PwC's transaction services provides in-depth insights on critical M&A issues gleaned from advising many of the world's leading corporations and private equity firms.
Following the record-breaking buying spree of 2014, the first quarter of 2015 is signaling a return to the middle market with technology deal volume remaining active amid the decline of both megadeals and deal values, according to PwC’s US Technology Deals Insights Q1.
The U.S. retail and consumer (R&C) sector experienced a strong first quarter in 2015 for merger & acquisition (M&A) activity, which was driven by seven megadeals (deals with a value of over $1 billion), according to PwC’s U.S. retail and consumer deals insights first quarter 2015 report.
US IPO proceeds slowed down to levels not seen since the first quarter of 2012 when the IPO market was rebounding from the financial crisis, with 41 IPOs raising $6.2 billion, according to IPO Watch, a quarterly survey by PwC US.
The improving U.S. macro environment, record low interest rates, the stock market’s steady rise, and overall low volatility all contributed to strong U.S. capital markets in 2014.
PwC Expands New Jersey Deals Business - Feb. 5, 2015
PwC US is expanding its Deals business in New Jersey to further support local clients and their deal strategies. NJ-based PwC partner Glenn Hunzinger has been selected to lead the local team of deals practitioners.
U.S. retail and consumer (R&C) total transaction value for 2014 hit a five-year high and surpassed the $100 billion mark for the second year in a row, according to PwC’s U.S. retail and consumer deals insights 2014 Year in Review and 2015 Outlook report, released today.
Fourth quarter merger and acquisition (M&A) volume in the North American power and utilities industry increased 57 percent over the previous year’s fourth quarter volume, reaching a quarterly level not seen since 2008, according to PwC US’ quarterly deals snapshot North American Power & Utilities Deals: Q4 2014. Deal value also increased 68 percent compared to the fourth quarter of 2013, driven by corporate megadeals and a high number of renewable transactions.
A wave of corporate mega deal activity drove a significant uptick in M&A value in 2014, according to PwC US. As businesses aim to meet their growth ambitions and increase market share, PwC expects there will be more attractive opportunities for dealmakers to acquire, combine and align with strategic partners in 2015.
Q4 2014 IPO Watch press release - Dec. 9, 2014
Throughout 2014, the U.S. IPO market put in its strongest performance since 2000, as a broad range of companies took advantage of strong equity markets and an accommodative financing environment to raise capital, according to IPO Watch, a quarterly survey by PwC US.
PwC partner recognized for outstanding contributions to M&A industry and clients
Number of Deals Initiated by North American Suppliers Overtook European Suppliers for the First Time since 2008.
Q3 Included Six of the Top 10 Corporate Deals & Five of the Top 10 Private Equity Deals Year-to-Date Cross Border M&A Activity Increased as Focus Shifts to Faster-Growing International Markets.
Mergers and acquisitions (M&A) deal value in the North American power and utilities industry reached $11.1 billion during the third quarter of 2014, according to PwC US’ quarterly deals snapshot North American Power & Utilities Deals: Q3 2014.
Adjusted EBITDA most common non-GAAP measure.
Wave of Technology Spin Offs Poses Fundamental Change to Competitive Landscape.
Mergers and acquisitions (M&A) in the oil and gas industry reached the highest levels in the past decade during the third quarter of 2014.
Majority of subsectors see deal volume gains. Mega deals activity increases average deal value. Cross-border transactions moderate reflecting global uncertainty.
Global cross-sector merger and acquisition (M&A) volume increased six percent in the first half of 2014 compared to the prior year.
Q3 2014 IPO Watch press release - Oct. 6, 2014
The US IPO market continues to demonstrate significant investor interest in initial public offerings (IPOs) in the third quarter of 2014.
Software and Internet Deals Thrive while Hardware and Semiconductor Sectors Drive Increasing Deal Values.
Mergers and acquisitions (M&A) in the North American power and utilities industry increased significantly on a volume and value basis in the second quarter of 2014, both as compared to the previous quarter and year-over-year, according to PwC US’ quarterly deals snapshot North American Power & Utilities Deals: Q2 2014.
