The Deloitte M&A Index Q3 2014
Rising 'animal spirits’ continue to stoke M&A activity
This is the latest M&A Index report by the UK M&A practice. M&A Index is a forward-looking indicator that forecasts future global M&A deal volumes and identifies the factors influencing conditions for deal making. Globally $1.3-1.7 trillion worth of deals have been announced and IPO markets, a strong signal for market confidence, are booming.
Key points highlighted in the Q3 2014 edition include:
• Following the sharp rebound in deal volumes in Q2, Deloitte forecasts a continued uptick for Q3 2014, bolstered by strong economic results and renewed market confidence.
• We expect global deal volumes to reach around 8,350 by the end of Q3 2014, up 9% over the same period in 2013.
• The IPO boom continues and in H1 2014 companies have raised proceeds of $103 billion which is a 20 per cent increase over the same period in 2013. However, our analysis shows IPO proceeds earmarked for investment in growth are declining, which may prompt closer investor scrutiny.
• The animal spirits are spilling over to M&A markets and we are seeing the return of hostile bids.