DOCSLIB.ORG

Monthly M&A Insider

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Monthly M&A Insider QUARTERLY EDITION A MERGERMARKET REPORT ON GLOBAL M&A ACTIVITY MONTHLY M&A INSIDER APRIL 2017 CONTENTS 03 WELCOME FROM MERRILL CORPORATION 04 GLOBAL OVERVIEW 13 NORTH AMERICA 21 C&S AMERICA 29 EUROPE 37 MIDDLE EAST & AFRICA 45 ASIA-PACIFIC (excluding Japan) 53 JAPAN 61 LEAGUE TABLES 62 MERRILL DATASITE 63 MERRILL CORPORATION: ABOUT AND SALES DIRECTORY WELCOME FROM MERRILL CORPORATION Welcome to the April issue of the Monthly M&A Insider, brought to you by Merrill Corporation and Mergermarket. The Monthly M&A Insider explores the global M&A market Strong finish Looking ahead, it is likely that we will see a continuation of with respect to the numbers, movements and trends, as well cautious resilience from global dealmakers. Buyers in China as revealing the top financial and legal advisers – globally and Despite a first quarter of mixed activity, final Q1 figures were and Europe in particular will continue to tread carefully as across six regions (North America, Central and South America, boosted by strong dealmaking in January and March. Among dealmakers come to terms with new regulations and the Europe, Middle East and Africa, Asia-Pacific and Japan). the highlights were: impact of Brexit negotiations. Meanwhile, in North America, the impact of the Trump administration seems to have done Looking back at the first quarter of 2017, we have seen a • Energy, Mining & Utilities posted the strongest little to deter activity. spike in global M&A deal value when compared to Q1 2016, performance, with M&A transactions in this sector making but a sharp decline in volume. This continues the trend of up 24.1% of all value for the quarter. Two of the three an increasing number of megadeals that started in Q4 2016 largest deals for the quarter involved pipeline operators, Sincerely, and finishes off Q1 on a high. After a strong January, and a helping to launch the sector to the top spot. slightly faltering February, market performance in March regained momentum. • The number of announced Consumer megadeals reached record heights, with three deals valued over US$10bn, Adam Pang Total deal value rose 8.9% versus Q1 2016 to reach US$678.5bn, resulting in the highest valued Q1 for this sector since Vice President, DataSite yet the number of deals dropped from 4,326 to 3,554. We still 2008 (395 deals, US$136.1bn). Merrill Corporation see many companies taking a wait-and-see approach to M&A due to regulatory swings in the US, Europe, and Asia. Chinese • Private equity buyout activity mirrored overall deal buyers in particular have slowed activity, thanks to increased trends with a rise in value over volume, while exits regulatory scrutiny from the Chinese government, while decreased overall. inbound European M&A has also backed off. • Three of the quarter’s top 10 deals were announced Political uncertainty in Europe appears to have affected activity in March, the largest of which was Intel Corporation’s from international dealmakers pursuing deals in the region, US$14.7m bid for Mobileye, a technology designer for while North American dealmakers have actually increased their driverless cars. activity across the pond, increasing their Q1 deal value by 16% in 2017 compared to Q1 2016. MERRILL 3 GLOBAL NORTH C&S MIDDLE EAST ASIA- LEAGUE MERRILL CONTACT WELCOME EUROPE JAPAN OVERVIEW AMERICA AMERICA & AFRICA PACIFIC TABLES DATASITE MERRILL GLOBAL OVERVIEW QUARTERLY EDITION GLOBAL OVERVIEW In the first quarter of 2017, an intriguing shift occurred in global M&A. Total deal value rose 8.9% Key Stats from the same period last year to reach US$678.5bn – but the number of deals dropped sharply, from 4,326 to 3,554. These two figures reflect a continued increase in megadeals worldwide, combined with a greater sense of uncertainty