Monthly M&A Insider - Q3 2018

25 October 2018

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Growth in global deal activity slowed in Q3 amid concerns about the trade fights sparked by the U.S. against China and the European Union. The pace also slackened in part because PE buyout value declined for the second straight quarter, indicating that financial buyers may be struggling to find targets worthy of their dry powder. Despite the slowdown, however, year-to-date M&A value in 2018 remains ahead of the total from the same period last year. Energy, Mining & Utilities (EMU) led the way among sectors in terms of deal value, with five of the quarter’s top 10 transactions involving an energy company.

Key findings include:

• North America was the leading region in the quarter by value with a total of US$370.4bn.

• Energy, Mining & Utilities saw 320 deals valued at US$196.8n, up 60.9% by value compared to the same period last year.

• Deals valued at US$2.7trn were announced in the first nine months of the year, a 23% increase over the total value in Q1-Q3 2017.