M&A

Alternative Investments: S&P Global Market Intelligence Survey Sees Less Deal Making in 2020

S&P Global Market Intelligence surveyed private equity dealmakers from around the world. The study found that less than half of them thought 2020 would see as much deal activity as 2019. Pessimism picked up form last year as 20% of all respondents anticipate a decline in deal-making over the next 12 months, up from 14% who felt the same last year. Latin America was the most optimistic as 67% of the managers surveyed expect activity to improve this year compares to last.

American Banking Association: M&A Expectations for 2020

The American Banking Association has released its outlook for merger and acquisition activity in the banking sector in 2020.

The ABA finds that the forces contributing to the consolidation of the industry show little to no sign of dissipating. Larger banks have an advantage as they can spread the costs of things like cybersecurity and regulatory compliance over a more extensive asset base. That gives them a significant advantage over smaller banks. The numbers bear out that theory as larger banks, in aggregate, have higher returns on assets and equity than smaller institutions.