among smaller buyers in the face of geopolitical 3,554 deals valued at US$678.5bn, up 8.9% by value with 772 fewer instability. Many companies are taking a wait-and-see approach to M&A due to regulatory swings deals compared to 4,326 deals worth in the US, Europe, and Asia. US$622.9bn in Q1 ‘16 Top sector Looking at activity by region, North America were 484 exits compared to 522 a year ago, it did not already own in Reynolds American. Energy, Mining & Utilities maintained its position as the leading and value stood at US$78bn, an 11.4% decline. In the Pharma, Medical & Biotech space, saw 293 deals worth destination for acquirers with 1,258 deals deals in an array of segments contributed US$163.8bn, up 90% by worth US$333.3bn. This represented 49.1% The Energy, Mining & Utilities sector saw the to the value figure, including American value compared to 338 of all value globally for the quarter. Europe most activity of any industry in Q1, with 293 Securities’ US$2.4bn acquisition of medical deals worth US$78.5bn also sustained its traditional advantage deals worth US$163.8bn. Reorganisation services provider Air Methods Corporation. in Q1 ‘16 in deal volume with 1,350 deals valued at by midstream companies continued to US$170bn. M&A value declined everywhere drive activity. Two of the three largest deals Cross-border activity kept up its unstoppable but in North America and Africa & the involved pipeline operators, ONEOK and rise, as deals between companies in different Top Financial Adviser Middle East, where there were 84 deals Williams Companies, which each bought countries increased 4% to US$336.6bn. Goldman Sachs ranked worth US$28.3bn. affiliated master limited partnerships (MLPs) This represented 49.6% of all global value. first with 70 deals worth for more than US$11bn. Overall, deals in the Four of the top five deals in the quarter were US$194.5bn, compared The trend in private equity buyouts mirrored energy sector represented 24.1% of all value cross-border in nature, including French to 50 deals worth that of overall M&A: value increased, by 9.2% in the quarter. lens-maker Essilor International’s US$25.4bn US$224.2bn in Q1 ‘16 to US$78.7bn, while volume declined, from purchase of Italy’s Luxottica Group. 680 to 576 deals. Major deals in the insurance The Consumer and Pharma, Medical and financial services sector drove value & Biotech sectors had the second- and Comparing the first quarter to previous years, Top Legal Adviser in particular. Two examples from March third-highest value totals, respectively. the value of US$678.5bn marked something Cravath, Swaine & Moore include KKR teaming with CDPQ to buy Three deals each worth more than US$17bn of a decline. Except for Q1 2016, it was the ranked first with 22 deals insurer USI Holdings for US$4.3bn and Vista contributed heavily to the Consumer total of weakest quarter in terms of value since Q1 worth US$163.1bn, Equity Partners acquiring fintech firm DH US$136bn. These included the largest deal 2014. At the same time, the volume of 3,554 compared to 17 deals Corporation for US$3.4bn. PE exits decreased of the quarter, British American Tobacco’s deals was the lowest since Q2 2013. worth US$107.7bn in somewhat both in volume and value: there US$60.7bn purchase of the remaining 57.83% Q1 ‘16 GLOBAL 5 MERRILL NORTH C&S MIDDLE EAST ASIA- LEAGUE MERRILL CONTACT OVERVIEW EUROPE JAPAN WELCOME AMERICA AMERICA & AFRICA PACIFIC TABLES DATASITE MERRILL TREND GRAPHS GLOBAL M&A TREND GLOBAL PRIVATE EQUITY TREND 4,500,000 20,000 600,000 3,000 18,000 4,000,000 500,000 2,500 16,000 3,500,000 US$ 1,202,932 14,000 3,000,000 400,000 2,000 US$ US$ 822,899 12,000 1,013,315 Number of deals Number of deals 2,500,000 US$ 10,000 1,500 927,272 300,000 US$ US$ Value (US$m) Value Value (US$m) Value 2,000,000 US$ US$ 858,317 529,767 757,055 572,058 US$ 8,000 US$ 886,331 