Average deal value rises substantially. Cross-border deals picking up as risk tolerance risesFinancial investors playing greater role in Industrial Products M&A activity
Mergers and acquisitions (M&A) activity in the oil and gas industry increased substantially in terms of value and volume in the second quarter of 2014 compared to both the prior quarter and the second quarter of last year, according to PwC US.
U.S. retail and consumer merger & acquisition (M&A) activity during the second quarter of 2014 was driven by eight multibillion dollar transactions, anchored by the food and beverage (including alcohol and retailing) sectors, exceeding year-over-year deal value by 104 percent and volume by 52 percent, according to PwC’s U.S. retail and consumer deals insights Q2 2014 report released today.
Transactions valued at $10 billion or more account for approximately 50 percent of deal valueBusinesses look to align core strengths with shifting global dynamics in search for growth.
The market for initial public offerings (IPOs) finished on a strong note late in the second quarter of 2014, recording the highest quarterly deal volume since the fourth quarter of 2007.
Technology deals for the first quarter of 2014 started strong, continuing the momentum of the second-half surge of 2013. Equity markets remained near record highs and IPO activity remained robust in an improving economy, according to PwC’s US Technology deals Insights Q1 2014 Update, released today. Software and Internet deals continue to dominate as cloud, mobile and data drive much of the industry focus today.
U.S. Health Services merger and acquisition (M&A) total deal value rose 152 percent to $12.3 billion during the first quarter of 2014 compared to the same period in 2013, according to Q1 2014 US health services deals insights, a quarterly analysis of M&A trends and outlook for the health services sector issued today by PwC US.
Pharmaceutical and life sciences (PLS) merger and acquisition (M&A) volume increased 53.1 percent in the first quarter of 2014, highlighting the expected increase in deal activity from the previous year, according to Pharmaceutical and Life Sciences Deals Insights Quarterly, a quarterly analysis of M&A trends and outlook for the PLS sector issued today by PwC US.
Range of deals activity includes regulated utility, power generation, and retail deals.
More Than Half of Multibillion Dollar Deals Align to Food & Beverage SectorCross Border Activity Represents 59 Percent of Total Deal Volume.
Upstream and Foreign Buyers Set Precedent for Most Deal Volume in Any First Quarter Over Past Five Years
M&A Activity Likely To Be Driven by Emerging Markets and Next-Gen Technologies on the Horizon.
Merger and acquisition (M&A) deal value in the global industrial products (IP) industry rose significantly on a year-over-year basis during the first quarter of 2014, according to PwC US. While the increase in deal value was driven by mega deals (transactions worth more than $1 billion) compared with the first quarter of 2013, the majority of deal volume was a result of dealmakers executing on smaller, local deals.
PwC completes its acquisition of Booz & Company — Apr. 3, 2014
PwC is pleased to announce today the successful completion of its combination with Booz & Company.
Q1 2014 IPO Watch press release — Apr. 2, 2014
IPOs Continue to Dominate the Capital Markets as Activity More than Doubles Compared to Q1 2013.
Today’s deals are more complex, broader in geographic scope and far more likely to go off course than ever before, requiring a sharp focus and long term commitment to the integration process to capture the full value of the deal.
An improving U.S. economic environment, record low interest rates and strong equity and debt markets drove significant activity in the U.S. capital markets in 2013, according to the inaugural 2013 Capital Markets Watch by PwC US.
With a strong finish in technology deal activity in 2013, the outlook for 2014 points towards an accelerated pace as technology M&A continues to play a critical role for companies across industries to innovate and drive growth, according to PwC’s US Technology Deals Insights 2013 Year in Review and 2014 Outlook report released today.
Merger and acquisition (M&A) deal volume and value in the global industrial products (IP) industry rose significantly on a sequential basis during the fourth quarter of 2013, according to a series of quarterly M&A reports released today by PwC US.
U.S. retail and consumer (R&C) total transaction value for 2013 surpassed $100 billion for the first time since 2008, according to PwC’s US retail and consumer deals insights 2013 Year in Review and 2014 Outlook report released today. Deals in the food and beverage sector and private equity (PE) investment in the apparel, footwear and accessories sector continued to drive activity in the R&C industry.
