Global M&A stutters over the summer as firms adapt to ever-changing political and technological change

Mergermarket has just released its Q3 Global M&A report available here.

Highlights of the report include:

  • Following a strong showing in the first half of the year, Q3 2017 has seen just US$ 674bn across 3,772 deals, the lowest quarterly value since Q1 2016 when 4,349 deals worth US$ 623.4bn occurred.
  • With five of the ten largest deals seen in Q3 targeting the US, the last three months have seen more of a shift away from Europe and greater investment on the other side of the Atlantic.
  • Despite a slow Q3, YTD European M&A remained 20.2% ahead of the same period in 2016 by value – largely as a result of the strong first six months of the year.
  • The largest deal targeting Europe in Q3 saw the US$ 12bn takeover of UK-based payment services firm Worldpay by US rival Vantiv. The Worldpay deal is the latest in a long line of post-Brexit inbound deals in the UK, following the drop in the value of sterling in the wake of the EU referendum.

Jonathan Klonowski, Research Editor EMEA at Mergermarket commented:

“Optimism remains strong in Europe despite a slow third quarter. Following a strong first half of the year a comparative lack of megadeals held the region back with just two deals above the US$ 10bn mark. Meanwhile, private equity continues to go from strength to strength in Europe as PE firms look to utilise their vast amounts of capital available.”