It took a few years for North American and European M&A to regain its footing after the financial crisis, but the overall value of the market boomed during 2014 and 2015, growing by almost $1 trillion in just those two years.
The market took a significant hit in 2016, however, with deals falling off by more than 23% year over year. But even with that decline, total M&A value stayed at the highest level we've seen. Why?
Corporations are sitting on some of the largest amounts of cash in the past decade.
Our 2016 Annual M&A Report analyzes the trends that have emerged within the market and what events are causing them. Highlights include:
Mega-deals become a driving force, including one of the largest transactions ever
Equity contributions remain high, even as deal sizes grow
Valuation-to-EBITDA ratios at highest point since financial crisis