485,625 US$ 448,579 1,500,000 200,000 1,000 US$ US$ US$ US$ 6,000 US$ US$ 404,625 395,742 523,305 657,439 395,341 1,035,620 US$ US$ US$ US$ US$ 320,997 US$ 1,000,000 964,056 293,927 754,119 4,000 274,029 292,328 US$ US$ 100,000 500 565,581 560,237 500,000 2,000 US$ US$ US$ US$ US$ US$ 760,096 US$ US$ 566,829 622,902 678,486 465,690 447,077 78,763 78,094 0 0 0 0 2012 2013 2014 2015 2016 YTD 2017 2012 2013 2014 2015 2016 YTD 2017 Q1 Q2 Q3 Q4 Volume Buyout value Exit value Buyout volume Exit Volume GLOBAL 6 MERRILL NORTH C&S MIDDLE EAST ASIA- LEAGUE MERRILL CONTACT OVERVIEW EUROPE JAPAN WELCOME AMERICA AMERICA & AFRICA PACIFIC TABLES DATASITE MERRILL TREND GRAPHS REGIONAL BREAKDOWN AS A PROPORTION OF GLOBAL TOTAL M&A VALUE GLOBAL M&A SECTOR BREAKDOWN Q1 2017 Energy, Mining & Utilities Value: US$163.8bn Number of deals: 293 Market share: 24.1% Europe North America US$170bn US$333.3bn 1,350 deals 1,258 deals 25.1% Consumer 49.1% Value: US$136.1bn Asia-Pacific Number of deals: 395 (excluding Japan) US$124.8bn Japan Market share: 20.1% 727 deals US$8.6bn 18.4% 10 deals 1.3% Pharma, Medical & Biotech Africa & Value: US$76.5bn Middle East Number of deals: 304 US$28.3bn C&S America Market share: 11.3% 84 deals US$13.1bn 4.2% 119 deals 1.9% Industrials & Chemicals Value: US$73.9bn Number of deals: 681 Market share: 10.9% Key Financial Services Region Value: US$56.6bn Value Value % Value Up/Down Number of deals: 267 (US$bn) change Volume Value market share Market share: 8.3% Cross-border $336.6 4% Domestic $341.9 14.3% GLOBAL 7 MERRILL NORTH C&S MIDDLE EAST ASIA- LEAGUE MERRILL CONTACT OVERVIEW EUROPE JAPAN WELCOME AMERICA AMERICA & AFRICA PACIFIC TABLES DATASITE MERRILL TOP DEALS TOP 10 ANNOUNCED DEALS FOR 2017 Deal value Deal value Deal value Deal value Deal value US$60,734m US$29,592m US$25,423m US$17,835m US$17,147m Announced Announced Announced Announced Announced 17-Jan-17 26-Jan-17 19-Jan-17 10-Feb-17 01-Feb-17 Bidder company Bidder
Load more

Recommended publications
  • China - Latin America Commodity Trade & Investment: Enduring Trends Towards 2027… Rafael Valdez Mingramm, Ke-Li Wang, Antonio Jiménez and Jesús J
    China - Latin America Commodity Trade & Investment: Enduring Trends Towards 2027… Rafael Valdez Mingramm, Ke-Li Wang, Antonio Jiménez and Jesús J. Reyes1 + 86 (21) 6109-9568 x 8015 / [email protected] Trade & investment between China and Latin America has increased more than tenfold since 2000, a result of China’s economic reforms and over 30 years of sustainable growth. Soybean, copper, oil and timber are some of Latin America’s commodities that are being increasingly exported to China. This report aims to provide a general overview of the commodity trade and sample investments between these two regions, its current environment, and future trends. By studying Japan and South Korea’s per capita commodity consumption patterns, we develop a reference forecast of selected commodities through the year 2027… 1 Rafael Valdez Mingramm is one of the Founding Partners of SinoLatin Capital, Ke-Li Wang and Antonio Jimenez Rosa are pursuing an MBA at The China Europe International Business School (CEIBS), and Jesus J. Reyes Muñoz is doing the Joint MBA/MA program at The Wharton School & the Lauder Institute for International Studies of the University of Pennsylvania. Copyright © SinoLatin Capital Inc. All rights reserved. [email protected] www.sinolatincapital.com + 86 (21) 6109-9568 x 8015 November, 2009 Overview China’s 30 years of sustainable Commodities such as minerals, fuel, forestry goods, and agriculture crops are a economic growth, the cornerstone of today’s global economy. These are produced, transported, and emergence of a vibrant middle processed to satisfy our everyday needs of food, energy, and raw materials for class and massive spending in virtually every product we consume on a daily basis.
