Recent Insights

FIG M&A Sector Trends - July 2022
Insight
Financial institutions M&A: Sector trends - July 2022
We highlight the key UK & European M&A trends in H2 2021 and H1 2022, and provide our insights into the outlook for M&A moving forward.
Stock market
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Q2 PE dealmaking fails to live up to record 2021
A host of megadeals bumped up deal value in the sector, but regulatory and economic headwinds remain  
European NPLs: Smaller deals and a slower pace
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European NPLs: Smaller deals and a slower pace
The European non-performing loan landscape looks very different in 2022, with large deals driven by urgent government regulation supplanted by small but steady opportunities.
Africa Focus: Summer 2022
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Africa Focus: Summer 2022
Sustainably powering Africa’s development
Brazil
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A bright future: Smart cities in Latin America
Smart city initiatives in Latin America have too often been overshadowed by high-profile projects in North America. But the tide is changing, and smart city projects throughout the region are gaining traction like never before.
credit cards
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Retail M&A driven by pandemic trends
Long-term consumer behavior triggered by the pandemic continues to catalyze deal activity  
scrap metal
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From trash to treasure: Green metals from recycling
The global drive towards a low-carbon circular economy and increased focus on ESG are creating many new opportunities for metal recycling projects. But is scrap the answer to the growing demand for green metals?
Tokyo
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Renewables push drives M&A in Japan’s energy sector
Ambitious decarbonization targets and high investment returns are drawing interest from both local and international buyers  
Mexico city
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ESG-linked debt markets come of age in Latin America
Despite a decline in overall bond and loan issuance in the Latin American region, ESG-linked debt issuance thrived in 2021—and looks set to continue in the months ahead  
Liquid debt markets hit the brakes on restructurings
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Global PE activity slows in Q1 following blockbuster year
Private equity dealmaking was slow to pick up the pace in Q1, yet activity remained in line with pre-pandemic levels
fine art
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Global M&A market drops to pre-pandemic levels
While global dealmaking in Q1 was down from a blockbuster 2021, there are signs deal activity could pick up later in the year
Stock Market
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Global IPOs reached new highs
Fueled by strong stock markets and the need for yield, investors poured money into IPOs in 2021, resulting in a record-breaking year
Stock Market - Global IPO
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A rollercoaster year for SPACs
After a flurry of new listings in the first quarter of 2021, SPAC IPOs slowed down considerably, but the asset class remains a viable path for companies to go public
Vindhyavasini
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European IPO activity proved strong, led by e-commerce and tech listings
While IPO activity was robust throughout Europe, the Nordic region stood out
Stock Market - Global IPO
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Latin American IPOs surged on the back of tech listings
IPOs of Latin America-based companies enjoyed a robust year in 2021, especially when it came to listings in Brazil in sectors like fintech
Metropolis
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Global IPOs: A blockbuster year
IPOs boomed in 2021, with both the number of new listings and the total proceeds raised breaking records. But dealmakers face a tougher road ahead.  
Sao Paulo
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Bonds drive Latin American debt activity
After weathering pandemic-related disruption early in 2021, Latin American loan and bond markets remained open for business, with bonds leading the way
pump jacks
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ESG pressures fuel dealmaking
Companies across the globe are turning to M&A to fulfill their ESG ambitions while investors seek the steep returns on offer
Energy projects
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Building the new: Creative solutions for procuring major energy projects
growth graph
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Private equity continues to step up as a catalyst for digitalization
Sponsors spot value in companies that support others in digitally transforming their operations
Connect cars
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At a crossroads: Europe’s auto sector borrowers face change and the effects of events in Ukraine
Vehicle sales rebounded strongly following lockdowns, but Europe’s automotive companies confront a period of significant change as governments phase out combustion engines, supply chain constraints bite and the impacts of events in Ukraine are felt  
Melbourne
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Australian M&A delivers groundbreaking year
M&A activity down under reaches unprecedented highs as decarbonization and digitalization drive the dealmaker agenda
stock market
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Backed by SPACs, IPOs hit new heights in 2021
A combination of SPACs, pent-up demand from pandemic-shocked 2020 and a wave of technology listings drove the IPO market to record highs 
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Brexit: Fresh Perspectives
The UK has left the EU but there remains a vast array of operational and legal issues for businesses to address. See below for our perspectives on the key challenges and opportunities that Brexit presents for different industries and sectors.
