Cross-Border Deals Account for Lowest Share of Global M&A in 10 Years

25 Nov
Tiffany's flagship store (2019)
Tiffany’s flagship store (2019)

Global cross-border deals M&A totals US$1.0 trillion so far this year, down 29% from last year.  LVMH’s US$16.8 billion offer for Tiffany is the 2nd largest cross-border M&A deal to be announced so far this year, globally. It is the largest deal so far this year involving a US target and a European acquirer. 

Just one cross-border deal appears in this year’s top 20 deal list, the remaining nineteen are domestic deals.

Cross-Border Deals

French Cross-Border M&A Reaches 12-Year High of US$135.5b

  • Cross-border M&A involving either a French target or a French acquirer totals US$135.5 billion so far during 2019, up 20% from this time last year. Deals including the US$30.1 billion FCA /Peugeot merger and LVMH’s US$16.8 billion offer for Tiffany have pushed French cross-border M&A to the highest level since 2007. 
  • The US$30.1 billion merger of Peugeot with Fiat Chrysler is the largest deal with French involvement to be announced so far this year. It is the largest cross-border deal to be announced so far this year, globally. 

French Top Cross-border Deals YTD 2019

Tiffany & Co. (known colloquially as Tiffany or Tiffany’s) is an American luxury jewelry and specialty retailer headquartered in New York City. It sells jewelry, sterling silver, china, crystal, stationery, fragrances, water bottles, watches, personal accessories, and leather goods. The company was founded in 1837 by the jeweler Charles Lewis Tiffany and became famous in the early 20th century under the artistic direction of his son Louis Comfort Tiffany.

Cross-Border Deals Account for Lowest Share of Global M&A in 10 Years. Tiffany’s flagship store (2019) photo credit Ajay Suresh from New York, NY, USA – Tiffany and Co Flagship 5th Ave, Midtown, NYC

Tags: ,

No comments yet.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.