Worldwide M&A up 73%; strongest first half percentage gain since 1998
Powered by a resurgence of deals over $5 billion, the value of worldwide M&A totalled US$1.8 trillion during the first half of 2014, a 73% increase from comparable 2013 levels and the strongest first half for worldwide deal making since 2007. The 73% year-over-year gain marks the strongest first half percentage gain since the first half of 1998, when deal activity more than doubled. Just over 18,300 worldwide deals were announced during the first half of 2014, a slight increase compared to the first half of last year. Second quarter 2014 M&A totalled US$1.1 trillion, a 60% increase from the first quarter of this year and the first quarter to top US$1 trillion since the second quarter of 2007.
European M&A Doubles; best start for Asia Pacific M&A on record
M&A activity for European targets totalled US$508.8 billion during the first half of 2014, more than double the level of activity seen during first half 2013. With US$337.8 billion in announced deals during the first half of 2014, Asia Pacific M&A registered the strongest first half for deal making in the region since records began in 1980.
Hostile & unsolicited M&A accounts for 8% of worldwide M&A
Hostile and unsolicited bids totalled US$145.1 billion during the first half of 2014, accounting for 8% of worldwide merger activity, the highest percentage since the first half of 2007 when hostile and unsolicited deal making accounted for 9% of announced activity.
Cross border M&A more than doubles
Cross Border M&A activity totalled US$689.1 billion during the first half of 2014, accounting for 39% of overall M&A volume and more than double first half 2013 levels.
Triple-digit percentage gains in healthcare & media drive M&A
Driven by pharmaceutical deal making, the healthcare sector was most active during the first half of 2014, commanding 18% of announced M&A and already besting the full-year record for M&A in the sector set in 2007 (US$274.8 billion). The media & entertainment sectors accounted for 13% and 12%, respectively.
Completed advisory fees up 10%
According to estimates from Thomson Reuters/Freeman Consulting, M&A advisory fees from completed transactions totalled US$12.1 billion during the first half of 2014, a 10% increase from the comparable period in 2013.