Strengthening US economy driving M&A activity at home and abroad
As expected, the trends we saw in 2014—strong corporate growth, healthy balance sheets, historically low interest rates (with little sign of significant increase over the short-term), and a strong financing market, have continued to fuel the deal market over the first half of 2015. All signals point to an aggressive year for buyers and sellers.
Earlier this week, Livingstone announced its continuing role role in a marquee cross-border transaction between Chicago-based Accenture and London-based Javelin Group. The increased strength of the dollar is driving increased deal activity overseas from US acquirers, even as export growth slows. Many of our clients are focused on cross-border deal activity to take advantage of this opportunistic currency environment.
There is no shortage of capital for those who want it. A strong market for sellers will continue, particularly in the $25M–$250M range. We believe a robust deal market will continue through the year. If you’re sitting on a growth platform, now is a good time to consider exit alternatives.