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Alternative Market Briefing

US private equity firms hold approximately $2.4tn

Monday, December 30, 2019

Laxman Pai, Opalesque Asia:

Private equity firms are holding approximately $2.4 trillion, while US corporations have access to about $2.2 trillion in cash, said a study.

Non-financial companies have raised about $6 trillion in debt during the last decade, said a study by PwC on US Deals.

Average US megadeal value has increased to approximately $16 billion, up by nearly $2 billion from a year ago.

An increasingly complex landscape that influenced M&A in 2019 is likely to endure in 2020, with some factors potentially having an even greater impact on deal strategies, it said.

While overall deal value and volume were down from recent years, 2019 saw announcements for some of the largest deals of all time in industries ranging from pharma to aerospace.

Many companies also aimed to transform their businesses or acquire new capabilities through acquisitions in other industries-most notably technology, which remains a top cross-sector M&A target.

"We expect the desire to increase scale and the pursuit of tech to continue driving M&A shortly," PwC said.

For example, 40% of healthcare executives said their companies are likely to acquire, partner or collaborate across healthcare sectors in 2020, citing access to technology as a reason their companies would pursue a deal.

Another especially active area is financial technology. Of all fintech-related deals in 2019, three of the largest involved the payments processing subsector, including Fidelity N......................

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