Alex Lykken June 12, 2015
With the M&A boom still in full swing (and the U.S. dollar stronger than ever), we were curious where U.S. acquirers were buying companies in Europe. The U.K., unsurprisingly, has been the biggest playground for American strategics for a long time by both counts and total value. France, Germany and the Netherlands round out the top four. America’s penchant for those four countries is so high that, in any given year, they account for more cross-border M&A activity than the rest of the continent combined.
Through June 11th, a little under $70 billion has already been spent by U.S. buyers in Europe, putting 2015 on a strong pace relative to the last few years ($149.5 billion last year and $128.2 billion in 2013):
Deal flow counts are also on a torrid pace to start the year:
Since 2012, the U.K. has been home to twice as many deals from U.S. acquirers as the next nearest country, and the 670 deals done in the timespan is more than the next three countries combined (648). Given that the U.K. economy (and particularly its middle market) recovered much more strongly than the rest of Europe’s, the numbers below aren’t surprising.
2015 should be another big year for crossborder M&A when all is said and done, as the USD is expected to stay strong in the near term. To get a more detailed look at PitchBook’s new M&A dataset, feel free to download (for free) our most recent M&A report, or get a hold of us at firstname.lastname@example.org to get an even closer look at our award-winning platform.
Featured image courtesy of Wikicommons user Steve F.