The latest mergermarket/Intralinks Deal Flow Indicator (Q32103 edition) suggests that a sustained recovery may be underway based on analysis of its global data on M&A deals across, which shows an 18% year-on-year increase in global early-stage M&A deals.
The improvement is a result of growing investor and corporate confidence. The report says that this is the largest YoY increase in the DFI since Q3 2012, but also the third successive quarter where YoY growth has increased. EMEA and Latin America have performed particularly strongly, gains of 35% and 21% respectively. The popular sectors are consumer, life sciences, and telecoms, media and entertainment (as shown in the graphic here).
Private equity is no longer on the decline, according to the data. Exit activity increased in Q3 2013 for the first time in several years. Secondary buyouts continued to feature among the biggest exits of the quarter. Out of the 415 private equity exits in the past quarter, 30% involved a secondary buyout. (Image source: mergermarket)