Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

M&A values stay high in Q1 in U.S.: PWC

Friday, April 26, 2019

Laxman Pai, Opalesque Asia:

Although total US deal value is down from a year ago, the amount of M&A investment in the first quarter of 2019 jumped 35% from the end of 2018, with more than $509bn in announced transactions, said a report by PWC.

The Deals activity during this period includes more megadeals - transactions of at least $5bn in value - than in each of the last two quarters, led by deals in pharmaceuticals and life sciences, media and telecommunications, and technology.

Amid these moves to boost scale, cross-sector deals are holding their appeal, accounting for almost half of Q1 deal volume. Technology, consumer markets, and media and telecom have been the most active, with companies in those industries both pursuing investments in other sectors and drawing the most interest from other sectors.

But the most significant investment is occurring within industries. The share of Q1 2019 deal value included in transactions by companies in the same sector was up significantly from 2018.

The wave of pharma megadeals meant most of that industry's total deal value was captured in major scale plays. Other industries that posted substantial deal values, such as banking, also saw that investment stay within their sectors. Outliers - where a majority of deal value was in cross-sector deals - included manufacturing and media and telecom.

Nearly one-fourth of Q1 corporate deals involved divestitures, as companies continue to reevaluate how operations and cap......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1