Despite Falling 17%, Global M&A Hits Seventh Consecutive US$1 Trillion+ Quarter

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“It’s safe to say the deal making environment has changed dramatically over the last three to six months, as world conflict, volatile stock markets and economic indicators have clearly caused boardrooms to evaluate the new landscape. Despite the headlines, the fundamental drivers of deal making are still the same, with strong corporate balance sheets, historically low interest rates and the continual search for growth and expansion.  While pitching the strategic rationale for a transaction to shareholders and regulators may be more challenging, we continue to see strength in certain areas of the market, particularly in technology, private equity buyouts and mega deals. And while deal volumes have declined across nearly every major category, the first quarter of 2022 marks the seventh consecutive quarter to surpass US$1 trillion in announced deal value, a first since our records began in 1980,” comments, Matt Toole, Director, Deals Intelligence, Refinitiv

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Q4 2021 hedge fund letters, conferences and more

The below Refinitiv Deals Intelligence full quarter end 22Q1 reports analyze global Investment Banking, M&A, Capital Markets and Syndicated Loans activity along with a special supplemental overview of the SPAC market.  Top highlights below.

Global M&A Q1 2022 : Refinitiv Deals Intelligence Reviews

  • Global Investment Banking Review (view report here)
    • Global Investment Banking Fees Fall 31% to Two-Year Low
    • Capital Markets Fees Register Steep Declines; Completed M&A Fees Up 8%
    • Top Five Banks See Collective Wallet Share Fall By 3.6 Points
  • M&A Financial Advisory Review
    • Global M&A (view report here)
      • Worldwide M&A Falls 21%, Seventh Consecutive US$1 Trillion+ Quarter
      • Private Equity Backed M&A Up 18% to First Quarter Record
      • Mega Deals Up 36%; Deals Between US$1-US$5 Down 40%
    • Emerging Markets M&A (view report here)
      • Emerging Markets Deal Making Falls 31% to Two-Year Low
      • China, Brazil & India Drive 52% of Emerging Market M&A
      • Mega Deals Account for 3% of Announced Emerging Markets Value
  • Global Equity Capital Markets Review (view report here)
    • Global ECM Activity Declines 67% To Six-Year Low
    • Global IPO's Reach $40 Billion, Down 62%; US Listings Fall 95%
    • Issuers From China Account For 37% Of Global ECM
    • Supplemental overview into the SPAC​ Market for the first quarter of 2022
  • Global Debt Capital Markets Review (view report here)
    • Global Debt Capital Markets Activity Down 7% To US$2.5 Trillion
    • Investment Grade Corporate Debt Issuance Up 3%, Breaks All-Time Q1 Record
    • Global High Yield Debt Falls 72% To Six-Year Low
  • Global Syndicated Loans Review (view report here)
    • Global Syndicated Lending Down 37% to Six-Year Low
    • Acquisition-Related Financing Falls 36% to Decade Low
    • European Borrowing Reaches 20-Year Low, Down 52%
  • Municipals Public Finance Review (view report here)
    • Municipal Bond Issuance Falls 9% to Two-Year Low
    • Taxable Municipal Bonds Decline 43% From 2021 Levels
    • New Money Offerings Hit All-Time Q1 High; Refundings Fall 42%

Source: ‘Refinitiv Deals Intelligence