Despite the fall in deal volumes, the amount of value created by M&A in 2013 was well above the long-term average, highlight McKinsey analysts.
David Cogman of McKinsey, in his June 2014 report titled: “Global M&A: Fewer deals, better quality,” points out that in 2013, acquirers continued to improve their discipline in creating value.
Enhanced value
The McKinsey report highlights that the amount of value created by M&A in 2013 continued to be well over the long-term average, despite decline in deal volume.
Based on an analysis done by McKinsey of the market’s reaction to M&A events, the net value measured as deal value added dropped to 12% from 12.9% in 2012. However, it still remained well above the 15-year average:
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