Pharmaceutical and life sciences (PLS) merger and acquisition (M&A) volume and value increased in the fourth quarter of 2013, finishing the year for deal activity on a high note, according to Pharmaceutical and Life Sciences Deals Insights Quarterly, a quarterly analysis of M&A trends and outlook for the PLS sector issued today by PwC.
Strong demand for initial public offerings (IPOs) continued in the fourth quarter of 2013, capping a robust year for the capital markets and setting the stage for continued growth in the new year, according to IPO Watch, a quarterly survey of IPOs listed on U.S. stock exchanges by PwC US. Total IPO volume for 2013, as of December 17, reached 237 public company debuts, easily surpassing overall volume of 146 IPOs in 2012 and representing the most active environment for newly listed companies since 2007.
U.S. retail and consumer merger & acquisition (M&A) activity during the third quarter of 2013 marked the highest amount of transactions this year, as transaction value rose 112 percent from the prior year quarter, according to PwC’s U.S. retail and consumer deals insights Q3 2013 report released today.
Technology deals accelerated in the third quarter returning to 2012 levels after a dismally slow start to the year, with deal volume and value doubling that of the previous quarter, according to PwC’s U.S. Q3 technology deals insights report released today. Private equity (PE) buyers took a more active role in technology M&A during the quarter with increased deal closures and numerous new deals announced.
The capital markets continued to demonstrate strong momentum in the third quarter of 2013 as the volume of new public listings matched the previous quarter, and exceeded the third quarter of 2012, according to IPO Watch, a quarterly survey of IPOs listed on U.S. stock exchanges by PwC US. Overall IPO volume for the first nine months of 2013 has already surpassed overall volume for all of 2012, while the high yield market saw $255 billion of issuances, exceeding 2012 issuances through three quarters.
Despite a slowdown in U.S. retail and consumer merger & acquisition activity in the second quarter of 2013, consumer sentiment and retail sales trends remain positive, along with strong corporate balance sheets and availability of private equity “dry powder,” which should help trigger M&A activity during the second half of 2013.
While closed technology transactions in the second quarter declined both sequentially and year-over-year, the increase in announced and rumored deals point to a rise in merger and acquisition (M&A) activity for the remainder of the year, according to PwC’s US Q2 technology M&A Insights report released today. Private equity (PE) buyers took a more active role in technology M&A with deals announced across the spectrum of deal size, including some of the largest transactions announced so far this year.
The fundamentals for strong M&A activity remain in place despite a slowdown in U.S. merger and acquisition (M&A) activity in the first half of 2013, according to PwC US. Buyers remain extremely active in identifying, evaluating and competing to acquire assets in the market. Dealmakers are placing a premium on...
IPO activity surged in the second quarter of 2013, as the volume of new public listings far exceeded the previous quarter, as well as the second quarter of 2012, according to IPO Watch, a quarterly survey of IPOs listed on U.S. stock exchanges by PwC US.
Technology deals drop abruptly in first quarter of 2013, says PwC US — April 30, 2013
While the first quarter of 2013 saw technology M&A drop precipitously, the foundation is potentially being laid for more robust deal activity this year as political and economic uncertainties subside, according to PwC’s US technology M&A Insights report released today.
US retail and consumer merger & acquisition (M&A) activity during the first quarter of 2013 was defined by six multibillion dollar transactions, including one of the largest consumer products deals in history, and alternative deal structures employed to achieve strategic objectives, according to PwC’s US retail and consumer deals insights Q1 2013 report released today.
Following a modest advance in the fourth quarter, merger and acquisition (M&A) in the global industrial products (IP) industry slowed during the first quarter of 2013, as companies stepped back to evaluate their growth strategies amid continued uncertainty related to the global economy, as well as potential impacts of changes to tax and budget policies in the U.S.
The acceleration of deals at the end of last year to get ahead of the fiscal cliff and the seasonality of low first quarter deal volume resulted in a decline of oil and gas merger and acquisition (M&A) activity in the first three months of 2013 compared with fourth quarter 2012.
Entertainment, media and communications (EMC) sector deal activity is expected to remain active in 2013 as market players further invest to keep up with consumer demand for more bandwidth amid increasing content consumption, according to PwC’s 2013 U.S. Deal Insights for the Entertainment, Media & Communications industries released today.
