“In the midst of the longest M&A cycle in history, which has been undeterred by politics, trade wars and referendums, perhaps it’s not surprising that an unprecedented global pandemic would supercharge deal making in every region, in every sector and across every deal type. With the all-time full year deal making record broken in less than nine months and five consecutive quarters of more than $1 trillion in M&A activity, we have very little data to make true historical comparisons, although we do know all of the hallmarks of previous cycles – technology M&A, private equity – are driving towards new records. Coupled with a group of new SPAC buyers and incredibly friendly credit markets and strong stock prices, all ingredients for robust M&A will continue for some time. However, a more active regulatory environment in the US, rising inflation, global economic and diplomatic tensions and easing central bank intervention will all contribute to how much further this cycle has to go. Deal makers are watching closely,” comments, Matt Toole, Director, Deals Intelligence, Refinitiv
The below Refinitiv Deals Intelligence full quarter end 21Q3 reports analyze global Investment Banking, M&A, Capital Markets and Syndicated Loans activity along with a special supplemental overview of the SPAC market. Top highlights below.
Q3 2021: Investment Banking, Mergers & Acquisitions, Capital Markets, SPACs, Syndicated Loans
______________________________________________________________________________________________________
- Global Investment Banking Review (view report here)
- Global Investment Banking Fees Set First Nine Month Record; Q3 Falls 12%
- Record Fees Across Equity Capital Markets, Loans and Completed M&A
- Tech & Financials Lead As Most Sectors Register Gains
- Blackstone Group & Goldman Sachs Top Financial Sponsor Rankings
- Top 3 Banks Increase Collective Wallet Share by 2.7 Points
- M&A Financial Advisory Review
- Global M&A (view report here)
- Worldwide Deal Making Reaches US$4.4 Trillion For Record First Nine Months
- Private Equity Backed M&A Hits All-Time High; SPACs Account For 12% of Value
- All-Time Record For Tech M&A
- Emerging Markets M&A (view report here)
- Emerging Markets Deal Making Up 34% to All-Time High
- China, Brazil & India Drive 56% of Emerging Market M&A
- Mega Deals Account for 17% of Announced Emerging Markets Value
- Global M&A (view report here)
- Global Equity Capital Markets Review (view report here)
- Global ECM Activity Up 25%; Hits All-Time Nine Month Record
- Global IPO's Top $300 Billion For Record First Nine Months
- Nearly 3,500 Secondary Offerings Come To Market; All-Time Record
- Supplemental overview into the SPAC​Market for the first nine months of 2021
- Global Debt Capital Markets Review (view report here)
- Global Debt Capital Markets Activity Down 7% To US$7.8 Trillion
- Investment Grade Corporate Debt Issuance Falls 13%
- Global High Yield Debt Pushes Past $500 Billion for All-Time Record
- Global Syndicated Loans Review (view report here)
- Global Syndicated Lending Up 37% to Three-Year High
- Acquisition-Related Financing Up 65% to Two-Year High
- Real Estate, Healthcare and Tech Lead Advancing Industries
