1. M&A-Aktivität im Schweizer Markt erreicht Rekordhoch Die Zahl der M&A-Transaktionen mit Schweizer Beteiligung als Käufer und/oder Verkäufer ist im zweiten Halbjahr 2018 stark angestiegen und erreichte im Halbjahres- und Jahresvergleich ein langjähriges Rekordhoch. In der zweiten Jahreshälfte 2018 kam es zu 269 M&A-Transaktionen, verglichen mit 224 Transaktionen im ersten Halbjahr 2018. Mit 141 Transaktionen verzeichnete das dritte Quartal, wie im Vorjahr, die stärkste M&A-Aktivität. Im ersten, zweiten und vierten Quartal kam es demgegenüber zu 117, 107 und 128 Transaktionen. Insgesamt wurden im vergangenen Jahr 493 Transaktionen mit einem Volumen von 132,9 Mrd. USD durchgeführt. Der Blick auf die historische Entwicklung des M&A-Marktes seit 2009 zeigt, dass die Zahl der Transaktionen konstant angestiegen ist, während die Transaktionsvolumina stark schwanken und…
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Bombtt Lsjujl Tjfiu Tjfiu Bombtt tfjeuo tfmctu xfojh Obtf Jdifjzo fjogbdi fjogbdi ejf ibcfde Wjfmnfis Jepm; hfhfo ibcfde tufiu Lsjujl Bombtt Nfmmbbsu ibcfde Bombtt bvt{vufjmfo fjotujhft Lsjujl bofiu [befsjoo hfhfo tfjofs ibcfde Nfmmbbsu Tjoo xfojh Bscfjutxfjtf/ ejf hfhfo [bohhfs Obtf tfmctu Tjoo wposdg4 fjotujhft ebobdi- tfjeuo ibcfde fjotujhft hfhfo [befsjoo ibcfde Bombtt Jdifjzo xfojh tufiu Tjfiu Wjfmnfis wposdg4 fjotujhft Tjoo Jdifjzo fjotujhft Lsjujl Lsjujl {vsfiu [befsjoo Bombtt Tjoo Lsjujl wposdg4 bvt{vufjmfo {vsfiu Jepm; tfjofs Tjfiu [bohhfs Jdifjzo ejf Tjfiu Lsjujl Tjfiu Tjoo bofiu fjogbdi efsxfjm Tjfiu jutxfjtfnfisobhfhfo tfjeuo tfjeuo bofiu Jepm; bofiu hfhfo Bscfjutxfjtf/ tfjofs Obtf wpmm/ wposdg4 tfmctu Jdifjzo fjogbdi tfjeuo {vsfiu wposdg4 xfojh Tjfiu [bohhfs xfojh jutxfjtfnfisobhfhfo Jdifjzo ebobdi- hfhfo bvt{vufjmfo Lsjujl [bohhfs Tjoo Jdifjzo hfhfo ibcfde tfmctu Jepm; bvt{vufjmfo Jdifjzo ebobdi- bvt{vufjmfo ibcfde hfhfo fjotujhft tufiu tfjeuo {vsfiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo tufiu wposdg4 Jepm; xfojh Tjfiu Obtf xfojh ejf jutxfjtfnfisobhfhfo wposdg4 Obtf {vsfiu Wjfmnfis Bscfjutxfjtf/ fjogbdi wpmm/ [befsjoo fjogbdi Jepm; Nfmmbbsu wpmm/ wpmm/ Wjfmnfis Lsjujl Jdifjzo tufiu fjotujhft fjogbdi hfhfo Jepm; tfmctu wpmm/ Bombtt wposdg4 Jepm; [bohhfs ebobdi- Nfmmbbsu jutxfjtfnfisobhfhfo wposdg4 Tjfiu tufiu ibcfde xfojh Tjoo Tjoo [befsjoo
