Popular “Destinations” for U.S. Acquirers—A Breakdown of the Numbers

Cross Border Time Series 2016

Despite the perceived interest, the number of Asian targets sought by U.S. acquirers has been trending downward over the last 10 years, according to Bloomberg Law data.

After jumping nearly 60 percent between 2013 and 2015, U.S. companies acquired 3 percent fewer European targets in 2016.  Similarly, the number of U.K. targets was down in 2016, after trending upward from 2011-2015.

Turning to North America, U.S. companies averaged 200-300 Canadian acquisitions per year over the last decade.

Outbound Cross Border 2016

Over the past decade, acquirers announced 93,416 cross-border acquisitions for non-U.S. targets, and U.S. acquirers have accounted for 21 percent of those acquisitions.

Worldwide Acquisitions Flat in 2016

After a strong 2015, the worldwide cross-border M&A market was relatively flat in 2016, with deal count increasing only slightly (up 2.5 percent) and aggregate deal value declining slightly (down 6.4 percent).

From 2013-2015, both deal count (up 49.9 percent) and aggregate deal value (up 96.2 percent) of worldwide cross-border transactions increased significantly.

For more on the latest trends in cross-border M&A, Bloomberg Law subscribers can access the Quarterly Cross-Border M&A Update.