    [Show full text]
  • Shroud Over Show Industry
    Life World Stories Carrie Underwood carved 1st woman to Business in stone win award of top Collector of ancient bricks Stocks plummet 5% reconstructs picture of past. entertainer twice > Page 13 CHINA> Page 20 > Page 10 TUESDAY, April 20, 2010 chinadaily.com.cn RMB ¥1.5 Life limping back to normal By FU JING Inside CHINA DAILY Additional coverage, pages 2,3 Editorial: Spirit of volunteerism, YUSHU, Qinghai — As page 8 truckloads of food, water and tents poured in amid inclement also rescued at 5:30 pm aft er weather, a state of relative nor- being trapped under debris for malcy has begun to return to 130 hours. Gyegu, the epicenter of a pow- Badly-needed daily necessi- erful tremor last Wednesday ties as well as the fi rst batch of that has left 1944 people dead television sets arrived Monday and 216 missing in Qinghai morning from Xining, the pro- province. vincial capital 840 km away. Vendors returned to the Earlier eff orts to send aid to streets for the first time since this remote plateau town, the 7.1 magnitude earthquake home to 100,000 people, had — China’s strongest in nearly been hampered by poor road two years — which reduced and weather conditions as well nearly 90 percent of buildings as heavy traffi c. to rubble. Survivors packed temporary Dispelling the gloom briefl y phone booths and charger sta- was news of two miracle res- tions on Gyegu’s main street, cues. trying to make free calls to Five days after the catas- relatives and friends or recharge trophe, an elderly woman their cellphones.
    [Show full text]
  • Preface 1 Introduction
    NOTES Preface 1. R. Evan Ellis, China: The Whats and Wherefores (Boulder, CO: Lynne Rienner Publishers, 2009). 2. Ibid. 3. R. Evan Ellis, The Strategic Dimension of China’s Engagement with Latin America (Washington, DC: Center for Hemispheric Defense Studies, 2013). 1 Introduction 1. Direction of Trade Statistics Quarterly (Washington, DC: International Monetary Fund, September 2013), 23. 2. Ibid. 3. Indeed, China’s diplomatic initiatives toward Latin America at this time may have been motivated, in part, by its desire to secure entry into the WTO. See Alex E. Fernandez Jilberto and Barbara Hogenboom, “Latin America and China: South-South Relations in a New Era,” in Latin America Facing China: South-South Relations Beyond the Washington Consensus, eds., Alex. E. Fernandez Jilberto and Barbara Hogenboom (New York: Berghahn Books, 2012). 4. Latin America scholar Dan Erikson argues that it was from this moment that China’s expansion into Latin America began to attract “wide- spread notice” in the United States. Daniel P. Erikson, “Conflicting U.S. Perceptions of China’s Inroads in Latin America,” in China Engages Latin America: Tracing the Trajectory, eds., A. H. Hearn and José Luis León Marquez (Boulder, CO: Lynne Rienner Publishers, 2011), 121. See also “Foreign Minister Li Zhaoxing Comments on the Fruitful Results of President Hu Jintao’s Trip to Latin America,” Ministry of Foreign Affairs of the People’s Republic of China. November 26, 2004. http://www.fmprc .gov.cn/eng/topics/huvisit/t172349.htm. 5. Alejandro Rebossio, “La mayor economía de Asia continental se expande fuera de su territorio y de a poco aparecen las verdaderas inver siones chinas,” La Nación, November 14, 2004.
    [Show full text]
  • Financial Rankings 2015 2015
    GLOBAL M&A MARKET REVIEW FINANCIAL RANKINGS 2015 2015 GLOBAL M&A FINANCIAL ADVISORY RANKINGS The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The CONTENTS tables represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equity- 1. Introduction swaps, joint ventures, private placements of common equity and convertible securities, and the cash 2. Global M&A Year in Review injection component of recapitalization according to Bloomberg standards. 3. Global M&A Heat Map 4. Global M&A Regional Review Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We 5. Global M&A League Tables provide a global perspective and local insight into unique deal structures in various markets through a 6. Americas M&A Regional Review network of over 800 financial and legal advisory firms, ensuring an accurate reflection of key market trends. 7. Americas M&A League Tables Our quarterly league table rankings are a leading benchmark for legal and financial advisory performance, and our Bloomberg Brief newsletter provides summary highlights of weekly M&A activity and top deal 9. EMEA M&A Regional Review trends. 10. EMEA M&A League Tables 13. APAC M&A Regional Review Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league 14. APAC M&A League Tables table results. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/.
