After a three-year low in M&A activity in the first quarter of 2019, deal activity has picked up this quarter. Global forest, paper and packaging deal value and volume rose 174% and 39%, respectively. However, compared to YTD 2018, value and volume declined by 75% and 25%, respectively.
The lack of megadeals continues in 2019 contributing to lower deal value compared to 2018. Flexible Packaging and Miscellaneous Products was the most active category representing 81% and 53% of the value and volume this quarter, respectively.
“Despite a pick-up in activity this quarter, macroeconomic uncertainty continues to influence M&A. This is pushing investors to be more strategically selective with their M&A objectives.”
Forest, Paper and Packaging Deals Leader, PwC US
Canada Forest, Paper and Packaging Deals Leader, PwC Canada