Global financial sponsors m&a Exit volume hit a 86.6 billion dollars record in first quarter of 2015, the highest quarterly volume in Dealogic‘s database, the data information provider said (download here Dealogic’s report).
Exit volume has increased year-on-year in three of the last five years, to peak at an annual high of 377.6 billions in 2014 (2013 volume was down less than 1% on 2012). In contrast, financial sponsors entry M&A volume (excluding follow-ons) totaled 40.4 billions in first quarter 2015, the lowest quarterly level in three years, down 31% from first quarter 2014 (58.4 billions)
US financial sponsors m&a Exit volume of 51.1 billions via 79 deals was up from 35.5bn in first quarter 2014, and stood at the second highest quarterly volume on record behind secondo quarter 2014 (60.7bn). The largest exit in was the proposed sale of Freescale Semiconductor to NXP Semiconductors by Blackstone, Carlyle, Permira and TPG Capital, a 16.7 billions deal announced on March 2.
As for Europe exit volume in the first quarter of 2015 reached 28.1 billion dollars, up 44% from last year in the same period and stands at the highest quarterly volume level since 2007 (39.2 billions).
Morgan Stanley led the global financial sponsors Exit advisor ranking in first quarter with 30.9 billions, followed by Credit Suisse and Goldman Sachs with 22.3 e 20.3 billions respectively.