A&O highlights global M&A recovery

M&A deals are soaring in comparison with the figures for 2013, according to an analysis by Allen & Overy.

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Deal values are 51 per cent higher in comparison with 2013 - when comparing the first nine months of both years. The level of cross-border transactions is also higher than for any time since 2007, according to the firm. Andrew Ballheimer, the practice’s global co-head of corporate, said: ‘CEO confidence is certainly back. It is apparent in the size of transactions, with 70 deals worth more than US$5 billion compared to 52 this time last year. But, more importantly, it is evident in the scope of and ambition of transactions. There have been a number of highly strategic deals which have been significant enough to transform companies and in some cases, entire sectors.’ Source: Consultant-News

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