M&A market activity
Two of the most prominent markets for M&A activity — the US and the UK — saw relatively stable announced bids volume compared with the previous quarter, both increasing by 3% q-on-q.
In a reflection of the global trend, M&A activity in both markets saw larger bids being announced. Total announced bids value increased by 39% and 19% in the UK and the US, respectively.
Announced bids volume in the Eurozone increased by 11% in Q4 2012.
In a stark reminder of the continued economic worries in the Eurozone, both France and Germany saw a significant slowdown in M&A activity in the last quarter of 2012.
In France, announced bids volume decreased by 16% q-on-q, while total announced bids value fell to less than half of that of the last quarter, down by 52% q-on-q. Displaying a similar trend, announced bids volume in Germany fell by 11% q-on-q, while the total announced bids value for the quarter fell by 44% q-on-q.
Spain bucked the trend, however, posting both an increase in volume (+22%) and value of announced bids (+108%) q-on-q. Overall, volume in the Eurozone increased by 11% in Q4 2012, although total announced bids value fell by 4%.
Year-on year change in M&A and percentage of global M&A per region – volume and value
Year-on-year change in M&A volume per region
Year-on-year change in M&A value per region
Percentage of global M&A volumes per region
Percentage of global M&A values per region×
Source: The EY M&A Tracker, compiled for EY by MARC, the M&A Research Center at Cass Business School.