2015 MA Outlook Survey Report - KPMG（2015年并购前景调查报告u2014u2014毕马威）.pdfVIP

2015 MA Outlook Survey Report The Boom is Back: MA Reemerges as Leading Growth Strategy Foreword Acquisition momentum is building MA in the U.S. has finally reached pre- Anticipating that economic and market conditions will recession levels. Deal value in the first three quarters of 2014 reached almost remain positive in the U.S., an impressive 82 percent $1 trillion. The 5,843 deals announced during the period are among the highest of respondents said they were planning at least one on record and represent a seven percent acquisition in 2015; 19 percent planned to make two increase in volume and a 33 percent 1 acquisitions; 11 percent planned three acquisitions and increase in value from 2013. The current deal environment is characterized by a ten percent planned 11 or more deals for the coming large number of mega-deals, including the $71 billion consolidation by Kinder year. Respondents plan on doing multiple deals in 2015, Morgan Inc. of several related entities and reporting considerably more expected acquisitions than the $43 billion acquisition of Covidien Plc. by Medtronic Inc. It appears that deal- in previous years. makers are willing to pay a significant amount for targets that meet their Number of acquisitions Number of acquisitions Number of acquisitions strategic and growth objectives. a company completed a company completed a company is expecting in 2013 in 2014 to initiate in 2015 Despite global concerns, U.S. deal makers are encouraged by low interest rates, s 30 30