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	<title>The Harvard Law School Forum on Corporate Governance</title>
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		<title>2017 M&#038;A Report</title>
		<link>https://corpgov.law.harvard.edu/2017/06/01/2017-ma-report/</link>
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		<pubDate>Thu, 01 Jun 2017 13:34:45 +0000</pubDate>
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		<guid isPermaLink="false">https://corpgov.law.harvard.edu/?p=91420?d=20170602165010EDT</guid>
		<description><![CDATA[Market Review and Outlook Review In 2016, the number of reported M&#38;A transactions worldwide dipped by 2%, from a record 34,838 deals in 2015 to 34,191, but still represented the second-highest annual tally since 2000. Worldwide M&#38;A deal value decreased 16%, from $3.64 trillion to $3.06 trillion—a total that was still the third-highest annual figure [&#8230;]]]></description>
				<content:encoded><![CDATA[<hgroup><em>Posted by Jay Bothwick and Hal Leibowitz, Wilmer Cutler Pickering Hale and Dorr LLP, on Thursday, June 1, 2017 </em><div style="background:#F8F8F8;padding:10px;margin-top:5px;margin-bottom:10px"><strong>Editor's Note: </strong> <a href="https://www.wilmerhale.com/Jay_Bothwick/">Jay Bothwick</a> and <a href="https://www.wilmerhale.com/hal_leibowitz/">Hal Leibowitz</a> are partners at Wilmer Cutler Pickering Hale and Dorr LLP. This post is based on a WilmerHale publication.
</div></hgroup><h2>Market Review and Outlook</h2>
<h3>Review</h3>
<p>In 2016, the number of reported M&amp;A transactions worldwide dipped by 2%, from a record 34,838 deals in 2015 to 34,191, but still represented the second-highest annual tally since 2000. Worldwide M&amp;A deal value decreased 16%, from $3.64 trillion to $3.06 trillion—a total that was still the third-highest annual figure since 2000, lagging behind only 2015’s record tally and 2007’s $3.17 trillion result.</p>
<p>The average deal size in 2016 was $89.4 million, 14% below 2015’s average of $104.5 million, and just shy of 2014’s average of $91.0 million, but 40% above the annual average of $64.0 million for the five-year period preceding 2014.</p>
<p>The number of worldwide billion-dollar transactions decreased 9%, from 540 in 2015 to 489 in 2016. Aggregate worldwide billion-dollar deal value declined 21%, from $2.68 trillion to $2.11 trillion.</p>
<p> <a href="https://corpgov.law.harvard.edu/2017/06/01/2017-ma-report/#more-91420" class="more-link"><span aria-label="Continue reading 2017 M&#038;A Report">(more&hellip;)</span></a></p>
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