M&A MARKET UPDATE JULY 2019 U.S. MONTHLY REVIEW
Notable Trends in July 2019
Year to date, U.S. M&A deal activity has decreased on a year over year basis by 31%. The YTD completed deal count as of the end of July was 3,084 deals versus 4,495 deals in 2018. Capital invested was also down by 4.9%, going from $562.6 billion YTD in 2018 to $535.0 billion YTD in 2019. Year to date, the median deal size has increased from $44.5 million in 2018 to $81.8 million in 2019.
For the month of July, deal count was down 56.9% compared to 2018. Invested capital and median deal size both increased significantly in July, invested capital more than doubled, and median deal size grew by 27.4%. The relatively high metrics in 2019 are partly contributed to by the $43 billion acquisition of Worldpay by Fidelity National Information Services and the $37 billion acquisition of L3 Technologies by Harris.
