M&A Report 2017 Q2

As Reported By PitchBook Data, Inc.

First Half 2017 Saw A Decrease in Deal Activity, However U.S. Still Seen As Bastion of Stability Compared to Europe

Merger and acquisition deals in Europe fell sharply in the first half of 2017 while U.S. activity saw a more modest decline. Despite the decrease, the U.S. market is still seen as a bastion of stability compared to Europe. While the European Central Bank continues its program of quantitative easing, the Fed has proceeded with its long-anticipated, albeit modest rate hikes. The Fed's actions have kept financing incredibly cheap for corporate and financial sponsors, which provides ample capital for M&A deals.

U.S. M&A Activity

Protegrity Advisors

Along with the Fed's normalization, much speculation about a new infrastructure bill and corporate tax cuts fueled first-quarter M&A activity in the U.S. Since then, the likelihood of such legislation being passed by year-end has diminished, but other market dynamics should encourage plenty of U.S. consolidation in the second half of the year. Most notably, large strategic acquirers continue struggling to create the kind of organic growth that shareholders expect, so growth by acquisition becomes the next-best option. 

For more information about M&A activity within a particular sector, please contact Gregg Schor at 631.285.3172, or GSchor@ProtegrityAdvisors.com.

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“The Protegrity team masterfully navigated our acquisition by Eclipsys. Since Protegrity led the process and negotiations, our management team was allowed to focus on our own clients and not be distracted by the hour-to-hour gyrations of the deal, and we were also able to preserve a great working relationship with the buyer.”

Ann Van Slyck
Chief Executive Officer
Van Slyck & Associates