With corporate governance being one item pre-public companies rarely pay sufficient attention to, PwC US today releases two new reports to help companies that are contemplating public offerings.
Q1 IPO Watch - Analysis and trends — April 2013
A very active last two weeks of March helped close out a strong first quarter for U.S. IPOs. Total IPO proceeds raised in the U.S. in the first quarter of 2013 exceeded the first quarter of 2012, despite a decrease in the volume of IPOs, according to IPO Watch, a quarterly and annual survey of IPOs listed on U.S. stock exchanges by PwC US.
Automotive mergers and acquisitions (M&A) activity in the first half of 2012 has given way to macroeconomic pressures, resulting in passive M&A activity in 2012 overall.
Greater private equity prominence and resurgence of divestiture-driven transactions expected for 2013
Trend toward recovery should continue in 2013
Overall merger & acquisition (M&A) activity in the global industrial products (IP) industry rose modestly on a sequential basis during the fourth quarter of 2012
Increased volume of ‘mega’ deals drove deal value growthPE activity in retail approached pre-downturn levels with IPO activity on the rise.
Plans for M&A activity over the next 12 months remained consistent with 35 percent of respondents, compared to 37 percent in the third quarter of 2012. Of that number, 32 percent are looking at purchasing another business...
M&A activity in the U.S. oil and gas industry hit a ten-year high during the fourth quarter of 2012 with 75 deals, according to PwC US. A number of factors drove this activity, including...
US IPO Watch: Q4 2012 — Dec. 19, 2012
2012 IPO Volume and Proceeds Raised Exceeds 2011. Positive Returns and IPO Pipeline Fuels Cautious Optimism for 2013.
Ongoing access to capital and financing, strengthened balance sheets and divestiture activity will continue to fuel deal activity in 2013, according to PwC US. An acceleration of deals taking place during the final months of 2012 may result in a lull in activity during the first quarter; however...
More Buyers on Side-lines with Next Wave of Divestiture-driven Transactions Expected in Early 2013
IPO readiness assessment a crucial component to successful IPO execution
Technology deals shift toward consortium buyers with more aggressive pursuit of patent acquisitions
Smaller deals drive industrial products M&A dring second quarter, ... — August 09, 2012
Uncertain global outlook, eurozone crisis and chinas lowdown are primary factors Restraining overall volume of mega deals Strategic investors continue to drive majority of M&A activity Balance sheets remain healthy with ample liquidity
Alternative energy deals picking up; companies evaluate M&A to boost growth
Bruce Buchanan Joins PwC's Business Recovery Services — August 02, 2012
Veteran restructuring professional to support firm’s deals practice as Managing Director
Eurozone debt crisis: The impact on US businesses: PwC — July 30, 2012
How will the effects of the European debt crisis impact US businesses? PwC shares its views on what companies can do to manage the changes that lie ahead.
Technology industry merger and acquisition review: PwC — July 30, 2012
The continued decline in traditional mergers and acquisitions in the technology industry supports the trend of consortium-based minority investments and patent acquisitions. Deal activity will continue to be driven by divestitures and focusing on core business revenue generators.
Infrastructure deals around shale plays reaches $15.8 billion Private equity interest continues at brisk pace PE and MLPs make up 95% of conventional gas deal values
Operational spending forecasts remain healthy; R&D plans trend down Legislative/regulatory pressures cited as biggest barrier to growth Gross margins tightening and pricing power moderating
Dealmakers in Pursuit of Strategic M&A Opportunities, Says PwC — July 18, 2012
While uncertainty over the global economic environment and volatile equity markets significantly slowed U.S. deal volume earlier in the year, an uptick in activity during the end of the second quarter, in conjunction with an active pipeline, indicates the M&A market is regaining momentum,...
After Strong Start to 2012, IPO Market Sees Pullback, PwC Says — June 27, 2012
Following very healthy levels of IPO activity during the first five months of the year, the number of IPO pricings slowed in mid-May, according to PwC US. Overall, the number of U.S. IPOs in the second quarter of 2012 declined to 27, from 44 in the first quarter.
