Major uptick in international acquisitions by US firms, report finds
New York, US (PRWEB) October 25, 2013
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US companies are increasingly turning to international markets M&A deals, a new report from professional services company KPMG has found.
One hundred and sixteen US firms completed 116 emerging market acquisitions over the course of the first six months of this year, representing an increase from the 110 acquisitions over the last six months of 2012 according to the semi-annual KPMG study on mergers and acquisitions.
National leader of KPMG’s US High Growth Markets practice, Mark Barnes, told Forbes: “The United States was one of only a few developed economies to have an uptick in…deals, as overall…activity was at its lowest since 2009.” The most popular geographical targets for companies based in developed economies included South and East Asia, with 88 deals and China, with 69 deals: “US companies are exhibiting higher levels of confidence domestically and we’re starting to see this translate into increased acquisition activity in emerging markets.”
In stark contrast to the red hot level of activity from US firms, emerging markets remained far more cautious about initiating M&A activity across global markets, as a result of their weaker economic baselines. The overall volume of deals plunged by 26 per cent from 228 acquisitions during the last six months of 2012 to 169 in the first half of 2013.
The fall in the number of transactions carried out by emerging markets highlights the sheer volume of activity taking place by US companies across the world stage. Phil Isom, head of KPMG Corporate Finance LLC, told Forbes: “In terms of the uptick in developed-to-high-growth market deals, US market conditions, highlighted by relatively easy access to capital, elevated cash levels on corporate balance sheets, and low interest rates, have resulted in an increased capacity for U.S. companies to do deals.”
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