Blog

logo Elaine Green Editor, Mergermarket

Europe 2019 M&A dented by US-China trade war; ports, airports eyed for 2020

Continued uncertainty over the US-China trade war, as well a mood of caution caused by the disruption of Europe’s Transport sector in the face of new technologies and regulations, created a hard landing in the second half of 2019, dealmakers told this news service. Still, there are pockets of optimism for 2020 as consolidation moves apace and low-cost opportunities arise for those with money to spend, they added.

logo Amy-Jo Crowley Head of TMT, EMEA, Mergermarket

Technology race supports strong M&A pipeline amid lack of megadeals

A lack of megadeals compared to the year prior caused European TMT M&A activity to decline by 36.3% in value in 2019 to EUR 108.4bn, according to Mergermarket data. Based on deal volume, however, the region hit a record high notching up a total of 1,413 TMT deals in 2019 compared to 1,338 in 2018.

Tipping Point: Shareholder Activism: Shift to bigger, healthier targets

In a conversation with host Tom Cane, Morgan, Lewis & Bockius LLP’s Keith Gottfried and Acuris’ Ed Mullane tell the story of North American shareholder activism, picking apart its evolution from a practice with a deep value approach of investing in dysfunctional, illiquid small-cap companies to one that focuses on larger, successful companies, where the activist comes in with a thesis to unlock value, often through M&A. Why has this shift taken place over the years, and where is activism heading? What kind of M&A demands are we likely to see this year?

Dealcast: Vertical farming grows up

Could tomorrow’s groceries come from a lab? Today’s vertical-farming startups aim to grow food in tightly controlled indoor stacks, solving a host of problems – blight, water wastage and a shortage of land – at once. Leading the way are such firms as the UK’s Intelligent Growth Solutions, Belgium’s Urban Crop Solutions and Italy’s Planet Farms, all of which featured in recent Mergermarket coverage of the space. Their expansion already offers an investment opportunity for venture capital and private equity, and some early pacesetters, such as Finland’s Netled, are eyeing public listings. Mergermarket’s Barbara Pianese joined us to talk about this intersection of grocery retail, tech and agriculture.