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M&A – Quarterly Deal Performance Monitor: Q2 2018

M&A performance in freefall but deal numbers hit levels rarely seen since financial crisis

July 10, 2018

The global M&A market recorded its worst ever performance in the second quarter of 2018 since the launch of the Quarterly Deal Performance Monitor (QDPM) by Willis Towers Watson in 2008. As the overall volume of mergers and acquisitions remains on track to beat the post-crisis high of 2015, dealmakers struggled to add value and on average underperformed the Index by 6.1pp (percentage points) in the last three months.

Key findings revealed by the Willis Towers Watson global study in partnership with Cass Business School include:

  • The global M&A market recorded its worst ever performance in the second quarter of 2018 since the launch of the Quarterly Deal performance monitor in 2008.
  • While the overall volume of of transactions remains on track to beat the post crisis high of 2015 dealmakers struggled to add value and on average under performed the index by 6.1pp in the last three months.
  • UK acquirers bucked this negative worldwide trend, reporting a strong performance of 10.66pp above the index.
  • At the same time 63% of UK dealmakers spent the first half of 2018 buying overseas companies.

Download the PDF to read the full report.