The ABC of Fintech: Acquisitions, Brexit and Collaboration

24 November 2016

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Mergermarket is pleased to present The ABC of Fintech: Acquisitions, Brexit and Collaboration, in association with Mayer Brown.
 
The study, which canvassed the opinions of 120 senior executives at UK-headquartered financial services and fintech companies, looks at how the two are planning to work together in the coming years, and whether regulation and geopolitical volatility will hold them back.
 
Key findings include:
 
  • Financial services and fintech firms are set to become close friends in the next three years: 49% of financial services firms say they expect to engage in a joint venture with a fintech firm in the next three years, while 26% say they expect to acquire a fintech firm over the same period.
  • Most financial services and fintech firms favour some form of self-regulation: 60% of fintech respondents say a self-regulated environment with limited regulatory oversight is ideal, while 76% of financial services respondents think clear regulatory oversight with some self-regulation is best. 33% of respondents say Germany is the European country with regulation most conducive to growth in the fintech industry while 31% point to the UK.
  • Brexit is sowing some uncertainty in fintech and making it difficult to find the right talent: 78% of fintech and 76% of financial services respondents say attracting and retaining talented employees from the EU has become more difficult since the referendum. 82% of respondents are concerned that access to European markets from the UK will be restricted as passporting rules will no longer apply after Brexit.

Market Spotlight: Cybersecurity

30 November 2016

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As the overall volume and value of cross-border transactions has continued to rise this year, cybersecurity has become a top priority for businesses. In the past few months alone several Internet giants have fallen victim to hackers and cyber-attacks. Given that experts estimate a single breach costs an average of US$4m per company, it should come as no surprise that limitations in the cybersecurity infrastructure of a target company can disrupt or even derail otherwise promising deals.
 
In order to gain an understanding of how cybersecurity is impacting M&A transactions, Donnelley Financial Solutions commissioned Mergermarket to interview leading industry experts from around the world for their views.
 
According to the survey’s findings, 64% of respondents say it is more difficult to cope with cybersecurity issues at a target firm when it comes to cross-border M&A deals versus domestic deals. Meanwhile, 88% of respondents agree that cross-border deals within the financial services sector are the most impacted by cybersecurity issues.

Monthly M&A Insider - November 2016

01 December 2016

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October was the strongest month for M&A so far in 2016, and the highest value October in Mergermarket’s history (since 2001). Five mega-deals were the main drivers of this record-breaking month, reaching a total US$227.4bn and accounting for 53.9% of October’s total M&A value. The largest of these deals was AT&T’s US$105bn acquisition of Time Warner. Due to this, the Media sector led October, coming in at 31 deals worth US$106.6bn, up 1,334.4% in value from last year. North American companies were the most sought after for October, with six target companies located in the US being involved in the top 10 deals of the month.
 
Highlights from this report include:
 
  • AT&T’s acquisition of Time Warner accounted for 24.9% of the global M&A value for the month and 98.5% of the Media sector’s total value.
  • Private equity buyouts saw a 4.8% increase in value, while exits experienced a 19.3% drop when compared to October 2015.
  • The largest European transaction, which accounted for 54.5% of the European market share, was the acquisition of Netherlands-based NXP Semiconductors by US-based Qualcomm for US$45.9bn.

The Insurance M&A Success Tracker: Measuring M&A and share price performance

02 December 2016

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Toppan Vite – M&A Pulse: M&A lessons from 2016

05 December 2016

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While the North American M&A market experienced a slow start and an overall decline in both deal volumes and values during 2016, respondents are split on their perceptions of this year’s deal climate. A boost in activity during October, however, has perhaps fueled optimism as corporates look toward 2017 with hopes of growing stability.
 
Toppan Vite, a trusted financial printing and communications company, in partnership with Mergermarket, is pleased to present the fourth M&A Pulse newsletter. This newsletter features responses from 25 US-based senior dealmakers who were interviewed on the current and future state of the US M&A market.
 
Key findings include:
 
  • The promotion of business growth was the most common (24%) strategic driver of M&A activity for respondents.
  • Some 60% of respondents said they have increased deal activity in North America during the past 12 months.
  • The impact of the US election was the largest primary concern for respondents, however Britain’s vote to exit the EU followed closely behind.
 
See more and subscribe to Toppan Vite‘s Blog here
 
 
Toppan Vite, a leader in financial printing, delivers a hassle-free experience for mission-critical content for capital markets transactions, financial reporting and regulatory compliance filings, investment companies and insurance providers. Part of the world’s largest printing company with over $13 billion in annual sales, we have the scale, financial strength and commitment to be the partner of choice for mission-critical transactions, any size, across the globe. Learn more at us.toppanvite.com

The route to growth: Industry consolidation in Asia Pacific

07 December 2016

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Executives in Asia-Pacific face a difficult decision as they contemplate growth strategies in 2016 and beyond: should they restructure or expand? While increasing M&A hints at the latter, management teams across the region agree that reorganizing their businesses and then consolidating within their respective industries will be necessary to strengthen their positions against economic volatility, financial strains and sector rivals.
 
In this exclusive report, The route to growth: Industry consolidation in Asia-Pacific, AlixPartners and Mergermarket analyze the trends, challenges and drivers shaping the corporate decision-making process today and into the years ahead.
 
Results from The route to growth show that:
 
  • Corporate Asia will grow in stages, utilizing performance improvement, corporate restructuring, and divestments in the short-term to achieve growth, and then following this up by consolidating within their primary industries.
  • Key industries are forecasted to consolidate to survive, including Asia Pacific’s information and communications technology, consumer goods, and shipping industries, all of which are expected to experience a wave of mergers within the next five years.
  • Troubling economic conditions will drive consolidation, with 54% of respondents saying current conditions are worse than 12 months ago and 29% saying they expect these conditions to worsen in the year ahead.

