PracticeConsultingEuropeans lead way in cross-border M&As

Europeans lead way in cross-border M&As

Western European countries remain by far the most active global bidders outside their own region, according to an analysis of cross-border M&A activity by KPMG Corporate Finance.

In 2000, outward investment stood at US$320bn ($227bn in 1999) with more than $224bn flowing into North America compared with $88bn in the opposite direction. The UK and France were the top transatlantic spenders bidding $96bn and $43bn respectively.

The KPMG Corporate Finance cross-border analysis, based on figures supplied by Computasoft Research/CommScan, is the most comprehensive of its kind, representing data on cross-border mergers, acquisitions and strategic investments during the year.

“In 2000 the value of purchases of North American companies by Western European bidders was two and a half times that of the investment flow back into Europe from North America,” commented John Griffith-Jones, European head of KPMG Corporate Finance. “This shows the willingness of European corporations to invest outside their own borders partly as recognition that to be a serious global player you need to capture market share in the US.”

The mixed track record of Europeans investing in the US did little to dampen their enthusiasm for transatlantic deals with European companies closing 453 acquisitions of North American companies last year – a 20% increase on 1999.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer