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. With 52 transactions in total worth 3.3 billion US dollars (USD), the figures were the lowest since they were first recorded (2004). Given the amount of negotiations under way on the market, the result is surprising.
With only 52 transactions, the Swiss M&A market values were the lowest during the first quarter of 2013 they had ever been since quarterly M&A data was first recorded (2004). A transaction volume of USD3.3 billion meant that the first quarter of 2013 also lagged well behind the previous quarters in volume terms. As well as a general feeling of caution on the market, this is also due in particular to the lack of any significant high-volume deals. Although major Swiss companies are actively involved in negotiations, they are holding back on striking deals for the moment.