Mid-Atlantic M&A Activity In 2013 Up 95 Percent From 2012

Mid-Atlantic M&A Activity In 2013 Up 95 Percent From 2012

Mergermarket has released its 2013 M&A roundup report for the Mid-Atlantic states. Take a look at the full report HERE.

A few key findings include:

Mid-Atlantic M&A activity in 2013 (US$ 340.1bn, 702 deals) was the highest deal value in Mergermarket history (since 2001), up 95.3% from 2012 (US$ 174.1bn). It was an exciting year highlighted by several mega-deals that took place in the third quarter. Q3 2013 (US$ 174.9bn) alone surpassed the deal value for all of 2012

Michael Zimmerman’s Prentice Capital had an excellent year

David MarcusPrentice Capital's Long/ Short Equity Fund was up 26% net for the fourth quarter, bringing its full-year return to 53.6% for 2020. In his fourth-quarter letter to investors, which was reviewed by ValueWalk, Michael Zimmerman said the development of COVID-19 vaccines, continued easy money and clarity in the election drove a risk-on environment. Q4 2020 Read More

As a result, the top five Mid-Atlantic deals of the year accounted for 58.8% of the region’s total deal value in 2013, which helped the Mid-Atlantic region contribute 38.1% to the total US deal value in 2013 (US$ 892.7bn), the highest contribution on record

Goldman Sachs Group Inc (NYSE:GS) (US$ 308bn, 95 deals) was once again the top Financial Advisor by both deal value and deal count. This is the firm’s second straight year atop the rankings by deal value and its third year in terms of deal count

The fewer deals in Q1 (160 worth US$ 61.5bn) and Q2 (168 worth US$ 54.8bn) commanding higher deal values than any other quarter in 2013 climaxed with Q3’s performance and arguably induced a sense of confidence in the area – Q4’s 191 deals (valued at US$ 48.9bn) was the third quarterly increase by deal count after Q1 started the year on a three year low

The Telecommunications sector (US$ 126.2bn, eight deals) was the most active with a 37.1% market share by deal value, a significant change from the mere 1.5% market share in 2012.
The highlight for the sector was Verizon Communications Inc. (NYSE:VZ)’ acquisition of a 45% stake in Verizon Wireless from Vodafone Group Plc (NASDAQ:VOD) (LON:VOD) for US$ 124.1bn taking a 98.3% market share in the sector

Despite fewer deals in 2013, the Media sector (US$ 51bn, 46 deals) more than doubled its share of Mid-Atlantic M&A to 15% from 7% in 2012. Publicis Groupe S.A. (OTCMKTS:PUBGY) (EPA:PUB)’s purchase of Omnicom Group Inc. (NYSE:OMC) for US$ 19.4bn and Comcast’s acquisition of NBCUniversal Media for US$ 16.7bn were the top deals for the sector and contributed nearly three quarters to the sector value (72.2%)

M&A Trend: Mid-Atlantic

Full report mergermarket

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