Q1 Worldwide M&A top 25 league table - Morgan Stanley top of the heap

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Worldwide M&A Up 36% Net Of Competing Bids; Number Of Deals Falls To Decade Low

The value of worldwide M&A totalled US$756.1 billion during the first quarter of 2014, a 52% increase from comparable 2013 levels. Net of the competing bids for US-based Time Warner Cable and France’s SFR, worldwide M&A has increased 36% compared to first quarter 2013, marking the best annual start for worldwide deal making since 2011. Just over 8,200 worldwide deals were announced during the first quarter of 2014, a 10% decline from a year ago and the slowest opening period for M&A, by number of deals, since 2004.

Cross Border Up 86%; Emerging Markets Account For 17% Of M&A

Cross Border M&A activity totalled US$245.2 billion during the first quarter of 2014, accounting for 32% of overall M&A volume and up 86% compared to first quarter 2013. Accounting for 17% of worldwide announced activity, M&A involving companies located in the emerging markets totalled US$125.6 billion during first quarter 2014, a 5% decrease from 2013.

Completed Advisory Fees Up 8%

According to estimates from Thomson Reuters/Freeman Consulting, M&A advisory fees from completed transactions totalled US$5.6 billion during the first quarter of 2014, an 8% increase from the comparable period in 2013.

Triple-Digit Percentage Gains In Media, Healthcare, Tech Drive M&A

The media and entertainment sector was most active during the first quarter of 2014, commanding 21% of announced M&A, while the real estate and energy and power sectors each accounted for 10%. Net of competing bids, media, healthcare, technology and consumer products led all sectors by growth rate with triple-digit percentage increases over 2013. The first quarter marks the strongest opening period for worldwide media and technology M&A since 2000. Consumer staples deal making was the only sector to register a deficit compared to first quarter 2013, down 30%.

Buyside Private Equity M&A Up 21% Compared To 2013

Worldwide private equity-backed buyouts and portfolio company acquisitions totalled US$139.1 billion during the first quarter of 2014. Private equity deal making in the high tech, telecommunications and energy sectors accounted for 51% of the activity during the first quarter, up from 29% during 2013. Accounting for 18% of worldwide M&A during the first quarter 2014, private equity-backed M&A increased 21% compared to first quarter 2013 levels.

M&A Q1 2014 Worldwide Announced (AD1)Source: Thomson Reuters

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