Global Overview of the Year in M&A - Squire Patton Boggs
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Transcript of Global Overview of the Year in M&A - Squire Patton Boggs
![Page 1: Global Overview of the Year in M&A - Squire Patton Boggs](https://reader036.fdocuments.in/reader036/viewer/2022062710/5598a9941a28ab96268b4650/html5/thumbnails/1.jpg)
GLOBAL OVERVIEW OF
THE YEAR IN M&A
19 November 2014
Omleen Ajimal
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GLOBAL M&A IN 2014:
THE BIG PICTURE
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RETURN OF THE JUMBO DEAL
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Highlights of the year (1)
Return of “big-ticket” M&A
Based on data sourced from Experian
MarketIQ as at 12 November 2014
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Highlights of the year (2)
The trickle-down effect
Based on data sourced from Experian
MarketIQ as at 12 November 2014
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Highlights of the year (3)
Average deal size:
• US$251m in Q3 2014
• …the highest since
US$309m in Q2 2007
Sourced from a MergerMarket Report:
Monthly M&A Insider, October 2014
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Highlights of the year (4)
The US “Corporate Inversion”
Based on source data gathered
from Bloomberg to October 2014
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Where in the world…?
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Which sectors…?
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KEY CORPORATE & COMMERCIAL
ISSUES AFFECTING M&A ACTIVITY
IN 2014
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Financing
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The buyer and seller
• Who are they?
• Corporates
• Private equity funds
• Family businesses/family offices
• Regional considerations on cross-
border deals
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Valuation and pricing issues
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Management concerns
• Due Diligence
• Risk management
• Cost optimisation
• Corporate Governance
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Intellectual Property
• Who owns what?
• Valuing IP
• Protecting IP in cross-border M&A
• The strategic role of IP in cross-border M&A
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Corporate structuring
• Types of corporate structures:
• Takeovers
• Schemes of Arrangement
• Continental European-style mergers
• Inversions and spinversions
• Partnerships and Joint-Ventures
• Regulatory considerations
• Tax considerations
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KEY TAX AND STRUCTURING
ISSUES AFFECTING M&A ACTIVITY
IN 2014
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Cross-border tax structuring
• Reducing the global tax bill
• Traps and pitfalls
• Regional approaches to tax:
• “Source” v “Residence” taxation
• “Worldwide” v “Territorial” taxation
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Cross-border tax compliance
• The Foreign Account Tax
Compliance Act!
• Base Erosion and Profit Shifting!
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Omleen Ajimal
Director of International Tax
Squire Patton Boggs