Middle Market M&A News: August 2013
Deloitte Corporate Finance LLC
The August 2013 edition of Middle Market Merger and Acquisitions (M&A) News, produced by Deloitte Corporate Finance LLC, includes the following highlights:
- M&A activity remains steady - Despite the slight quarter-over-quarter decline in middle market M&A activity in the second quarter, on a last-twelve-month (LTM) basis the M&A market has shown some growth. According to Thomson Financial, LTM Q2 2013 value and volume were $187 billion and 7,993 deals. This is a respective increase of 0.9% and 6.8% over LTM Q2 2012.
- Private equity improves capital position despite sluggish deal activity - U.S. middle market private equity acquisition activity showed mixed results in LTM Q2 2013 with declining value but growth in deal volume. The period's value and volume were $31.6 billion and 1,507 transactions, representing a 5.2% decrease in value and 5.9% increase in volume over LTM Q2 2012, according to Thomson Financial. Through the first half of 2013 PE had already raised $73 billion, which is 66% of the total capital raised in all of 2012, according to Pitchbook.
- International investment in U.S. companies grows - International investment in U.S. companies via M&A activity has shown recent improvement with LTM Q2 2013 foreign acquirer M&A values at $37.2 billion and volume at 1,125 deals, according to Thomson Financial. This is an increase of 7.4% and 2.6% in value and volume, respectively, over Q2 2012.
To learn more, read this month's Middle Market M&A News.