Fri, Feb 12, 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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise