Page 15 - Merger And Acquisition

Covid-19 pandemic takes toll on global M&A as $1 billion deals disappear

Worldwide merger activity so far this year is down 33% from a year ago and at $762.6 billion is the lowest year-to-date amount for dealmaking since 2013, the data showed

Coronavirus spread: India Inc's merger and acquisition plans take a beating

Buyers may take advantage of the crisis and seek lower valuations

Dealmakers eye cross-border M&A recovery as mega mergers roll on

The number of M&A transactions worth more than $10 billion increased 8 per cent year-on-year to 43 this year, their highest level since 2015, according to Refinitiv

Year in review: After record 2018, M&A activity plunges to $52 bn in 2019

Merger and acquisitions seem to have become a big casualty of corporates' debt distress as India Inc learnt it hard way in 2019 that their first priority was to meet their loan repayment obligations and suitors from abroad also seemed reluctant in wooing distressed targets for any matchmaking. This has led to a mostly muted scene on India's corporate deal street this year, after a blockbuster 2018, while economic slowdown fears further came in the way for any significant merger and acquisition deals. But, experts are hopeful that the scenario might change in the new year, provided the economy rebounds from its lows. The domestic deal-making activities were also hit by weak corporate governance and a huge liquidity crunch in 2019, while the global deals were also hard to come by due to various factors including uncertainties caused by the USChina trade war, which left many investors in a wait-and-watch mode. According to leading law firm Baker McKenzie, the total M&A tally for ...

Deepening economic woes leads to 40% plunge in deal activities at $73bn

Deepening economic woes and global trade challenges have led to a near 40 per cent plunge in deal activities at USD 73 billion across 1,500 transactions this year, still making it the second-best year for deal activity after 2018. Falling numbers come amid the plunging growth numbers--September GDP clipping at an over six-year low of 4.5 per cent driven primarily down by a deep freeze in consumer spending. Many also blame frequent policy flip-flops and increasing tax scrutiny as big dampners for business. With USD 120 billion worth of deals, 2018 was the best year on record, and 2019 deal size at USD 73 billion is a clear plunge to the tune of 39.1 per cent from the record, show the data collated by PwC India. The street play was led by private equity investments which nearly retained the momentum, recording deals worth USD 36 billion as of November, stillan 11 per cent fall from USD 40 billion last year. Significantly, the largest M&A deal-- the Rs 42,000-crore or over USD 6 ...

With 72 deals worth $3.7 bn, PE investments register growth in Oct: Report

Private equity investments witnessed a robust yearly growth in October with 72 PE deals garnering around USD 3.7 billion, even as merger and acquisition activity saw a downtrend, a report said on Thursday. According to Grant Thornton's monthly PE Dealtracker, private equity/venture capital transactions reported 22 per cent and 25 per cent increase in deal volumes and values, respectively as compared to October 2018. The rise in PE deal values was largely driven by the corporate tax rate cut, which has improved both investor sentiment and confidence. Last month, the average deal size stood at USD 52 million, up from USD 28 million recorded in September 2019. "There were 72 deals aggregating to USD 3.7 billion reported in October 2019. Upbeat PE/VC activity during the month offsets the shortfall in merger and acquisition (M&A) activity," Pankaj Chopda, Director, Grant Thornton India LLP said. "The key investments were primarily to pare debt, expand markets and capitalise on ...

CreditAccess Grameen to acquire Madura Micro Finance for Rs 876 crore

The acquisition strengthens our microfinance franchise which can be leveraged to provide innovative financial services, says CAGL chairman

M&A in auto sector up 73% to $449 million in CY19 despite slowdown

Growth led by $275 million Mahindra-Ford deal, domestic volumes cross $100-million mark first time since 2017 to touch $141 million

Merger and acquisition deals drop by 45% in value terms in October

M&A activity in October 2019 witnessed a decline compared to same month last year primarily due to low activity in the domestic deal trends

Corporate India's M&A deal value slips 45% to $1.5 bn in Oct: Report

Corporate India witnessed merger and acquisition deals worth USD 1.5 billion through 28 transactions in October, registering a 45 per cent decline over the same month last year, a report said on Thursday. According to Grant Thornton's latest M&A Dealtracker, there were 28 M&A deals worth USD 1.5 billion in October this year, while in the same period last year 47 such deals were announced worth USD 2.8 billion. While the overall M&A deal value and volume in October declined as compared to the year-ago period, on a month-on-month basis, there was an increase, showing signs of improved sentiments. "This was driven by the corporate tax cut, which has improved both investor sentiment and confidence. This also resulted in the average deal size more than doubling from USD 24 million in September 2019 to USD 55 million in October 2019," the report said. The energy sector dominated October's M&A in terms of values with 64 per cent contribution to total M&A deals, driven by .

MCA may expand powers of regional directors for M&As of higher categories

Listed companies are, however, likely to be left out of the purview of regional directors along with unlisted public companies above a certain threshold

63% Indian IT decision makers see cyber security as major M&A hurdle: study

Survey covered over 2,700 respondents from US, France, United Kingdom, Germany, Australia, Singapore and India

M&A deals decline in Q1CY19, PE activity remains robust: EY India

Domestic deals saved the day for deal-makers in Q1CY19, with 158 deals accounting for an aggregate disclosed value of $7.1 billion

Healthcare sector M&A deals up 155% in FY19, valued at Rs 7,615-cr: ICRA

Fortis Healthcare, Max Healthcare acquisitions account for 83 per cent of the total value of M&A deals

M&A activities sluggish in Jan-Mar; 33% decline in deal value to $12.5 bn

This drop (in value) can be attributed to delays in execution of deals, growing complexity in deal structures and macro-economic factors

M&A deal value drops 34% to $1.24 billion in February

Leading consultancy Grant Thornton's report showed that number of M&A transactions last month rose marginally to 44 last month whereas the same was at 40 in February 2018

Never waste a good crisis

The heightened activity level in the M&A landscape during 2018 is set to spill over to 2019

India mergers and acquisitions at record high of $129 billion in 2018

The number of announced deals grew 17.2 per cent from a year ago and witnessed the busiest annual period since records began in 1980

London's Gatwick airport sold for $3.7 bn to French construction firm Vinci

With 45.7 million passengers in 2018, Gatwick will become the largest airport in Vinci's global network spanning Brazil to Sweden

Global M&A activity drops 35% to $783 bn in Q3 on US-China trade tensions

Among the third quarter's biggest announced deals was chipmaker Broadcom Inc's $18 billion acquisition of software maker CA Inc