JUNE-JULY 2018 Nov-Dec 2017 - Copy | Page 12

MERGER & AQUISITION Global engineering and construction M&A deals Q3 2017 HIGHLIGHTS • Deal value for the first nine months of 2017 was $54 billion, 24% lower than the first nine months of last year. • There were 146 deals in the first nine months of 2017, a 29% decrease from last year. • The average deal size in Q3 2017 was 9% higher than the quarterly average of $365 million, indicating a preference towards larger transactions. • There were three deals greater than $1 billion in Q3 2017 with an aggregate transaction value of $8.8 billion. • Asia and Oceania remains the most active region, accounting for 52% of M&A volume this quarter. 12 • Construction Materials Manufacturing remains the most active category, accounting for 39% of M&A value this quarter. • Acquisition value continues to be driven by sector participants while volume is more evenly split between sector and financial participants. This indicates that strategic investors pay a higher premium for transactions. www.pwc.com www.ghmediabusiness.com