PwC's Marketmap recognizes Southeast Asia as a rising star of the global market, led by its five fastest-growing countries
Internet and software sectors continue to fuel deal activity triggered by an accelerating transition to Cloud Computing
Medical device venture funding accelerates during first quarter, while biotechnology investment slows
Uncertain outlook globally curtails overall volume of transactions Strategic investors drive deal activity as financial investors remain cautious
M&A will be strategic tool to achieve global growth in 2012
Volume of PE deals jumps 120% over Q1 2011 as firms look to take advantage of low gas prices M&A in shale plays experiences a slowdown Activity in Gulf of Mexico gradually coming back
U.S. industrial manufacturers expect continued global economic growth in 2012, with optimism regarding the prospects for the U.S. economy continuing to rise, according to the Q1 2012 Manufacturing Barometer released today by PwC US.
Slow economic growth, depressed natural gas prices, ongoing changes to environmental proposals and the regulatory process of recently announced transactions contribute to stalled deal activity in the first quarter
The challenges facing the asset management industry, including volatile markets, global regulatory reform and stakeholder demands for greater transparency, have been building for many years.
Later stage investments increase; life sciences and clean tech investing falls
Overall number of settlements decreases, while total value of settlements rises
Technology, industrial and financial services sectors lead new offerings Market volatility declines, new issuers show strong post-pricing gains
Recovery possible after debt crisis with divestiture activity expected to lead the way
PwC's Private Company Trendsetter Barometer tracks the business issues and best practices of privately held US growth businesses. It incorporates the views of 226 CEOs/CFOs:127 from companies in the product sector and 99 in the service sector, averaging $315 million in enterprise revenue/sales...
Asset Management M&A Outlook Brighter for 2012, Says PwC — February 28, 2012
After a Disappointing 2011, Outlook for Asset Management M&A Still Uncertain, but Brighter Due to Potential European Bank Divestitures, Improving Economy, Strong Interest from Potential Buyers
2011 US Oil & Gas deals highlighted by shale plays, foreign investment, and ... — February 08, 2012
Transaction value for shale plays jumps 55% in 2011 Foreign buyers contribute over $56 billion in deal value Financial sponsors’ investment in the sector grows to over $13 billion
Life Sciences venture funding jumps 21% in 2011 but quarterly performance ... — February 02, 2012
Venture capital (VC) funding in the Life Sciences sector, which includes the Biotechnology and Medical Device industries, increased 21% during 2011, according to a new PwC US report,
Industrial manufacturing and metals deals drive 2011 Industrial Products ... — February 02, 2012
Strong focus on smaller deals in 2011 Increase in divestitures and increase in local deals gain momentum Strategic investors dominate deal activity as financial investors strive for a comeback
Sector deals stall in Q4 following robust deal activity in first half 2011 Renewable deals with undisclosed value on the rise
2012 US CEO survey, global business strategies: Key findings: PwC — January 25, 2012
Our survey reveals that, despite lingering worries, US CEOs see global business fundamentals pointing to strong future growth, and they are increasingly focused on capitalizing on significant opportunities in new markets.
Abundant cash reserves and PE Investment Capital to fuel M&A Shift to digital draws greater attention to content creators Legalization of online gaming could create an untapped market for 2012
Findings underscore need for rigorous diligence process to ensure successful deal completion
Highly-anticipated fourth quarter offerings provide positive IPO news ... — December 20, 2011
A Few open windows spark Q4 US IPO activity Special Focus: PwC 2025 report forecasts China’s capital markets will continue to grow in stature across the global stage
M&A Surges, Companion Diagnostics Accelerate, and Early Detection Offers ... — December 06, 2011
Investor interest in the global in vitro diagnostics (IVD) market is expected to grow in 2012-2014 following a surge in M&A deal values, an acceleration of companion diagnostics partnerships, and the emergence of new prospects for early detection testing, according to Diagnostics 2011, PwC’s...