    [Show full text]
  • Monthly M&A Insider
    A MERGERMARKET REPORT ON GLOBAL M&A ACTIVITY MONTHLY M&A INSIDER JANUARY 2016 CONTENTS 03 GLOBAL OVERVIEW 12 NORTH AMERICA 20 C&S AMERICA 28 EUROPE 36 MIDDLE EAST & AFRICA 44 ASIA-PACIFIC (excluding Japan) 52 JAPAN 60 LEAGUE TABLES 61 ABOUT MERRILL CORPORATION & MERRILL DATASITE 63 MERRILL CORPORATION CONTACTS GLOBAL OVERVIEW QUARTERLY EDITION GLOBAL OVERVIEW 2015 has been an extraordinary year for M&A. With 16,837 transactions worth US$4.3tn announced Key Stats globally, total value rose 30.5% from last year, breaking 2014’s previous record of US$3.3tn, despite a drop in volume by 560 transactions from 17,397. High valuations also led 2015 to becoming the year of mega-deals, as well as broken records in several sectors and within the advisory space. 16,837 deals valued at US$4.3tn, up 30.5% by value with 560 fewer deals compared to 17,397 deals worth US$3.3tn in 2014 The year’s top deal was US-based Pfizer’s by 372 deals from 1,703. Falling commodities has advised on more than US$1.5tn in announcement that it would acquire Ireland- prices in 2015 made for attractive price tags, transactions. Skadden Arps Slate Meagher Top sector based Allergan for a staggering US$183.7bn particularly on energy targets; by the end of & Flom, the top legal advisor for 2015 and Energy, Mining & Utilities – making it the largest pharmaceutical the year, the price of oil had settled on a 12- the first to cross the trillion-dollar advisory saw 1,331 deals worth transaction and second-largest overall in year low of just over US$37 a barrel.
    [Show full text]
  • MBA Career Report 2009 WHARTON Was the First Collegiate Business School in 1881, and That Spirit in This Report of Innovation Still Drives Us Today
    MBA CAREER REPORT 2009 WHARTON was the first collegiate business school in 1881, and that spirit In This Report of innovation still drives us today. Our Recruiting Wharton Students and Alumni 2 professors are leading scholars who are Class of 2009, Full-Time Employment Profile 6 committed to pushing the boundaries of Industry 7 Offer Sources and Compensation 8 business knowledge through their research Function 9 Location 10 and teaching. We are at the forefront of Class of 2010, Summer Internships global business education, providing the Profile 12 Industry 13 broadest range of degree programs and Offer Sources and Compensation 14 Function 15 educational resources for more than a Location 16 million executives and students in 189 Employer Recognition 18 Top Hirers countries. Through our engagement with Full-Time, Class of 2009 20 Summer, Class of 2010 20 leading companies and policy-makers, Employer Offers 2009 21 we bridge the gap between research Wharton MBA and practice and influence public policy Management Team Back Cover around the world. It is my pleasure to share with you the 2009 Wharton MBA Career Report. While the past year represented one of the most challenging job markets for our students in decades, Wharton students still achieved significant success in mak- ing their career aspirations a reality. The Wharton MBA Career Report reflects the diversity of talent at Wharton and celebrates the incredible support we received from employers and alumni who continue to value the capabilities, skills and experience of our students. MBA Career Management addressed changing student and employer needs by increasing the number of staff, renewing our focus on job skills and expanding our emphasis on school-wide corporate outreach.
    [Show full text]
  • The New Farm Owners Table
    Corporate investors lead the rush for control over overseas farmland Investment Legal base Type Participating Details vehicle investors Abraaj Capital UAE Investment Abraaj Capital reported in 2008 that it had been buying farmland in Pakistan. The company also said it would invest in dairy firm farming in Pakistan from its US$250 million fund for Pakistan. Abraaj manages five equity funds and its parent group, Abraaj Capital Holdings Limited, has an issued share capital of US$ 1 billion and US$5bn of assets spread across the Middle East, North Africa and the South Asia AC Agri Germany Specialised - Aquila Capital Aquila Capital Group is an investment company with US$2.4 billion under management. Its AC Agri Opportunity Fund seeks to Opportunity fund (Germany) take over farm properties in Brazil, Australia and New Zealand. The fund is targeting an investment of up to US$400 million, Fund with a first capital raising of US$100 million. It is run by Detlef Schoen, an ex-CEO of Cargill Germany. The farm properties selected will be producers of dairy, beef cattle, sugar cane and row crops in stable least-cost locations, ensuring the minimisation of risk through both commodity and location diversity. This fund is composed of two sub-funds: the Oceania Dairy Fund (ODF) and the Brazil AgriFund (BAF), with rate of return targets of 12% and 25% respectively for a minimum of 5 years. Investments, set at a minimum of US$5m, will be generally allocated between the ODF and BAF at 30% and 70%, but investors will be able to select their own allocations depending on their individual needs.
