Executive Summary/Highlights: Deal activity was relatively strong in Q3, with global M&A volume of US$717 billion, marking the second strongest quarter of the past two calendar years. Strong Q3 performance was driven in part by Verizon’s $130 billion acquisition of Vodafone’s 45% interest in Verizon Wireless, the third largest deal in history. Excluding Verizon/Vodafone, Q3 … Continued
Executive Summary: There is a strong consensus global M&A volumes will increase as confidence in the overall economy climbs. Below are the results of Ernst & Young’s Capital Confidence Barometer April 2013 – October 2013. The Global Capital Confidence Barometer is a regular survey of senior executives from large companies around the world, conducted by … Continued
Highlights The Australian public M&A market has seen a significant drop in activity over the 12 months to 30 June 2013. After a number of years where the energy and resources sectors were the primary drivers of public M&A activity in Australia, in FY 2013, most activity was in the utilities, industrials, financial services and … Continued
Highlights: The private equity business it has recovered to a constant level. In 2012, private equity transactions related to Germany reached a total volume of approx. EUR 5.8B. Other than in the United States, volumes and conditions have not returned to their levels of before 2007, but there is development in this direction. Following 2007, … Continued
Executive Summary: Capital markets in Canada have followed the trend experienced in global capital markets recently, showing mixed results. A measured level of optimism for economic rebound in some parts of the World in the last year or so was tempered by the continued European debt crises and the fears regarding the U.S. fiscal cliff. … Continued
Executive Summary/Highlights: Global M&A volume in Q2 was US$498 billion, roughly the same as Q1 but down 25% from the same quarter last year. The United States had another comparatively strong quarter, accounting for four of the five largest deals globally in the quarter and 43% of global M&A volume in the first half of … Continued
Executive Summary: Despite the gloomy predictions of foreign economists, the Chinese economy is not near collapse, but actually about to turn around. The presentation explores the current state of the economy, looking at metrics suggesting the Chinese economic down turn is worse than signaled by its GDP numbers, explains economic growth cycles and suggests key … Continued
Executive Summary/Highlights: Global M&A volume in Q1 was US$546 billion, up 10% from the same quarter last year but down from last year’s strong finish in the fourth quarter. Q1 saw a number of transformative transactions across the globe, including four transactions exceeding US$15 billion in value (Berkshire Hathaway/3G Capital – Heinz, Michael Dell/Silver Lake … Continued
Highlights: The article below presents Gilbert + Tobin’s tips and forecasts for M&A in Australia in 2013. The key to successful M&A is simplicity and speed. Acquiring pre-bid stakes outright up front gives bidder a strong strategic advantage. Cash is preferable to scrip consideration. Avoid deal structures which will attract regulatory scrutiny and lengthy approval … Continued
Executive Summary: In our annual review of the topics shaping governance today, we consider the ideas that will trend in boardrooms across Canada for months and years ahead. The dominant theme is the shareholder. Directors need look no farther than the events of 2012 to convince them that shareholders have the power to seize the … Continued
