M&A and Private Equity

The pharmaceutical, medical and biotech sector was number one by value, followed by technology, media and telecoms (TMT). TMT led by volume, followed by industrial and chemicals.

The need to replenish intellectual property has pushed the pharma industry to the highest-performing sector by M&A value

H1 2019 has seen deal value continue to climb in technology M&A, as digital disruption overtakes segments of the market such as fintech and Big Data

M&A activity in the retail sector fell sharply during the first half of 2019, as uncertainty and digital disruption continue to put pressure on the sector

After a standout 2018, real estate M&A has dropped significantly in the first half of 2019, but segments of the market such as logistics and hotels have remained attractive

Proposed revisions to current financial statement disclosure requirements for business acquisitions and dispositions would simplify compliance while ensuring investors get the information they need

Many of the factors that have underpinned recent M&A activity remain in place, but concerns are mounting

A rise in US mega-transactions more than made up for a drop in volume in the first half of 2019

Financial institutions M&A sector trends: fintech — H1 2019 and outlook for H2 2019

Financial institutions M&A sector trends: banks — H1 2019 and outlook for H2 2019

Financial institutions M&A sector trends: asset/wealth management — H1 2019 and outlook for H2 2019

Financial institutions M&A sector trends: payments — H1 2019 and outlook for H2 2019

Financial institutions M&A sector trends: stock exchanges/clearing houses — H1 2019 and outlook for H2 2019

Financial institutions M&A sector trends: brokers/trading service providers — H1 2019 and outlook for H2 2019

Financial institutions M&A sector trends: credit cards/consumer finance — H1 2019 and outlook for H2 2019

Financial institutions M&A sector trends: specialty finance/marketplace lending — H1 2019 and outlook for H2 2019

We highlight the key European M&A trends in the first half of 2019, and provide our insights into the outlook for M&A moving forward

Our third annual survey finds that a bullish outlook and the ascendance of domestic and Asian buyers could make 2019 a standout year.

Several of the contemplated changes may improve South Africa's business climate

Will recent regulatory developments have their desired impact on the NPL market across Europe?

2018 was a strong year for dealmaking in the US, particularly domestically, but when will the tide turn?

Despite an uncertain economic and political outlook, tech companies are still doing cross-border deals, and activity in 2018 was remarkably strong.

We highlight the key European M&A trends in the second half of 2018, and provide our insights into the outlook for M&A in 2019.

Appetite continues to grow, driven by the emergence of new financial technology and asset classes

Deals are generally approved, but a new law increases the number and types of deals reviewed

Deals are generally not blocked by the Italian government. However, in connection with the clearance process, conditions may be imposed that can have a significant impact on the investment

While few deals are challenged in Canada, national security reviews are becoming more common and complex

New amendments potentially require foreign investors to disclose information about beneficiaries, beneficial owners and controlling persons as part of pre-clearance

National security interventions have, with one exception, involved defense considerations

Proposed European foreign direct investment regulation—a first step toward harmonized European investment controls

Deals are generally not blocked in Finland

New legislation has been proposed to expand the scope of French national security reviews, especially in the technology sector, and to strengthen the powers of French authorities to impose sanctions

Federal Ministry for Economic Affairs and Energy is enforcing a stricter regime for foreign direct investment reviews

Australia requires a wide variety of investments by foreign businesses to be reviewed and approved before completion

China is attempting to implement a more structured and comprehensive system to keep a closer eye on economic deals that might have security implications

Japan’s implementation of the 2017 amendments to FEFTA must be watched closely to see whether Japan will adopt a more aggressive stance