Momentum Maintained on Mega Deals
Contributed by Willis Towers Watson, a Partner of M&A Leadership Council
LONDON, 25 September 2016 – European M&A activity picked up in the third quarter with the number of deals completed, on track to reach a five-year high by the end of the year according to the latest Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM). The North American market, while still accounting for almost 50% of the global total has decreased 15% since last year, in deal volume terms, on a year-to-date (YTD) basis.
The research – run in partnership with Cass Business School – looks at the share performance of companies post deal completion. This quarter acquirers continue to achieve excellent financial performance, with an unbroken run of fifteen consecutive quarters of outperformance, which saw deal-makers returning a market outperformance of 5.2 percentage points (pp) above index , although a slight drop compared to 5.8pp in the prior quarter.
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