Growing threats trigger sharp increases in M&A in the $60 billion Global ... — December 01, 2011
Deal value increased six-fold in the last year; US accounts for over half of M&A activity; Top 10 Deals Feature only US and UK companies
Lisa Pavelka McAlister joins PwC US Capital Markets and Accounting Advisory ... — November 08, 2011
PwC continues to expand its transaction services and deal capabilities
Global cross-border transactions dominate third quarter M&A activity in the ... — November 03, 2011
U.S.-affiliated deals represent more than half of total volume and value Strategic investors lead activity, including the only mega deal
Return of mega deals, divestiture activity, and renewed financial investor ... — November 03, 2011
Asia and Oceania region continues to lead overall deal volume and value Steel transactions contribute nearly 68% of activity
Global Transportation & Logistics deal activity dips slightly in third ... — November 03, 2011
Emerging market deal activity slows Strategic acquirers drive majority of volume Deal multiples continue to remain high by historical standards
North American power and utility companies increased focus on merger ... — November 02, 2011
Smaller transactions constrain total deal value
A&D mega deal activity picks up US-affiliated transactions dominate global A&D deal landscape 2011 A&D M&A volume and value on pace for record level
Mega deals drive 28% increase in Global Engineering and Construction M&A ... — October 27, 2011
Financial investors lead mega deal activity China most active country in global domestic deals
US mega deals drive third quarter Global Chemicals M&A value to $16.7 ... — October 27, 2011
Average deal value jumps 50 percent Financial investors absent in third quarter North American targets lead activity, while china deals decrease
Foreign Buyers Contribute 76% of Total Deal Value Upstream-Related Deals Account for Over Half of All Activity Large Transactions Drive Increase in Overall Deal Size
Optimism for the U.S. and World Economy hits all-time low, according to ... — October 26, 2011
Positive Own-Company Revenues Forecasts and Strong Prospects for Continued International Sales Growth Shows Confidence by U.S. Industrial Manufacturers, Despite Uncertainty Plans for Major New Investments Continue to Rise Lack of Demand Cited as Biggest Barrier to Business Growth
PwC US IPO Watch: Despite Ongoing Volatility and Economic Challenges, Third ... — September 28, 2011
After a strong first half of 2011, initial public offering (IPO) proceeds in the third quarter of 2011 decreased from $11.9 billion in the second quarter of 2011 to $3.1 billion in the third quarter primarily attributable to high levels of market volatility and continued global macroeconomic...
Global automotive industry M&A activity shows significant increase during ... — September 13, 2011
Deals likely to gain momentum as the market stabilizes and industry participants vie for global leadership
The recovery in global metals merger and acquisition (M&A) activity, which started last year, continued with mixed results during the second quarter of 2011 with a 57 percent increase in volume of deals compared to the same period in 2010, according to Forging ahead, a quarterly analysis of M&A...
Merger and acquisition (M&A) value increased 70 percent in the industrial manufacturing sector during the second quarter of 2011, according to Assembling value, a quarterly analysis of M&A activity in the global industrial manufacturing industry by PwC US.In the second quarter of 2011, there...
Merger and acquisition (M&A) activity remained steady in the engineering and construction (E&C) industry during the second quarter of 2011. Strategic transactions, local market M&A, and non-U.S.-affiliated deals dominated the quarter’s activity, according to Engineering Growth, a quarterly...
Merger and acquisition (M&A) activity in the aerospace and defense (A&D) sector was driven by an increase in divestitures and a greater proportion of deals being announced by U.S. dealmakers in the second quarter of 2011, according to Mission Control, a quarterly analysis of M&A activity in the...
Upstream-Related Deals Account for Majority of Activity Volume and Value of Corporate Transactions Steadily Increases in First Half of 2011 Over 2010 Financial Sponsors Continue Heavy Push into Energy Sector
The recent drop in global stock markets will put significant pressure on companies pursuing or looking to complete an initial public offering (IPO) in the second half of 2011, according to PwC US.
Continued strength in merger and acquisition (M&A) activity in the North American power and utilities sector helped drive a 94 percent increase in deal value for the first six months of the year, compared to the first half of 2010.
