Market Overview

US M&A Announced Deals Surpass $1 Trillion For 2014

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The US has surpassed the $1 trillion level in Merger & Acquisition deal values for 2014 on 10,705 deals.  The threshold applies to Announced US M&A and does not include canceled deals.  The amount of Announced US M&A deal values is up 77 percent from $565 billion one year ago which was accomplished then with 9,889 deals according to Capital IQ data.  As for canceled deals, in the past 30 days those are up to a total of 37 deals valued over $313 million.  Capital IQ shows a typical US M&A deal valuation this year is 4.1x revenue and 15.9x EBITDA whereas the ones with over $1 billion (130 transactions above that level YTD) see multiples of 4.6x revenues and 15.6x EBITDA.  A majority of deals, 518 out of 738 total, have been between $100 million and $499.9 million.  

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Announced deals have taken the form of the fameous Hockey Stick

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Finally, the ten largest transactions are:

10 Largest M&A Transactions (LTM)
Date Announced Company Deal Size (in Millions of USD) Buyer
July 16, 2014 Time Warner Inc (NYSE: TWX) $96,412.41 Twenty First Century (NASDAQ: FOXA)
February 13, 2014 Time Warner Cable (NYSE: TWC) $69,240.69 Comcast Corp. (NASDAQ: CMCSA)
May 18, 2014 DIRECTV (Nasdaq: DTV) $68,895.32 AT&T (NYSE: T)
April 22, 2014 Allegran (NYSE: AGN) $63,209.67 Valeant Pharmaceuticals Int'l
June 19, 2014 Shire (Nasdaq: SHPG) $54,238.66 AbbVie (NYSE: ABBV)
June 15, 2014 Covidien (NYSE: COV) $48,056.38 Medtronic (NYSE: MDT)
April 07, 2014 Lafarge (OTC: LFRGY) $46,155.69 Holcim
July 31, 2014 T-Mobile (NYSE: TMUS) $37,661.50 Iliad SA
March 26, 2014 CITIC Limited $35,176.18 CITIC Pacific Limited
November 13, 2013 Mortgage Guarantee Operations $34,600.00 Fairholme Capital Management

Posted-In: News M&A


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