According to UN Conference on Trade and Development cross-border merger and acquisition (M&A) activity increased significantly in the first half of 2015. The value of cross-border M&A purchases rose to 441 billion dollars, a 136% increase over the same period of 2014. – Multinational enterprises from developed countries were the principal drivers of the global cross-border M&A trend. European companies, after a number of years of high divestment levels, registered a sharp rise in the value of acquisitions in 2015, the organisation said in its press release.
– Cross-border M&As carried out by multinational companies from North America continued to grow strongly (up more than 100%). Acquisitions by Canadian companies reached their highest half-year level. Tax inversions accounted for half of outbound deals by value from the United States, although they represented a small share (10%) of global cross-border M&A purchases.
According to UNCTAD the growth of cross-border M&A purchases is projected to slow in the second half of 2015, but the full year value will be well above that of 2014.