Strategics Dominate Activity and Value Activity Strong in BRIC Countries
Transportation Infrastructure Deals Remain Attractive Deal Multiples Expand to 10-Year High Regional Domestic Local Transactions Account for Nearly 75 Percent of Deal Volume
Positive International Sales and Prospects Offset Continued Uncertainty about U.S. and Global Economies
Environmental sustainability is an important priority with private equity and corporate senior executives, according to a recent poll conducted by PwC US. The poll, conducted during PwC’s “Private Equity and Environmental Sustainability” Webcast, found that 88 percent of the 175 participants...
77 Companies Enter IPO Pipeline in Q2. Q2 IPOs See Average of 9 Percent in First-Day Price Increases Ongoing Interest from Non-US Issuers ...
PwC US Mid-Year M&A Outlook 2011* — June 8, 2011
US M&A value increases 39% driven by larger deals, according to PwC
Strategic focus shifts from ‘recovery to growth,’ according to PwC US — December 9, 2010
Recovering capital markets promoted stabilization of M&A activity in 2010; middle market activity continues to dominate; availability of attractive debt financing and cash for equity investment yields confidence for dealmakers in 2011
Strategic buyers demonstrate deal expertise in opportunistic plays
Strategic deals and “mergers of productivity” to drive M&A in 2010 — December 16, 2009
Difficulties accessing capital ease while middle market challenges accelerate
PricewaterhouseCoopers Outlook — December 22, 2008
2009 M&A activity to be fueled by 'merger of necessity'
Inbound M&A activity recovering and getting stronger
The first quarter maintained the momentum seen over the past several years, albeit a decline from the peaks witnessed at the end of 2014. With a clear return toward the middle market, deal volumes were prominent but megadeals were scarce, resulting in a noticeable decline in total value.
Economic uncertainty, heightened global competition, evolving government regulation, and rapid technological changes can prove challenging for many companies. In many cases, decisive actions in implementing financial and operational restructurings may successfully turn around a company in distress.
The year is off to a rapid start with deal volume and disclosed value up 19% and 92%, respectively, in Q1 2015 compared to the first quarter of 2014. The most notable sectors were Managed Care, Behavioral Health and Rehabilitation, Physician Practice, and Private Equity while Home Health, Hospitals, and Labs, MRI, & Dialysis lagged behind.
The pharmaceutical and life sciences (PLS) industry saw an astronomical increase in deal value, as compared to previous quarters and the entire year of 2014. In Q1, there were 35 deals completed, representing deal value of $166.3 billion, a value higher than 2014 total deals alone. In our market spotlight, we take a look at Japan, a country that is facing dynamic changes in the marketplace as medical costs are becoming an increasing focus of the Japanese Government. Additionally, as there are transformational shifts within the PLS and healthcare industries, PwC shares insights on the new era of the “New Health Economy”.
The European high-yield debt market has seen tremendous growth since the 2008 financial crisis. Prior to 2008, most European issuers with non-investment grade credit ratings obtained financing privately from banks rather than issue debt on public markets. That pattern has changed dramatically, however. More stringent capital requirements under Basel III have prompted European banks to reduce their corporate lending, forcing many lower-rated companies to borrow on public markets for the first time.
Consumer sentiment continued its upward trend in the first quarter of 2015, reaching a ten-year peak due to more favorable prospects for the domestic economy, including gains in employment and incomes, as well as declines in gas prices.
Explore new challenges facing the food industry and why winning companies are focusing on capabilities to gain a competitive advantage.
In 2014, the pace of deal activity started strong and ended stronger. After the first quarter’s 9.2% increase in deal activity from the first quarter of 2013, we noted a lull in the second and third quarters’ deal pace. However, the fourth quarter of 2014 realized a 29% jump in deal volume as compared to the fourth quarter of 2013. This jump was enough to bring 2014’s total deal activity up 16.3% overall from 2013.
With 2014 noted for a series of record-setting and transformative deals, momentum is expected to carry over into 2015 as deal-makers continue to invest in cloud, mobile and security and seek out emerging technologies such as Internet of Things (IoT).
US retail and consumer (R&C) total transaction value for 2014 hit a five-year high and surpassed the $100 billion mark for the second year in a row.
For the past decade, companies have had to contend with a series of large- scale macroeconomic disruptions, along with pressures on costs and earnings. Now, as the global economy recovers from the recession and cost and short-term earnings are not the sole focus, companies can turn their attention to the top line again.
