Fri, Aug 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

High level of global M&A activity shows no signs of abating

Friday, June 13, 2014

amb
Andrew McGrath
Benedicte Gravrand, Opalesque Geneva for New Managers:

The M&A opportunity set has increased substantially in the past few months. In the first quarter of this year, the total value of global M&A amounted to $599bn ($344bn domestic, $255bn cross-border), up 32% from Q1-2013 and up 5.7% from Q4-2013, according to MergerMarket. April alone saw more than $250bn of transactions announced or proposed, by far the largest amount of situations seen in recent history. Momentum continues daily, and Burren Capital Advisors sees no sign of this momentum letting up.

Andrew McGrath, founder and CIO of Burren Capital Advisors, an emerging event-driven fund management firm, talks to Opalesque about the current M&A activity. He believes the current high level is here to stay - at least for a few years - as companies are finally confident enough to use their excess cash and take some risk by either freeing shelved deals or creating new ones.

Opalesque: What is driving the current high level of global corporate activity and how is your fund (the Burren Global Arbitrage Fund) navigating it?

Andrew McGrath: The investment focus is hard catalyst, global equity event driven. We primarily focus on events that have been formally announced and......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  2. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  3. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  4. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new

  5. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of