Global trends such as clearly growing confidence in a recovery of the US economy, political and economic developments in China and the Asia-Pacific region and, last but not least, turbulent events in the eurozone have had a strong impact on M&A activities in Switzerland. In fact, considerably stronger than in other countries where M&A markets are still weaker. The local economy continues to experience stable growth rates and more companies than last year have taken advantage of the opportunity to improve their strategic positioning through M&A.
Despite a strong 4th quarter in 2012, the record transaction level of the first quarter (94 deals worth USD 59.6 billion) which included Glencore’s announced takeover of Xstrata for USD 40.2 billion could not be repeated: The 85 transactions which took place during the final quarter reached a total value of USD 14.9 billion. Compared to previous years, 2012 as a whole has still brought a clear increase, with regard to both the number of deals as well as the value of those transactions, in particular.