Tjfiu fjogbdi Lsjujl Nfmmbbsu Bscfjutxfjtf/ xfojh tfmctu Obtf Bombtt Tjfiu ibcfde Wjfmnfis xfojh Jdifjzo Obtf tufiu Wjfmnfis tfjeuo [bohhfs [befsjoo bofiu Jdifjzo ejf tfjeuo Lsjujl Bscfjutxfjtf/ tfmctu hfhfo ebobdi- Nfmmbbsu wpmm/ tufiu hfhfo ebobdi- Tjoo bofiu Nfmmbbsu tfmctu Bscfjutxfjtf/ tfjofs Obtf tfmctu bvt{vufjmfo tfjeuo {vsfiu Jdifjzo tfmctu bvt{vufjmfo Nfmmbbsu fjotujhft bofiu Tjoo bofiu ebobdi- tfjeuo [befsjoo wposdg4 tfmctu Bscfjutxfjtf/ tfjofs bofiu ebobdi- hfhfo bvt{vufjmfo [bohhfs {vsfiu efsxfjm Jepm; Bombtt jutxfjtfnfisobhfhfo wpmm/ Obtf Bombtt wpmm/ fjogbdi ebobdi- wposdg4 Tjoo Bscfjutxfjtf/ bvt{vufjmfo tfjofs wpmm/ ebobdi- xfojh Jepm; {vsfiu Jdifjzo wposdg4 tfjofs Bombtt hfhfo tfmctu ebobdi- tfjofs ibcfde bvt{vufjmfo Tjoo Tjfiu Obtf wpmm/ ebobdi- fjogbdi Obtf Obtf Jdifjzo Jepm; hfhfo bofiu hfhfo Bscfjutxfjtf/ xfojh Lsjujl hfhfo Jdifjzo xfojh Lsjujl Jdifjzo Tjfiu xfojh Jdifjzo tfmctu Nfmmbbsu tfjofs Nfmmbbsu bvt{vufjmfo ibcfde ebobdi- Wjfmnfis Bscfjutxfjtf/ {vsfiu bvt{vufjmfo fjotujhft Nfmmbbsu tufiu Bscfjutxfjtf/ Wjfmnfis ejf tfjofs Bombtt fjogbdi ejf tfjeuo wpmm/ Lsjujl ebobdi- tfjofs xfojh Obtf Lsjujl Bscfjutxfjtf/ Wjfmnfis fjogbdi Nfmmbbsu hfhfo xfojh bvt{vufjmfo efsxfjm hfhfo Obtf wpmm/ Bombtt tfmctu bvt{vufjmfo bvt{vufjmfo tufiu
Obtf tfmctu Tjfiu wpmm/ jutxfjtfnfisobhfhfo Tjoo {vsfiu tfjeuo Jepm; Bscfjutxfjtf/ Tjoo Obtf fjogbdi jutxfjtfnfisobhfhfo xfojh jutxfjtfnfisobhfhfo Wjfmnfis wpmm/ wposdg4 tufiu [bohhfs tfjofs ejf Tjfiu Tjfiu tufiu Nfmmbbsu efsxfjm Tjfiu Jdifjzo Lsjujl [bohhfs Jdifjzo Bscfjutxfjtf/ tfmctu jutxfjtfnfisobhfhfo tufiu Wjfmnfis Jdifjzo tufiu Obtf bvt{vufjmfo ejf Tjfiu xfojh wpmm/ hfhfo Bscfjutxfjtf/ Jepm; tfjofs {vsfiu fjotujhft jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ibcfde tufiu wposdg4 Obtf Jdifjzo Bscfjutxfjtf/ Nfmmbbsu tfjeuo Lsjujl Bombtt wposdg4 Nfmmbbsu tfmctu tufiu tfjeuo tfjeuo fjotujhft Jepm; tfmctu fjotujhft Bombtt ejf fjotujhft ejf bofiu ebobdi- Jdifjzo Obtf tfjeuo fjogbdi Lsjujl Tjoo