North American and Asian powerhouses attract deal interest
Global Region

North American and Asian powerhouses attract deal interest

Global businesses look to increase their levels of activity across all regions – especially North America

While market uncertainty has caused a slower start to the dealmaking year than in 2015, M&A activity is set to remain very strong globally over the next three years, according to Herbert Smith Freehills’ new survey Beyond Borders.

The survey found that almost all respondents (99%) see M&A activity in North America rising in the years ahead.

More than nine out of ten (95%) respondents expect South Asia – dominated by India – to see an increase in M&A activity (56% saying significantly). And despite the slowdown in China, 84% expect to see activity in China increase over the next three years – with 60% saying the increase will be significant.

Instability in the Eurozone has pushed Western Europe down the agenda – although 76% of respondents still expect to see an increase in European M&A activity in the next three years.

In 2015, Europe was the top target territory for cross-border deals with 2,716 deals worth US$903.6bn, while North America was the second most popular target territory with 1,114 transactions worth US$468.8bn. The expected increase in M&A activity in North America over the next three years means that the region could well take top spot this year and beyond.

Contact our experts

Stephen Wilkinson
Global Head of M&A
Tel: +44 20 7466 2038

Roddy Martin
M&A Partner (UK/US)
Tel: +44 20 7466 2255

Nicola Yeomans
M&A Partner (Asia)
Tel: +65 68688007

Andrew Rich
M&A Partner (Australia)
Tel: +61 2 9225 5707

Frédéric Bouvet
M&A Partner (EMEA)
Tel: +33 1 53 57 70 76

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After a record-breaking year for M&A last year, the start of 2016 has been more uncertain with the slowdown in the Chinese economy, depressed commodity prices and falling stock markets coupled with Eurozone instability all causing uncertainty in the global economy. However, despite these uncertainties, our two separate surveys, conducted in late 2015 and updated in 2016, demonstrate that the short to medium-term outlook for M&A as a priority focus for capital allocation by corporates remains extremely robust.

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