Global merger and acquisition (M&A) activity shattered all-time records in 2021, with the value of M&A globally topping $5-trillion for the first time ever
Technology and healthcare, which typically account for the biggest share of the M&A market, led the way again in 2021London/Hong Kong — Global merger and acquisition activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fuelled frenetic levels of deal making.
Companies rushed to raise funds from stock or bond offerings, large corporates took advantage of booming equity markets to use their own stock as acquisition currency, while financial sponsors swooped on publicly listed companies. “While China cross-border activity has been modest, corporates from other Asian countries have stepped up to buy global assets. We expect to see this trend continue, especially for deals in Europe and the US,” said Raghav Maliah, Goldman Sachs’ global vice chairperson of investment banking.
“Along with technology and digital transformation, sustainability is here to stay and is a key focus for most boardrooms,” said de Vecchi.After a year of lockdowns, Wall Street’s top investment banks pushed their dealmakers to meet more clients in person to win lucrative mandates to merge companies or defend them against raids by activist investors.
The dealflow is showing no sign of slowing down as companies and investors rush to sign deals ahead of possible interest rate hikes.
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