What top three?! What on earth am I talking about?! 'Ha, ha, ha! You're talking about music again, boss. You're talking about the top three songs.'
Ha, ha, ha! Wrong, idiot! You're wrong. I'm talking finance. This is a finance blog.
PR email -
Total Value of the Top 3 M&A Financial Advisers Deals Surpasses $555 Billion.
According to research data analyzed and published by StockApps.com, there was a 15.1% YoY decline in the number of merger and acquisition (M&A) deals in H1 2020. Globally, the number dropped to 24,698 compared to 29,096 in H1 2019. Similarly, the total deal value sank by 44.7% from $1.85 trillion to $1.02 trillion.
Oh, bad news.
However, according to Refinitive, Q3 2020 got off to a record start with at least 21 deals valued at $5 billion or more. These deals were worth a total of $256 billion.
Ah, some good news!
Here's the rest of it -
Deal Value Down by 31% in First Eight Months of 2020.
Goldman Sachs had the highest deal value during H1 2020, serving as an adviser in 113 deals worth $205.9 billion. Among these deals were 41 billion-dollar transactions, including five deals worth $10 billion or more.
As a result, it was the only firm to surpass the $200 billion mark. It outpaced the second adviser, JP Morgan, by a huge margin as the latter had $178.9 billion. In total, the top three firms by deal value accounted for almost half of the total with $555.6 billion.
Only five of the top 20 advisers had positive growth year-over-year (YoY) in H1 2020, led by Societe Generale at 3,722.91%. Evercore had the largest decline of 91.15% YoY.
In terms of deal volume, Ernst & Young took the lead with 137 deals worth $30.6 billion. Deloitte had the biggest drop of 54.81%. According to PwC, there were only three megadeals in Q2 2020 compared to 18 in Q2 2019.
In Q3 2020, August saw a remarkable performance with nine deals worth $5 billion or higher. The tech sector led the surge with 27% of all activity worldwide. However, despite the strong activity noted in Q3, global deal activity was still down by 31% between January and August 2020. The US led the drop with a 50% decline, while APAC grew 9% and Europe rose by 2%.
Okay, okay. Well, thanks, er ... whoever sent the email. 'StockApps.com, boss.' Well, I think someone sent it on their behalf.
Anyway, I appreciate it. I really don't want to go back to the old days when I had to scour the internet for news. 'Too much like hard work.' Tell me about it!
...
Anything else? Yeah. Listen! The Thing is starting to piss me off, man. Will it ever go away? And it's not really The Thing itself but all the changes to our world. All the oppressive rules, all the precautions, all the economic destruction. How am I supposed to get my music career started? And how are YOU(!), dear reader(s), supposed to get anything started because ... I know you have your dreams and visions, too. I know I haven't got a bunch of wasters reading my blog. There are things you want to do.
I suppose we need to be warriors in our own minds, you dig? Imagine you've just been drafted for some terrible war somewhere, and you've got to do a one-year tour of duty. Are you going to go into it wetting the bed every five minutes, or are you going to hold that warrior frame? ... like, uh, Sgt. Barnes in Platoon.
And, yes, yes, I know he died at the end of the film. Charlie Sheen shot him. BUT(!) ... he stayed hardcore, didn't he?
Ha!
Oh, it's just some advice. You don't have to follow it, obviously. We all have our way of dealing with bad times.
However, I'm still waiting for the good times to roll.
Laters!
