Mergermarket, an Acuris company, releases its global M&A roundup report for the Industrials & Chemicals (I&C) Sector for 2017.
Key findings include:
- Mirroring that of other sectors’ performances in 2017, I&C failed to reach the heights it is more commonly associated with as deal value slumped 26.8% year-on-year to reach $391.9 billion generated across 3,435 deals. It was responsible for 12.4% of global M&A deal value, suffering a dip from 2016’s 16.4% all-time high. Deal count accounted for 18.6%. Of those, $196 billion was spent on 1,297 cross border deals, the third largest percentage (50.2%) of I&C deal value on Mergermarket record (since 2001), only beaten by 2016 (56.0%) and 2007 (55.3%).
- After a sluggish start to 2017, seven of the sector’s top 10 deals took place during H2 worth a combined $65.8 billion, accounting for 16.8% of total I&C deal value. Nine of the top ten deals involved either European or US-based companies. The drop compared to previous years can be attributed to a lack of $10 billion+ mega deals, with only three recorded in the last 12 months versus seven and four such deals occurring in 2016 and 2015 respectively. The year’s largest deal was Praxair and Linde’s $45.5 billion merger announced in June.
Read the entire report here.