• Register
Return to: Home > News > Global M&A deal volumes down but transaction multiples remain robust

Global M&A deal volumes down but transaction multiples remain robust

Global deal volumes fell by 18% from 18,443 in the second half of 2018, to 15,076 in the first half of this year according to research into global M&A activity by Deloitte.

Transaction multiples remain strong, with increasing competition for quality assets, and mega-mergers driving over £50bn of UK transactions announced during July alone.

Fenton Burgin, head of UK Advisory Corporate Finance at Deloitte said: “While there has undoubtedly been a fall in deal volumes at the higher end of the market, the mid-market is holding up well, fuelled by private equity’s reported US $2trn of global ‘dry powder’. There are notable bright spots in the technology, healthcare and consumer sectors, demonstrating competitive pricing for quality assets. Corporates are focusing on key strategic assets in the context of the ‘synchronised slowdown’ and increasing uncertainty around trade tariffs and the global economy.”

Transatlantic M&A activity between the US-UK has seen a decrease of 20% by volume, but the 216 deals in H1 2019 between the US and UK still represented more than the combined total number of the deals between the US and Germany, France and Spain.

Paul Lupton, UK lead US-UK M&A corridor said: “Transatlantic deal volumes have fallen across many of the major European markets in 2019. However, there is still a strong appetite for technology assets in cross border transactions, accounting for over a quarter (28%) of US-UK deals in H1 2019. This is attributable to the asset light business models which enable greater potential for geographical expansion and scalability.”

Top Content

    Brazil: regulation and technology form basis for recovery

    Opportunities in the capital markets and the ever-growing influence of technology are expected to have a significant impact on the Brazilian accounting profession over the next 12 months, writes Paul Golden.

    read more

    Mentoring support and the opportunity to delegate

    Jon Lisby will be known to many from his former role as CEO of Kreston International. Here, he explains the background to his new venture, Global Alliance Advisory Services (GAAS), and how he aims to offer support to alliance CEOs.

    read more

    Global by name, global by nature

    Stephen Heathcote became chief executive officer of PrimeGlobal on 1 June 2019. Robin Amlôt met him to discuss the various new challenges that he has taken on, and his ambitions for the association.

    read more

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.