Mergers & acquisitions
June 2015 | SPECIAL REPORT: MERGERS & ACQUISITIONS
Financier Worldwide Magazine
June 2015 Issue
In 2014, global mergers and acquisitions activity reached $3.5 trillion – the highest level attained since the financial crisis. Throughout 2015, such exceptionally strong M&A activity is expected to continue and spread beyond the realm of dealmaker favourites such as telecoms, technology, healthcare and media. A huge driver for this expectation is the slump in commodity prices, particularly oil, which has led many M&A practitioners to suggest the possibility of a return to the merger booms of the past, such as the Exxon/Mobil tie-up. While it is too early to say whether global M&A volume in 2015 will mirror that of 2014 and result in merger mania, the pieces do remain very much in place for a healthy M&A outlook.
FORUM: Valuation issues in M&A
FW moderates a discussion on valuation issues in M&A between Mike Thornton at Grant Thornton UK LLP, Yvette Austin Smith at The Brattle Group, and Gardner Dudley at Liquidity Services.
Shearman & Sterling LLP The global mergers & acquisitions marketplace has regained its strength after a steady climb out of the financial crisis, with Q1 2015 deal values of over $854bn surpassing 2007 levels. These market conditions...
Technology is transforming middle-market M&A
FOCUS Investment Banking LLC The megadeals get all the headlines, but the core of the M&A market worldwide is the middle-market. This is one of the largest financial markets in the world, yet it retains a level of level of inefficiency not...
Corporate venture capital – transforming funding of technology innovation?
CMS Corporate Venture Capital (CVC) is understood to refer to equity investment by a corporation into start-up companies, either directly or through the corporate’s own venture capital arm. Investment typically...
Making successful deals – when the deal is done, the work begins
PwC Soft M&A capabilities involve good feedback and feedforward processes, so that knowledge can be gathered and transferred effectively. This will ultimately enhance M&A governance and the quality of future acquisitions. Traditional M&A capabilities...
Enforcing a private company indemnity regime
Morris, Nichols, Arsht & Tunnell LLP Whether a private company acquisition is structured as a stock sale or a merger, the parties will often include in their deals provisions that specify when a buyer can bring claims for breach of representations. These provisions...
Cash pooling in Switzerland – impact on financings and M&A transactions
Prager Dreifuss Ltd. Cash pooling, which allows companies to combine their credit and debit positions from various accounts into one account, has become common for multinational groups in the business world of today. In Switzerland, company groups...
Argentina at a crossroads as the presidential election approaches
Marval, O’Farrell & Mairal Argentina is an extraordinary country for many reasons. Some of them we are proud of, such as being the birthplace of Pope Francis, of the world’s best current football player, and of the world’s best ever footballer (although this is not...
Ten things to know about Chinese acquirers
Pillsbury Winthrop Shaw Pittman LLP Completed Chinese cross-border M&A deals have maintained an annual aggregate value of over $40bn since 2012. Most of these deals are in the energy and power, materials and financial services industries. The top three favourite target...
Negotiating New Zealand’s overseas investment regime
Chapman Tripp New Zealand is an attractive destination currently for foreign investment – buoyed by strong demand, especially out of China, for primary production assets and a comparatively strong economy relative to the rest of the OECD...
Q&A: M&A in emerging markets – managing risk and creating value
FW moderates a discussion on M&A in emerging markets between Wael Jabsheh at Akin Gump Strauss Hauer & Feld LLP, Philip Lindop at Barclays Africa Corporate & Investment Banking, Thiago Sandim at Demarest Advogados, and Marcela Waksman Ejnisman at TozziniFreire Advogados.
CONTRIBUTORS
Akin Gump Strauss Hauer & Feld LLP
Barclays Africa Corporate & Investment Banking
Chapman Tripp
CMS
Demarest Advogados
FOCUS Investment Banking LLC
Grant Thornton UK LLP
Liquidity Services
Marval, O’Farrell & Mairal
Morris, Nichols, Arsht & Tunnell LLP
Pillsbury Winthrop Shaw Pittman LLP
Prager Dreifuss Ltd.
PwC
Shearman & Sterling LLP
The Brattle Group
TozziniFreire Advogados