The past two years have hit historic levels of M&A value—$2 trillion+ apiece. Yet for some time now, the volume of M&A has been faltering. Is 2017 on pace to reverse the trend?
Through March's end, the year has seen just $385 billion spread across 3,785 deals in North America and Europe, the fourth consecutive quarter to see drops in each.
Inside our 1Q 2017 M&A Report, you can find breakdowns of US and European activity, EV/EBITDA multiples and analysis of private equity's role.
Key takeaways from the report:
Deal value fell especially sharply in Europe, where investors are still facing political uncertainty
Strong stock market performance and perceived stability pushed US M&A multiples to 10.8x in 1Q
PE exits to strategic acquirers decreased substantially—secondary buyouts have become more common as industry dry powder grows