Global deal activity: an optimistic outlook?
A snapshot of 2013 deal activity would appear to confirm that a corner has been turned and that a global recovery has started to gain some real traction despite recent setbacks.
Global deal activity in the first 11 months of 2013 remained generally level, with 2012 on a year-on-year basis over the equivalent period ($1.87tn up from $1.86tn in the corresponding period). However, while the overall trend has been level with the prior year, there have been consistent quarterly increases. This indicates an upward trend, which it is hoped will continue into 2014.
Not surprisingly, deal activity has remained relatively subdued in Europe and the US, as these economies have taken longer to recover as a result of their maturity, with the highest level of growth being seen in the Middle East and Africa. That said, the levels of distressed debt and undervalued assets combined with the growing optimism in the recovery points towards an upturn in the developed European region. Cross-border deals remain significant, amounting to 35 per cent of deal activity, and is likely to remain so as the available cash chases deals…
Click on the link below to read the rest of the Gateley briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Gateley Plc
News from The Lawyer
Briefings from Gateley Plc
It would cost £3bn if the law required all of a member’s service to be reflected in the survivorship benefits of a civil partner.
Lenders, note that when seeking to enforce break cost clauses the nature of the swap, the wording and the notice arrangements will all be assessed.
Analysis from The Lawyer
Gateley bigshots see personal wealth soar on flotation, but face penalties for early exit .
Gateley is to float on the London Stock Exchange, becoming the first UK firm to list itself as a public limited company. But why would a firm would look to float, and what it could mean for the industry?