
Aviation and Aerospace M&A Quarterly – Q3 2016
01 November 2016
Download Publications (912.63 KB)
- General Electric demonstrated its confidence in the additive manufacturing business with the acquisition of two 3D printing firms – Arcam and SLM Solutions – for a combined value of US$1.4bn.
- Rolls-Royce agreed to acquire 53.1% of Spanish aircraft engine maker ITP for US$795m.
- Qatar Airways upped its stake in IAG to 20.01%, acquired 49% of Italy’s Meridiana and agreed to take a 10% stake in LATAM Airlines Group for US$613.
- North American firms were the top targets in Q3 of 2016, with 12 companies being acquired.

Into the unknown: European M&A Outlook 2016
02 November 2016
Download Publications (3.8 MB)
- Brexit hits expectations. Two-thirds of respondents believe that European M&A will fall when asked in the aftermath of the Brexit vote, compared with just 18% in our survey earlier in the year. Dealmakers are wary of the uncertainty, which could potentially pause activity both in the UK and beyond as companies wait for the dust to settle.
- Bargain hunters. An upside of the Brexit vote for buyers is its effect on the price of assets. Post-Brexit, 54% say that undervalued targets will be one of the greatest buy-side drivers, compared with 39% before the vote. Among corporates and private equity firms considering acquisitions, favourable prices are seen as a key motivator by almost nine in ten.
- Cross-border drive. While European dealmakers may have hit the brakes, the sentiment for international buyers remains strong. Almost four-fifths anticipate more cross-border M&A into Europe next year, while 61% think the value of these deals will increase. Buyers from North America and China in particular will look to snap up assets to fuel overseas growth.

Market Spotlight: US Election
07 November 2016
Download Publications (1.15 MB)

Powering the flow of global capital: Capital markets issuer insights
10 November 2016
Download Publications (1.72 MB)
- Basel III (62%) and Solvency II (48%) are seen as regulations bringing the most benefits.
- FATCA is seen as offering the fewest benefits (53%) and considered the most burdensome.
- The greatest concerns regarding the changing regulatory environment are: increased costs (43%), a reduction in liquidity (31%) and increased counterparty credit risk charges (26%).
- 54% believe emerging markets will deliver growth rates last seen during the 2001–11 boom within the next four years.
- 76% say that a lack of capital markets infrastructure deters them from operating or investing in otherwise attractive emerging markets.
- 88% cite India/South Asia as the most attractive region for long-term growth prospects.

Powering the flow of global capital: Capital markets investor insights
10 November 2016
Download Publications (1.77 MB)
- Basel III (62%) and Solvency II (48%) are seen as regulations bringing the most benefits.
- FATCA is seen as offering the fewest benefits (53%) and considered the most burdensome.
- The greatest concerns regarding the changing regulatory environment are: increased costs (43%), a reduction in liquidity (31%) and increased counterparty credit risk charges (26%).
- 87% say blockchain and distributed ledger technology will affect the market for securities services.
- 78% believe this technology will be actively used within the next six years.
- 38% say blockchain could reduce the cost of providing securities services by more than 20%.
- 54% believe emerging markets will deliver growth rates last seen during the 2001–11 boom within the next four years.
- 76% say that a lack of capital markets infrastructure deters them from operating or investing in otherwise attractive emerging markets.
- 88% cite India/South Asia as the most attractive region for long-term growth prospects.

The ABC of Fintech: Acquisitions, Brexit and Collaboration
24 November 2016
Download Publications (1.72 MB)
- 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
Download Publications (7.57 MB)

Monthly M&A Insider - November 2016
01 December 2016
Download Publications (6.94 MB)
- 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
Download Publications (476.35 KB)

Toppan Vite – M&A Pulse: M&A lessons from 2016
05 December 2016
Download Publications (975.74 KB)
- 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.