Crossing Over: Canadian Cross-Border Dealmaking

14 December 2016

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Canadian cross-border dealmaking has seen a steady uptick in recent years, particularly for outbound transactions. One prime example is the energy, mining & utilities sector, where falling prices and the rise of renewables are reshaping the industry, spurring further consolidation and causing companies to make tough decisions about how to face the future.
 
In order to gain an understanding of the trends and issues Canadian companies are facing in cross-border M&A, Citi commissioned Mergermarket to interview three experts for their thoughts.
 
Points of discussion include:
 
  • Will there be further consolidations involving Canadian energy firms trying to compete in North America?
  • What are the main drivers behind the continued flow of Canadian deals involving US banks, insurers, and wealth management funds?
  • Which factors will impact future Canadian cross-border M&A activity?
  • What sorts of challenges do Asian acquirers face in entering the Canadian market?

Taking Center Stage: M&A in Asia-Pacific

14 December 2016

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Dealmaking in the APAC region reached the second highest Q1-Q3 on Mergermarket record (since 2001). While activity from China has dominated the region recently, Australia has become the second largest APAC M&A market in 2016 by volume, due to its government pledging billions to overhaul transportation networks. India is also poised for a record-breaking year, with deal volumes up 80% from Q1-Q3 2015. Meanwhile, lending and outbound deals by Japan’s cash-rich corporates have been supported by negative interest rates. Overall, activity has been robust throughout Asia-Pacific and the expectation is that increased connectivity, especially among the ASEAN economies, will produce further deal flow in the coming months.
 
In order to explore M&A trends in the APAC region, Donnelley Financial Solutions in collaboration with Mergermarket is pleased to present Taking Center Stage: M&A in Asia-Pacific.
 
Key findings include:
 
  • The technology and industrial & chemicals sectors made up 40% of the APAC region’s total deal volume combined, and similarly provided 39% of deal values combined.
  • Japan saw robust domestic dealmaking with US$43.3bn — the highest combined deal value for the first three quarters of the year since 2012.
  • As the Southeast Asian economies continue to integrate, frontier markets in ASEAN are expected to yield a range of interesting and accessible targets.

Southeast Asia M&A: Trends shaping the region

15 December 2016

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Search publications All Region All Types All Sectors Search Southeast Asia M&A: Trends shaping the region Southeast Asia M&A: Trends shaping the region 15 December 2016 Download (2Mb) In a year marked by volatility and uncertainty across the globe, Southeast Asia has been dealt a mixed hand of challenges and opportunities, both testing the region’s ability to overcome increasingly difficult economic conditions and offering new pathways towards growth. In terms of mergers and acquisitions (M&A), the region posted 388 deals worth US$47.6bn in 2015. 2016 looks on track for a comparable finish in value, with Q1–Q3 2016 already seeing US$43.8bn from 281 deals.
 
Merrill Corporation, a global provider of secure content sharing, regulated communications and disclosure services, in close collaboration with Mergermarket, the leading independent M&A intelligence service, today released Southeast Asia M&A: Trends shaping the region, the second issue in a thought-leadership newsletter series. The publication includes an in-depth interview with Srividya Gopalakrishnan, Managing Director at Duff & Phelps, who presents a market update on investment trends in Southeast Asia, with insights on the ways of mitigating risks and maximizing investment potential in the region.
 
Highlights from Southeast Asia M&A:
 
  • Southeast Asia saw 322 inbound deals from Asia (ex Japan) worth US$44.8bn from 2011–Q3 2016.
  • Significant interest from Japan – accounting for 224 inbound deals worth US$31.6bn from 2011–Q3 2016 – as cash-rich corporates sought growth abroad in the face of a crowded and weak domestic consumer market.
  • Singapore is the region’s top target jurisdiction with 647 deals worth US$125.9bn from 2011–Q3 2016, and 83 deals worth US$15.2bn in Q1–Q3 2016. The nation-state also contributed to more than half the region’s outbound investment in Q1–Q3 2016, with 70 deals worth US$6.78bn.
  • Thailand overtook Singapore to become the top target jurisdiction for intraregional deals in Southeast Asia, recording US$9.9bn worth of deals from Q1–Q3 2016.
  • In private equity, Southeast Asia saw 27 buyouts worth US$5.8bn from Q1–Q3 2016.
  • How technological advancement, such as the use of virtual data rooms, expedites the due diligence and deal-making processes.

Monthly M&A Insider – December 2016

19 December 2016

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M&A activity in November decreased in both volume and value following October’s surprising burst of high-value dealmaking. With 1,098 deals worth a total US$223.5bn, November’s totals represented a 49.3% decrease on 176 fewer deals compared to last month. The energy, mining and utilities (EMU) sector provided one bright spot, however, with 83 total deals worth US$76.5bn — a 26.9% increase over November 2015. Meanwhile, North America achieved the third-best November on Mergermarket record while Japan reached its second-highest deal value for November in Mergermarket history.
 
Highlights from this report include:
 
  • US pipeline company Sunoco’s US$51.4bn move for rival Energy Transfer Partners was the only November deal to break the US$10bn threshold.
  • European M&A activity saw a sharp 81.8% drop in value during November, with 370 deals valued at US$34.5bn.
  • November saw US$27.6bn in outbound deals announced within the APAC region, representing a 389.5% increase from the same month last year.

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