportunities identified by core market participants, and their expectations of what lies ahead.

Key findings from the report include:

  • Fintech M&A activity has accelerated but not peakedApproximately 5x more fintech deals were done in 2018 than in 2010. However, 92% of survey respondents expect this fintech activity to increase even further in the next year. 
  • Fintech deals are not without their challengesAll three of the respondent groups have encountered problems when completing fintech deals. 65% of fintech corporates have come up against regulatory approval issues in M&A. 61% of banks and other financial institutions say they found establishing valuations very difficult in their latest fintech deal. 67% of PE/VC investors say conducting thorough due diligence on intellectual property was very difficult in their latest deal.
  • Strategic acquirors are increasingly focusing on fintech deal-makingMore than 90% of fintech firms say they have purchased companies in the past two years and expect to buy another company in the next two years. Similarly, 72% of banks and other financial institutions expect to purchase a fintech company in the next two years. All fintech respondents stated that fintech M&A is either critical/transformative (79%) or very important (21%) to their overall business strategy.

CMS European M&A Outlook 2019

05 September 2019

Download Publications (2.56 MB)

Mergermarket is pleased to present Storms brewing: European M&A Outlook 2019, published in association with CMS.

This report provides invaluable insights into the M&A landscape in Europe in 2019, and the opportunities and challenges facing dealmakers.

Highlights from the report include:

  • M&A appetite weakens: 45% of respondents are now not considering M&A, compared to only 28% last year. Only 27% of respondents expect the level of M&A activity in Europe to increase over the next 12 months, and just 1% expect it to increase significantly. Even those that are open to deals have adopted a more defensive mindset, slanting towards divestments and bolt-ons rather than transformative deals.
  • Financing conditions look set to tighten: 72% of respondents expect financing conditions to become more difficult in the coming year, even though, at the moment, interest rates are low and finance is readily available. This contrasts sharply with last year’s survey, in which 47% predicted financing conditions would get easier in the coming year.
  • Distressed M&A and restructuring are expected to rise: 95% of respondents said they expected distressed M&A to rise, including 64% who said they expected it to rise significantly. 94% of respondents said they thought restructurings would increase in number.

Pages

Subscribe to RSS - M&A