For many companies in the retail industry—a sector of the U.S. economy already facing significant uncertainty and growing distress—the holiday shopping season is causing anxiety.
Q3 showcased strong M&A activity; particularly in the pharmaceutical industry. As companies complete deals, integration becomes a critical element of realizing deal synergies. In this publication we highlight some of the methods used to capture and maintain value from synergy opportunities in an acquisition. Additionally this quarter's report's market spotlight looks at how Mexico has established itself as an attractive environment for investment among pharmaceuticals and life sciences companies.
12 deals valued at more than $50 million came in this quarter, consistent with the 12 quarterly deals a year ago. Total deal value and average deal value increased by 141% each as compared to Q3 2013.
Each quarter we provide an analysis of global merger and acquisition activity in the chemicals, metals, industrial manufacturing, transportation & logistics, aerospace & defense and engineering & construction industries. Each edition includes a review of overall deal activity for the quarter and year-to-date and a summary of large deals.
Overview of the bankruptcy process and key financial reporting considerations in bankruptcy.
The pace of deal activity has picked up in the third quarter of 2014 with a total of 169 deals announced as compared to 143 and 138 deals in the first and second quarters, respectively.
While momentum continues apace with slightly fewer but larger deals, the third quarter experienced an unprecedented series of spin off announcements from technology titans that signal fundamental competitive shifts. Healthy valuations, built-up cash reserves and the ability to leverage equity enabled strategic buyers to lead the way, while private equity remained active on both the buy and sell side.
Signs your company might be in distress and actions it can take to turn the business around.
A steady pace in the volume of deals for the health services sectors from the first to second quarters with 143 and 138 announced deals (281 total deals), respectively. This volume is also consistent on a year to date basis with 2013 and its 289 announced deals. However, we also note that on a quarterly basis, the second quarter of 2014’s deal volume (138 deals) has declined almost 13% from the same period in 2013 (158 deals).
As anticipated in our Q1 report, M&A activity surged in the second quarter of 2014 with 62 deals announced representing almost $170 billion of total value. Turkey’s healthcare industry is poised for significant growth as a result of government initiatives and increasing urbanization. Additionally, its geographic location is an ideal hub for companies seeking to expand in the region. Insights from PwC’s 2014 Integration Survey highlighting key focus areas for executives to achieve M&A integration success
The entertainment, media and communications (EMC) deal market is still hot with 50% more mega-deals announced this quarter over last year. We cover the landscape of deals including private equity and cross-border deals, and dive deep into the myths and best practices of valuing early-stage technology companies. We recap recent deal activity in the most active sectors, including: Advertising & Marketing, Publishing and Internet.
The number of deals valued at more than $50 million came in at 13, up significantly from the 7 deals from a year ago. Total deal value increased by 179%, and the average deal value increased by 50%.
Each quarter we provide an analysis of global merger and acquisition activity in the chemicals, metals, industrial manufacturing, transportation & logistics, aerospace & defense and engineering & construction industries. Each edition includes a review of overall deal activity for the quarter and year-to-date and a summary of large deals.
Extending the positive momentum from the second half of 2013, equity markets set new highs, IPO markets reached activity levels not seen in years, VC investments harkened back to 2000 levels, and economic outlooks remained modestly optimistic across sectors. Private equity (PE) continued to play an active role in technology, though challenged by strategic buyers who are able to leverage healthy valuations and substantial amounts of cash on hand.
Eight multibillion dollar deals kept the momentum building in Q2-2014, positioning the R&C deals market to outperform last year's strong performance to date. Consumer sentiment remains tepid and core retail trade sales slightly improved through June. IPO activity surged in Q2-2014, representing the second strongest quarter the sector has seen in the last three years in terms of both number of deals and proceeds.
The volume of PLS deals closed in the first quarter of 2014 increased 53.1% to 49 deals, compared with 32 in the fourth quarter of 2013, and increased 40% from 35 deals in the first quarter of 2013. The value of PLS deals closed during the first quarter of 2014 increased 20.9% to $44.9 billion, relative to the approximately $37.2 billion in the fourth quarter of 2013. Recent trends in deal volumes point to increased M&A activity in the coming quarters.