HEADLINES

After a period when there seemed to be a slowdown in the US M&A market, dealmaking is back.

While 2013 gave hints of a recovery, the first six months of 2014 have marked a real turning point for US M&A. Deal values have reached a five-year high, and volumes have climbed by nearly a third compared to the same period in 2013. 
There were 2,329 deals worth US$694 billion in the United States in H1 2014, a 30 percent increase in volume and a 98 percent rise in value when compared with H1 2013. 
On a quarterly level, the data is also encouraging. Values have increased quarter-on-quarter for the last three quarters, the first such instance since 2012. Indeed, the four quarters from Q3 2013 to Q2 2014 saw deal volumes break the 1,000 barrier in each time period—the first time this has happened in the last five years.
This sustained increase has been due, in part to a greater prominence of domestic deals. There were 2,026 domestic deals in H1 2014, a 35.5 percent increase on 1,495 deals in H1 2013. Both Q1 and Q2 2014 generated more than 1,000 domestic deals each, the first time a quarter has hit 1,000-plus domestic deals since Q4 2012.
”The fundamentals have been in place to support an increase in M&A and the market has expected M&A to return for a few years now. What is surprising is how fast the market has suddenly turned,” says White & Case partner Gregory Pryor.
The US M&A market roars back to life
A-1A-2A-3A-4A-5

US deal values reached a five-year high in H1 2014 Deal volumes have risen by a third in comparison with the same period last year Stable economy and backing from shareholders have been the foundations for the rise in M&A Megadeals have seen the sharpest rise with 69 such deals in Q2 2014—the highest volume of deals worth US$1 billion or more in the last five years Technology, media and telecommunications, and pharma, medical and biotech are the most active sectors