Americas M&A activity totals $1.3 trillion, up 57% compared to YTD 2014 levels
Asia Pacific ECM activity totals $176.3 billion, a 57% increase compared to a year ago
US DCM hits $1.3 trillion so far in 2015, down 19% compared to last year
Financials M&A hits $214.8 billion this year, up 5% compared to year-ago levels
Energy & Power ECM totals $59.6 billion for YTD 2015, down 24% from 2014
Technology DCM up 45% compared to 2014 with $102.2 billion raised this year
Deal Making in Industrials Climbs to 8-Year High
Lockheed Martin’s $9.0 billion purchase of the Sikorsky Aircraft unit of United Technologies Corp pushed deal making in the industrials sector to $195.8 billion so far this year, an 18% increase compared to a year ago and the strongest year-to-date period for M&A in the sector since 2007. Industrial targets based in the United States account for 28% of activity in the sector followed by China (20%) and South Korea (9%). Aerospace & Defense, which accounts for just 7% of overall industrials merger activity this year, totals $13.4 billion, nearly doubling activity seen during year-to-date 2014. Goldman Sachs tops the list of 2015 industrials M&A advisors with $128.4 billion from 20 deals. Goldman Sachs and Barclays follow in second and third positions, respectively.
Healthcare Corporate Debt Shatters YTD Records
UnitedHealth Group’s $10.5 billion investment grade corporate debt offering brings the level of healthcare offerings (high yield and investment grade) to $127.7 billion during year-to-date 2015, more than double last year’s tally and breaking the YTD record set in 2009. Healthcare companies in the United States account for 93% of year-to-date issuance compared to 71% during year-to-date 2014. Pharmaceutical and healthcare provider offerings account for more than three-quarters of year-to-date issuance , up from 50% a year ago. JP Morgan leads overall corporate debt underwriting in the healthcare sector so far this year with 10.9% market share, followed by Deutsche Bank (8.8% share) and Bank of America Merrill Lynch (7.9% share).
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