    [Show full text]
  • US M&A News and Trends
    Media Questions/Requests FLASHWIRE US MONTHLY [email protected] January 2019 This Issue: US M&A News and Trends U.S. M&A deal activity decreased in December, going down 9% U.S. private equity activity increased in December up 1.8% from 2 US Merger with 945 announcements compared to 1,039 in November. November. There were 114 deals in December compared to 112 in Aggregate M&A spending decreased as well. In December 27% less November. Aggregate transaction value decreased, down by 19.2% Metrics was spent on deals compared to November. to $17.3 billion from November's $21.4 billion. 2 US Middle Over the past 3 months, the sectors that saw the biggest increases The top financial advisors for 2018 based on deal announcements, in M&A deal activity, relative to the same three-month period one are: Goldman Sachs & Co., JPMorgan Chase & Co, Houlihan Lokey, Market Monitor year ago, was: Health Technology (150 vs. 97), Distribution Services Inc., Morgan Stanley, and Barclays Plc. The top five financial (186 vs. 152), Commercial Services (505 vs. 476), Finance (434 vs. advisors, based on the aggregate transaction value of the deals 3 US Sector 406), and Transportation (86 vs. 60). Seventeen of the 21 sectors worked on, are: Goldman Sachs & Co., Morgan Stanley, JPMorgan Activity & Value tracked by FactSet Mergerstat posted relative gains in deal flow Chase & Co, Barclays Plc, and Bank of America Merrill Lynch. over the last three months compared to the same three months one year prior. The top legal advisors for 2018 based on deal announcements, are: 4 US Strategic Kirkland & Ellis LLP, Jones Day LP, Latham & Watkins LLP, Morgan, Buyer Report Over the past 3 months, the sectors that have seen the biggest Lewis & Bockius LLP, and Skadden, Arps, Slate, Meagher & Flom LLP.
    [Show full text]
  • China's Financing in Latin America and the Caribbean
    CENTRO DE ESTUDIOS CHINA-MEXICO UNIVERSIDAD NACIONAL AUTONOMA DE MEXICO CHINA’S FINANCING IN LATIN AMERICA AND THE CARIBBEAN hina’s global economic presence has solidified in the Cfirst two decades of the 21st century: it has not only become the biggest economy since 2014 –according to the purchasing power parity (ppp) by the International Monetary Fund–, the major exporter, the most dynamic AGRICULTURAL DEVELOPMENT BANK OF CHINA importer, as well as the second source of foreign direct investment outflows in the world, among other noticea- ble recent socioeconomic trends. The goal of this book is to focus on China’s financing in lac during 2000-2018. The two sections of the book and its 17 chapters all acknowledge and begin with a brief historical and socioeconomic understanding of the relationship between a certain country or institution with China and focus on national or institutional speci- ficities in the financing relationship with China. Red alc-China and Cechimex invite all readers to inte- grate to these debates and discussions in lac and Chi- na. Institutional and individual contributions to these THE EXPORT-IMPORT BANK OF CHINA debates are most welcome. CHINA’S FINANCING IN LATIN AMERICA AND THE CARIBBEAN AND AMERICA FINANCING IN LATIN CHINA’S CHINA’S FINANCING IN LATIN AMERICA AND THE CARIBBEAN Edited by Enrique Dussel Peters CENTRO DE ESTUDIOS CHINA-MEXICO UNIVERSIDAD NACIONAL AUTONOMA DE MEXICO CHINA’S FINANCING IN LATIN AMERICA AND THE CARIBBEAN Edited by Enrique Dussel Peters UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO Enrique
    [Show full text]
  • Introducing Europe’S Top 20 TMT Dealmakers 2019
    www.TMTFinance.com Introducing Europe’s Top 20 TMT Dealmakers 2019 Europe’s telecom, media and technology (TMT) significant strategic transctions included, Deutsche sector has had another outstanding year for mergers, Telekom, Tele2, and GTT Communications from acquisitions, financings and new investments. communications, Thales from Aerospace and Informa in media. Volumes are up compared to previous years To celebrate this, TMT Finance has produced this and our network of industry leaders expect this trend Guidebook highlighting Europe’s Top 20 TMT to continue well into 2019-2020. Dealmakers for 2018-2019, which recognises key investment bankers for the region in the past year. While large strategic buyers dominated the top end, a significant increase in the number of deals To select our Top 20, we analysed TMT Finance Deal in the E1bn plus range was fuelled by private equity Data for all deals closed or announced from May 2018 firms, infrastructure funds, pension and sovereign to April 2019 in Europe. Taking into account both wealth funds. Highlights in this segment included: deal value and deal quantity of M&A, IPOs and new the Macquarie-led consortium’s public takeover of investment transactions, we ranked each investment TDC for E8.9bn; Cellnex’s stake sale to Abu Dhabi bank and selected the 20 most active firms. The list Investment Authority and GIC for E1.5bn; and Altice includes both major international banks and smaller FTTH’s acquisition by Omers, Allianz Capital Partners boutique investment advisory firms, which are and AXA for 1.8bn. becoming increasingly influential. We will be gathering the key TMT dealmakers and For each firm a key dealmaker was chosen.