Coronavirus
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Coronavirus Resource Center: Managing business impact and legal risks
As the COVID-19 outbreak continues to escalate, ensuring wellbeing of employees is paramount, but it is not the only challenge. There is a vast sway of operational and legal issues that businesses must address, too.
Solar
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Global decarbonization goals drive renewables M&A
Ambitious decarbonization policies are encouraging dealmaking within the renewables industry, with the sector’s untapped potential too big to ignore  
India city image
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India M&A sets new records in 2021
Dealmaker interest from both home and abroad, along with record private equity activity, has driven India’s dealmaking activity to an all-time high  
Shanghai city image
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Loan activity climbed to boost leveraged finance issuance in the Asia-Pacific region
Real estate sector headwinds stifled high yield markets in the Asia-Pacific region, but loan issuance went from strength to strength to post double-digit gains  
Facing headwinds
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Facing headwinds
The aviation sector has endured a difficult two years amid border closures and lockdowns. In spite of persistent volatility and uncertainty, our survey finds that senior executives are cautiously optimistic about the state of global aviation financing in 2022
London city photo
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European leveraged finance: From surviving to thriving
Leveraged loan and high yield bond markets in Western and Southern Europe saw a major resurgence in the past 12 months, driven initially by refinancing, followed by almost unprecedented M&A and buyout issuance, and setting the stage for, on balance, a productive year ahead  
building
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Loan activity drives US leveraged finance to new heights while high yield bond issuance maintains lofty pace
Large double-digit gains in US loan issuance meant leveraged finance markets ended 2021 with a bang and set the stage for robust activity in 2022  
Patterns
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CLO activity skyrockets in the US
Financial stimulus and sustained investor appetite for yield have seen US CLO issuance scale record heights  
Stock board
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Buy-and-build boom sees add-on debt surge
Issuers are tapping institutional loan markets for add-on debt at a rapid pace as private equity firms turn to buy-and-build strategies to lower entry multiples and accelerate deployment  
Doha
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Islamic finance closes in on LIBOR transition
Islamic finance providers have been slow to make the transition away from LIBOR, as the replacement benchmark rates pose challenges in the context of Sharia compliance
Cairo
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Egypt M&A posts impressive rebound in 2021
Interest in high-growth industries such as TMT and financial services resulted in a string of deals—from both local and international bidders.  
London at sunset
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UK Pensions Regulator's new criminal powers are a wake-up call to companies planning corporate transactions
The UK Pensions Regulator is gaining stronger powers, which will have a significant impact on companies undertaking activities such as M&A, secured borrowing, and restructuring. Following best practice and thinking ahead have become more important than ever.
US flags
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FDI on the radar screen
Governments around the world are tightening their scrutiny of foreign direct investments  
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M&A drives issuance in busy healthcare space
Following a year of healthy activity, M&A deals in the pipeline are set to sustain leveraged finance issuance in the pharmaceutical, medical and biotech sector in the months ahead.
cylinder
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Mining & metals 2022: ESG and energy transition – the sector's biggest opportunity
Against a backdrop of record commodity prices and the pressure for miners to boost their ESG credentials, the sector is seeking to position itself as a trusted partner in fighting climate change.
sunset view
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European leveraged finance: From survive to thrive
European leveraged finance markets rebounded in the past 12 months, driven  by enthusiastic refinancing activity and a resurgent M&A marketplace, setting the  stage for a healthy year ahead