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?
Optimism amongst dealmakers for the future of European M&A has faltered somewhat since last year. The past 12 months have seen a shift in sentiment in the M&A community and the beginning of a downturn in activity with M&A value down 22% year-on-year to €652.2bnaccording toCMS' European M&A Outlook published in cooperation with Mergermarket.
European IPO markets rebounded in the second quarter from a dismal start to the year. The region saw 45 IPOs with a combined offering size of €12.69bn during the second quarter of 2019. Here are 5 trends that emerged during H1 2019.