US dominates Q2 global M&A as mega deals roll on

[NEW YORK] Mega deals set the pace for mergers and acquisitions globally in the second quarter of 2019, as large US companies defied trade row jitters and seized on strong equity and debt capital markets to agree on transformative combinations.

This quarter's volume would have been significantly lower were it not for US mega deals, given that total deal count globally fell to its lowest quarterly level since the 2008 financial crisis, Refinitiv data showed."The vast majority of transforming deals worth more than US$10 billion have taken place in the US.

"Every quarter that goes by without progress in combining European companies and helping them adjust to technological and geopolitical disruption means there will be pent-up supply and demand for deals down the line to achieve that adjustment," said Perella Weinberg Partners LP founding partner Paulo Pereira.

Dealmaking by private equity firms soared to US $136 billion, almost an all-time high, as cheap debt fueled leveraged buyouts.

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