Two months into Q2 2013, Global M&A remains sluggish. When comparing April and May 2013 with the same period in 2012, deal volume has dropped by 28 percent to 1,571 deals, while value has declined 32 percent to US$269.4bn.
The story behind these depressed values is not a new one. Access to credit remains a major hurdle for small to mid-sized businesses, while many other companies continue to sit on stockpiles of cash or focus on organic growth until economic fundamentals improve. Despite the languid climate, a handful of sectors have not seen such stark drop-offs.
North American M&A for April and May reached 424 deals worth US$107.4bn. Exits and buyouts came in at 59 and 68 totalling US$16.2bn and US$9.6bn respectively. Energy, Mining & Utilities took the largest market share by value for May at 25 percent, with 17 deals collectively worth US$16.5bn while Industrials & Chemicals took the largest market share by volume at 18.6 percent, with 41 deals worth US$1.5bn.
Leading Financial Advisers
Mergermarket, an independent and proprietary M&A data and intelligence service, released its H1 2013 league tables for financial advisers. Let’s see who is leading the American M&A Market.
- JPMorgan Chase & Co. (NYSE:JPM) is the #1 financial adviser in terms of value (US $159,998 M) for H1 2013. They moved up from #2 in H1 of 2013
- Goldman Sachs Group Inc (NYSE:GS) leads the league table in terms of volume with 71 deals. They led the board in H1 2012 as well