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Firm releases M&A Index

Baker McKenzie has revealed the findings of its first quarter Cross-Border M&A Index.

user iconEmma Musgrave 24 April 2017 Big Law
M&A findings
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According to the firm, Japan continues to dominate M&A deal activity in the Asia-Pacific region in the first quarter.

“Japan dominated outbound M&A activity from Asia-Pacific. Deals were spread across a number of sectors, including financial services, telecommunications and industrials; however, the largest deal came in the pharmaceutical sector, where Takeda Pharmaceutical bought US-based biotech company Ariad for US$4.9 billion,” said Steven Glanz, Australian head of M&A at Baker McKenzie.

Despite political turbulence and economic uncertainty becoming the “new normal”, the firm said the impact on M&A activity across the globe hasn’t been felt as strongly as originally anticipated.

“The consumer, energy and utilities, and pharmaceutical sectors all performed exceedingly well and while volatility remains in international markets, I believe M&A activity will pick up in Australia this year,” Mr Glanz said.

“When you look at cross-border deals, which is what the index is focused on, Australia was relatively busy with a number of outbound and inbound transactions. Interest in Australia's industrial sector looks to be a keen focus.”

Mr Glanz’s comments come after Baker McKenzie’s Australian practice topped the recent Thomson Reuters League Table for M&A activity, claiming the number one spot for deal value in the first quarter of this year. The firm also nabbed the second spot in number of M&A deals counted for the quarter.

Looking ahead further, Mr Glanz said there are four trends that will enable the M&A deal market to continue to thrive in 2017.

This includes disruption and technological innovation, core competencies and divestments, aftersales services and defence spending, he said.

 

Emma Musgrave

Emma Musgrave

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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