Earlier this month, Intralinks published the latest edition of
its Deal Flow Predictor report (the
Report), which tracks global, early-stage M&A
activity in order to predict M&A deal volume in the coming
According to the Report, early-stage M&A activity points to
a healthy climate for global M&A through Q4 2015. The
Report's midpoint forecast for 2015 is 14% growth
year-over-year in announced global M&A deals, with a lower
bound of 9% and an upper bound of 14%.
The fastest growing area was the Asia Pacific region, which
posted 15.8% growth in early-stage M&A activity during the
first six months of 2015 compared to the same period in 2014. China
and South Korea were bright spots in the region and are expected to
continue being significant drivers of M&A activity.
Early-stage M&A activity in North America was also solid,
growing 10% during the first six months of 2015 compared to the
same period in 2014. The Report further notes that in the first six
months of 2015, almost 50% of global deal value involved North
American targets. These recently completed mega-mergers may push
regional M&A activity higher in the coming months, as other
companies seek out deals of their own in response to industry
consolidation and a shifting competitive landscape.
Latin America was the slowest growing region, with just 0.5%
growth in early stage M&A activity during the first six months
of 2015 when compared to the same period in 2014. Though this
growth was meager, the Report observes that Q2 2015 was the first
quarter since Q4 2013 that Latin American early-stage deal activity
has increased based on a six-month period, perhaps signaling a
tentative rebound in a region that has been hampered by weakened
commodities and oil prices.
As for global M&A sentiment, the Report found that in a
survey of dealmakers, optimism amongst respondents decreased in Q2
2015 compared to the previous quarter, but remained generally
positive. 59% of respondents expect deal volume to increase over
the next six months, compared to 65% in the survey for the previous
quarter. Given increased early-stage deal activity across all
regions, the continued optimism of dealmakers appears to be
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