Three quarters of the way into 2016, North American and European M&A value stands at just under $1.7 trillion. After a staggering $866 million average transaction size in 2Q, the median hit a high of $210 million in the subsequent quarter. It's clear blockbuster deals are still driving overall value, but more and more companies are commanding outsized multiples even as transaction counts decline.
PitchBook's 3Q 2016 M&A Report, sponsored by Hilco Global, delves into the drivers of sustained high prices amid declining activity. Drawing from rich M&A datasets, the report also includes:
- Sector spotlights on energy, IT and B2C
- A detailed Q&A with Hilco Global professionals
- Transaction multiples