Global mergers and acquisitions (M&A) totalled US$881bn in 1H10, up 7.8% from 1H09, according to a new report from Mergermarket. The deal count was also up by 13.3%, at 5,026 announced deals. Despite the strong start to the year, the second quarter (2Q) only saw $US403bn worth of deals, the second lowest 2Q period in the last five years.
The largest deal announced in 2Q was CenturyLink’s agreement to acquire Qwest Communications (both US-based companies) for $US22.2bn. The largest deal so far this year remains Novartis’ 52% stake acquisition in Alcon from Nestle for $US26.3bn.
Cross-border transactions between regions made up 25.6% of global M&A by value in 1H10, the highest half-year percentage since 1H08. Emerging markets saw $US241.1bn-worth of deals announced in 1H10, up 58.8% compared to 1H09. The average EBITDA multiple across global M&A for 1H10 was 14.7x, the highest since 2008. The average premium paid was 20.4%, the lowest since 2007.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more