Swiss M&A market: 2014 expected to be an active year
At first glance, 2013 did not appear to be a particularly active year on the Swiss M&A market. Both the number of mergers and acquisitions as well as the value of those transactions declined significantly in comparison with 2012.
KPMG closes year with good results
In a dynamic yet extremely uncertain environment, KPMG achieved good results and boosted its net revenues by 3.3 percent to CHF 370.5 million.
Swiss M&A market: The calm before the storm?
The trend continues: Activity on the Swiss M&A market remained moderate during the third quarter of 2013, as well. Both the value and the number of transactions declined noticeably compared to the same period of the previous year.
Increasing consolidation among Swiss private banks
The major Swiss private banks have achieved considerable year-on-year growth and have performed more consistently overall. However, the situation remains critical for numerous smaller and midsized banks.
Tax-cutting trend also drawing to a close in Switzerland
The era of declining top tax rates for companies and private individuals is over, not only in OECD and EU countries but in Swiss cantons, as well. That is one of the findings presented in KPMG’s current Swiss Tax Report 2013.
Sluggish M&A market in the first quarter
After impressing last year, the Swiss M&A market has had a sluggish start to 2013. In the first quarter, both the number and volume of mergers and acquisitions fell sharply, with no major deals being struck.
Fraud: Executives cause greatest damage
In Switzerland both the number of cases as well as the total loss incurred as a result of white-collar crimes dropped slightly in 2012 compared to the previous year. A strong increase was seen, however, in the total loss caused by management staff.
KPMG result on a par with previous year
With revenues practically on a par with the previous year (CHF 429.4 million, -0.1 percent), KPMG Switzerland defied the difficult market environment and achieved a robust result.
M&A market robust despite uncertainties
In spite of the fragile economic situation, the number of mergers and acquisitions involving Swiss companies only declined slightly during the first half of 2012.
Private banks forced to focus
An international study carried out by KPMG and the University of St. Gallen shows that a high level of regulatory and cost pressure is forcing private banks to adopt new business models and clear client segmentation.
Strong M&A activity in a volatile market
KPMG’s “M&A Yearbook Edition 2012” reveals that the number of mergers and acquisitions in Switzerland during 2011 increased by 20.6% to 316 (2010: 262 deals). At the same time, the overall volume of the transactions declined by 14.9% to USD 74.5 billion.