It is not unusual for M&A activity to decline in the lead-up to Christmas as companies assess their objectives and strategies for the year ahead.
New York, NY (PRWEB) December 03, 2013
The value of transactions targeting companies based in North America during November decreased by a third from October’s result and marked the second consecutive monthly decline.
There were 951 transactions worth a combined USD 69,502 million during the four weeks compared to USD 101,766 million the preceding month and marks the lowest result since March 2013, when USD 54,185 million was recorded.
While November lacked the mega-deals of previous months, there were still some big-ticket transactions and the two highest were both in the oil and gas sector.
Lisa Wright, Zephyr director, said: "It is not unusual for M&A activity to decline in the lead-up to Christmas as companies assess their objectives and strategies for the year ahead. Despite the overall decline in M&A value within North America, the picture in Canada is surprisingly bright and we have to hope that this impetus will transfer across into deal-making in the US in the months ahead."
The value of private equity and venture capital (PE and VC) deals targeting North American companies weakened for the third month in a row to USD 9,791 million and was also lower than the same time a year ago. While this was true of the US, Canada bucked the trend and value hit USD 2,003 million, the country’s second highest result of the last 12 months.
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Zephyr is an information solution containing M&A, IPO and venture capital deals and rumors with links to detailed financial company information. Zephyr, published by Bureau van Dijk, covers various deal types including M&A activity, IPOs, joint ventures and private equity deals. The deals on Zephyr are linked to the company financials and peer reports on BvD's product range, which includes Orbis, Amadeus and Osiris, for company valuation and benchmarking.
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