World in transition: Four themes

We focus on four themes of change and how they are affecting companies and markets around the world.
In this way, we hope to contribute to a greater understanding of where the world is headed at a time of historic transitions.

circuit board
Insight
Supply chain woes refocus investment strategies as M&A and PE soar
Pandemic-derived supply chain issues unlock investment opportunities  
buildings
Insight
Global PE continues boom, with highest Q3 on record
After four quarters in a row of exceptionally high PE activity, Q3 2021 has continued the trend, recording the highest value and volume of any third quarter on record  
Alert
Turning to Transmission: A Critical Connection in the Energy Transition
pillar
Insight
Domestic banking champions across Europe merge, blinking into the sunlight
Financial institutions M&A sector trends: banks — H1 2021 and outlook for H2 2021
bridge
Insight
SPACs find opportunity in Israel
The SPAC phenomenon has spread to Israel, where regulators have laid the foundation for local SPAC IPOs as well  
sunset
Insight
Mining & metals 2021: Forces of transition and influencers of change
The mining & metals industry is critical to the success of the world's transition towards net zero, both in reducing its own carbon footprint and providing the materials that will deliver a cleaner and more sustainable future
Windmill
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The rise and rise of ESG-linked debt issuance
ESG-linked financing issuance swelled in 2021, with issuers responding to the rapid growth in investor demand for environmental and socially-linked debt issuance
race track
Video
The Supreme Court's NCAA Decision and Its Implications for Antitrust Law
construction
Insight
US trade: The rise of benefit corporations and stakeholder - capitalism businesses
Companies focused on broader public benefits and ESG principles face unique issues in international trade disputes.
Alert
SPACs are Not Investment Companies
office building windows
Insight
Widening variety of issuers sustains refinancing momentum
Debt markets warm to issuers from a broader range of sectors, maintaining high levels of refinancing activity  
Two vessels on the sea
Insight
FPSOs: Overcoming challenges to unlock potential
FPSOs have revolutionized deep-water oil extraction but these technically complex vessels are a fertile ground for uncertainty, spiraling costs and long delays
Winding road in the forest aerial shot
Insight
From closing loopholes to rising inflation: Five trends that will drive leveraged finance
Road next to body of water aerial shot
Insight
Downgrades, defaults, distressed debt and refinancing
Solar panels on mountains aerial shot
Insight
A more sustainable approach to debt financing
Sea wave closeup shot
Insight
Sustained SPAC surge reshaping capital structures
Led board displaying stocks closeup shot
Insight
Distressed companies open the liability toolbox to avoid full-blown bankruptcies
Wind turbine with flower field
Insight
Energy transition: How to finance the race to net-zero
nozzle
Insight
Oil & gas M&A rebounds after pandemic lows
After a year of volatility, the oil & gas industry has stabilized and M&A activity has resumed
turbine in water
Insight
Power & renewables M&A soars on back of green policies
The power and renewables industry is positioned for a sustained period of strong deal activity as the US focuses on hitting net zero carbon emissions by 2050
architecture
Insight
Infrastructure M&A forges ahead, even before government boost
After a pause, investment in infrastructure has ballooned, even before the Biden administration's US$1 trillion-plus plan is passed
high rise
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US dealmaking braces for more challenging antitrust environment
After campaigning for the presidency on a platform that included more aggressive antitrust enforcement, Joe Biden has taken early steps to honor those pledges
cash
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CFIUS set to continue careful scrutiny under Biden Administration
President Joe Biden's approach to the national security risks posed by foreign-backed M&A may differ in style from his predecessor, but not in substance
language
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SEC to take tougher line on enforcement
New Securities and Exchange Commission Chair Gary Gensler has put scrutiny of SPACs and private funds at the top of his agenda
New heights: US M&A H1 2021
Insight
New heights: US M&A H1 2021
US M&A set a new record for value in H1 2021—and nearly surpassed the full-year figure for 2020
Alert
Technology Industry Should Watch Closely as the Executive Branch and Lawmakers Set Their Sights on Antitrust
Stock Market
Insight
Surging M&A megadeals top records in Q2
Low interest rates and high levels of liquidity are fueling transformational M&A deals  
Alert
The new EU Green Bond Regulation – Fortune Green or Fortress Green?
building
Insight
High yield issuance surges in the US, Europe and APAC
Plentiful liquidity supports a year-on-year rise in high yield bond issuance in the US, Europe and the Asia-Pacific region  
city image
Insight
How changing attitudes toward data sharing could accelerate smart city adoption
The pandemic seems to have prompted people to rethink their attitudes toward sharing personal data, particularly when it is used to manage public health and provide essential services. Can this shift serve as a catalyst for smart city adoption?
Alert
Reshaping Climate Change Law
The German Federal Constitutional Court Orders the German Legislator to Set Clear CO2 Emission Reduction Goals Beyond 2030
World in transition
Insight
Sweeping US Order on “Promoting Competition”
The new Executive Order includes 72 initiatives instructing more than a dozen federal agencies to consider adopting rules intended to enhance competition. 
buildings
Insight
Surging TMT transactions carry Q2 global M&A to record heights
A brightening macroeconomic outlook and supportive deal environment helped push second-quarter value to a new record.
construction
Insight
Transformation in the construction industry: Keeping pace with change
Three pillars are at the heart of global efforts to boost sustainability and make our built environment cleaner, greener and more socially responsible: construction, energy and technology.
Alert
More Aggressive White Collar Enforcement Expected Under the Biden Administration
Steel factory
Insight
The green edge of steel: Cutting through carbon
Steel is essential to every aspect of modern life, yet its future finds itself centre stage in the climate change debate. Can advances in green steel technologies, fuelled by innovative investments from miners and steel producers, become an age-defining development in the energy transition?
Fast forward for US offshore wind
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Fast forward for US offshore wind
Changing regulatory, project finance and transmission dynamics are fueling rapid growth in US offshore wind
Paris city image
Video
Spotlight: Navigating Energy Transition
Cylinder
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Why small modular reactors will shape the future of nuclear debate
SMRs are gaining the attention of governments and power providers across the world because of the optionality they offer. But the champions of the SMR will have to work hard to ensure its potential can be fully unlocked.
World in transition
Insight
What’s next for drug pricing in the US?
New challenges may lie ahead for the pharmaceutical industry