    [Show full text]
  • Including League Tables of Financial Advisors
    An Acuris Company Finding the opportunities in mergers and acquisitions Global & Regional M&A Report H1 2018 Including League Tables of Financial Advisors mergermarket.com An Acuris Company Content Overview 03 Global 04 Europe 09 US 14 Latin America 19 AsiaPacific (excl. Japan) 24 Japan 29 Middle East & Africa 34 M&A and PE League Tables 39 Criteria & Contacts 74 mergermarket.com Mergermarket Global & Regional Global Overview 3 M&A Report H1 2018 Global Overview Regional M&A Comparison North America US$ 877.1bn +29.8% vs. H1 17 Inbound US$ 117.7bn -32.4% Outbound US$ 179bn -9.5% EMU US$ 161bn +0.7% Latin America US$ 45.6bn +62.3% vs. H1 17 Inbound US$ 18.4bn +38.4% 30.99% Outbound US$ 1.4bn -72.1% Ind. & Chem. US$ 21.4bn +624.5% Europe US$ 600.9bn +26.5% vs. H1 17 45.23% 0.88% Inbound US$ 284bn +38.4% 19.08% Outbound US$ 108.6bn -21.1% PMB US$ 121.9bn +127.1% 1.47% MEA US$ 28.4bn -27.7% vs. H1 17 Inbound US$ 22.7bn -36.9% Outbound US$ 18.7bn -22% EMU US$ 11.4bn +54.5% APac (ex. Japan) US$ 370bn +33.1% vs. H1 17 Inbound US$ 56.3bn +53.2% 2.35% Outbound US$ 82.9bn +52.1% Technology US$ 66.8bn +97.1% Japan US$ 17bn +17.3% vs. H1 17 Inbound US$ 1.3bn -76.7% Global M&A US$ 1.94tn +28.3% vs. H1 2017 Outbound US$ 111.4bn +229.1% Consumer US$ 4.4bn +295.9% Cross-border US$ 740.3bn +11.6% vs.
    [Show full text]
  • Preqin Special Report: Latin America Can Investor Appetite Drive Growth?
    Content Includes: Preqin Special Report: Latin America Can Investor Appetite Drive Growth? Private Equity in Latin America March 2013 We give an overview of the Latin American private equity market, including investor appetite, deals activity, fundraising trends and performance. Country Focus We examine investor preferences for country- specific Latin American investment, as well as fundraising and deals data across specific countries. Private Real Estate We assess the private real estate industry in Latin America, including historical fundraising and the outlook for the year ahead. Infrastructure We take a closer look at infrastructure in Latin America, including deals data and key fundraising trends. alternative assets. intelligent data. Preqin Special Report: Latin America, March 2013 Foreword Private equity in Latin America has grown in prominence over the last few years, with fundraising levels in 2011 reaching an all-time high, both in terms of the aggregate capital raised and the number of funds closed. Despite lower levels of fundraising in 2012, fund managers have continued to raise funds purely focused on the region, with a greater number of funds in market as of January 2013 than in January 2012. Preqin’s survey of over 40 global investors with an interest in Latin America demonstrates that investor confi dence in the region also remains strong, with a signifi cant proportion looking to make further investments in the region in the future. The outlook for buyout and growth funds looks particularly positive for 2013, with a large proportion of investors interested in Latin America targeting these fund types specifi cally in the coming year.
    [Show full text]