Middle Market M&A News: December 2013
Deloitte Corporate Finance LLC
The December 2013 edition of Middle Market Merger and Acquisitions (M&A) News, produced by Deloitte Corporate Finance LLC, includes the following highlights:
- M&A activity improves in third quarter - Middle market M&A activity showed signs of improvement in the third quarter with increases of 6.2% and 16.9% in deal values and volumes, respectively, over the second quarter (per Thomson Reuters).
- Private equity deal activity improves sharply - The third quarter was by far the best quarter of the year for private equity deal making with increases of 24% and 26% in deal value and volume, respectively, compared to Q2. On an LTM basis, the period's value and volume were $34.0 billion and 1,528 transactions, representing a 10.0% increase in value and 4.4% increase in volume over LTM Q3 2012, according to Thomson Reuters.
- M&A concentration in select industries increases - For YTD Q3 2013, 20% of deal value was concentrated in the real estate sector (per Thomson Reuters). This continues a steady trend of increased deal value of real estate transactions since the financial crisis. The volume of real estate deals has also grown, but at a much lower rate, indicating growth in average deal size. The technology sector, with 18% of total deal volume, has been the most active from a volume standpoint in 2013, which continues a decade long trend (per Thomson Reuters).
To learn more, read this month's Middle Market M&A News.