M&A transactions fell 17% by value in 2016, and would have fallen further if not for the conclusion of several long-running negotiations, such as Anheuser-Busch InBev’s takeover of SAB Miller, which required regulatory clearance in the US, EU, China, Australia and South Africa. Meanwhile, IPO transactions fell by 36% as companies delayed listing amid heightened volatility in financial markets. This slowdown raises key questions for investors: When will the global economic outlook become more certain? What impact will the new US administration have on deal appetite? And if we do experience a disorderly Brexit, re-ignition of the Eurozone crisis, or more severe slowdown in the Chinese economy, how will this impact global transactions? This report, our second annual Global Transactions Forecast, seeks to answer these questions by examining the macroeconomic, financial and structural factors that underpin M&A and IPO activity. Based on calculations from Oxford Economics, we present projections for total M&A and IPO deal values and volume across 37 countries from 2017 through 2020. By providing this outlook, we aim to provide corporate leaders and investors with a better sense of the macroeconomic environment they are likely to face in the next four years so they can make more informed investment decisions.
After a flurry of megadeals in the second half of 2015 pushed global M&A deal values to the highest they’ve been since 2007, deal making slowed substantially in 2016 amid major economic and political uncertainty in several key economies.
Our report examines the macroeconomic, financial and structural factors that underpin M&A and IPO activity.
INTRODUCTION
down-arrow-orange.-v2png
Michael F. DeFranco
Koen V. Vanhaerents
Contact
top-arrow
Global M&A Outlook
Regional M&A Outlook
Sector M&A Outlook
IPO Outlook
Appendix A: Transaction Attractiveness Indicator
Appendix B: Country Forecasts
Appendix C: Methodology
M&A Transactions (US$B)
M&A Transactions (# Of Deals)
Domestic IPOs (US$M)
SUMMARY
INTRODUCTION
MACRO TRENDS
Baker-McKenzie-New-Logos
RISKS
CONCLUSION
HOME
INTERACTIVE TOOL
hamburger
HOME
MACRO TRENDS
INTERACTIVE TOOL
SUMMARY
INTRODUCTION
RISKS
CONCLUSION
FORECASTS
red-menu-arrow
red-menu-arrow
APPENDIX
FORECASTS
red-menu-arrow-v1
x-toc
APPENDIX
red-menu-arrow-v1
RETURN TO BAKERMCKENZIE.COM
white-banner-arrow-2