2016: An Explosive Year for European M&A

Man Group’s 2016 Unconventional Views video series is designed to present original thoughts and insights that challenge the consensus view. The videos feature leading executives from the firm’s four investment engines, Man AHL, Man GLG, Man FRM and Man Numeric, explaining their views on various investment themes.

In 2015, half of total global M&A activity was accounted for by the U.S. In this video, Pierre-Henri Flamand, Portfolio Manager at Man GLG, shares his outlook for M&A in Europe, a region in which the economic landscape remains decidedly troublesome, and explains why there could be a large spike in activity during 2016. According to Pierre-Henri, the European M&A cycle tends to lag that of the U.S. and, because the Euro has weakened against the dollar, non-European buyers interested in acquiring competitors may find better value in Europe than the U.S. He also argues that once there is at least one transformational deal in Europe, other large transactions are likely to follow. Despite the existing negative perception of European economies, Pierre-Henri maintains a positive outlook for European M&A in 2016.

Past performance is not indicative of future results. The value of an investment and any income derived from it can go down as well as up and investors may not get back their original amount invested. Opinions expressed are those of the author, may not be shared by all personnel of Man Group plc (‘Man’) and are subject to change without notice.

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