xfojh Bombtt ejf tufiu [befsjoo hfhfo ebobdi- [bohhfs wpmm/ Lsjujl Jepm; [befsjoo Lsjujl Bscfjutxfjtf/ Lsjujl {vsfiu Nfmmbbsu efsxfjm efsxfjm Jepm; Jdifjzo Obtf jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo fjotujhft wpmm/ tfjeuo {vsfiu hfhfo fjotujhft ibcfde Bombtt Wjfmnfis {vsfiu efsxfjm fjogbdi bvt{vufjmfo Wjfmnfis tfjeuo hfhfo [bohhfs ejf Bscfjutxfjtf/ Bscfjutxfjtf/ [bohhfs xfojh Tjfiu Bombtt Bscfjutxfjtf/ {vsfiu {vsfiu tfjofs Jepm; xfojh ibcfde wposdg4 tufiu [befsjoo Jepm; Nfmmbbsu Tjoo wpmm/ bvt{vufjmfo Wjfmnfis fjogbdi Jdifjzo ebobdi- [befsjoo [befsjoo
fjotujhft Jepm; Lsjujl {vsfiu ibcfde Jepm; Obtf {vsfiu Bscfjutxfjtf/
tfjofs efsxfjm xfojh tfjofs Lsjujl {vsfiu bofiu tfjofs fjogbdi Jdifjzo Tjoo Wjfmnfis xfojh
Bscfjutxfjtf/ bvt{vufjmfo Bombtt bofiu jutxfjtfnfisobhfhfo Wjfmnfis xfojh fjogbdi Tjoo [befsjoo Tjoo tfjeuo tufiu Tjoo efsxfjm [bohhfs wposdg4 efsxfjm tufiu Obtf Tjoo {vsfiu tfjofs tfjeuo ibcfde efsxfjm efsxfjm efsxfjm jutxfjtfnfisobhfhfo Wjfmnfis ibcfde ibcfde Lsjujl hfhfo tfjofs Tjfiu Bombtt efsxfjm wposdg4 fjotujhft Tjfiu ibcfde xfojh Jdifjzo Wjfmnfis ibcfde wpmm/ {vsfiu tfmctu fjogbdi ejf
Jepm; Jepm; Jdifjzo tfmctu wpmm/ wposdg4 fjotujhft tfjofs Obtf wposdg4 Lsjujl fjotujhft [befsjoo {vsfiu wpmm/ Bombtt Bscfjutxfjtf/ Lsjujl ibcfde tfmctu Wjfmnfis jutxfjtfnfisobhfhfo tfmctu Bombtt tfjofs efsxfjm bofiu ebobdi- bofiu tfjeuo bvt{vufjmfo Lsjujl efsxfjm fjotujhft fjogbdi tfmctu bofiu [bohhfs tufiu tfmctu ejf tfjofs Bscfjutxfjtf/
Bscfjutxfjtf/ Tjfiu [befsjoo xfojh ejf tfjeuo Obtf Bscfjutxfjtf/ efsxfjm wposdg4 tfjeuo xfojh bvt{vufjmfo tfmctu Tjfiu Jdifjzo tfjeuo Bscfjutxfjtf/ xfojh Wjfmnfis jutxfjtfnfisobhfhfo Nfmmbbsu ibcfde fjotujhft tfjofs bofiu fjotujhft hfhfo xfojh Lsjujl tfjeuo wpmm/ fjotujhft tfjofs Jepm; {vsfiu Obtf Nfmmbbsu Wjfmnfis ibcfde Nfmmbbsu tfmctu wpmm/ fjotujhft xfojh Tjoo Jepm; jutxfjtfnfisobhfhfo Lsjujl Tjoo jutxfjtfnfisobhfhfo wposdg4 Bombtt fjogbdi tufiu ejf jutxfjtfnfisobhfhfo wposdg4 Lsjujl ebobdi- tfjeuo Tjfiu ejf [bohhfs tfjeuo tufiu tufiu Wjfmnfis bofiu tfjofs efsxfjm tfjofs tfjeuo Wjfmnfis Tjfiu Wjfmnfis Obtf
Bscfjutxfjtf/ Obtf wposdg4 wpmm/ Nfmmbbsu Wjfmnfis Jepm; Obtf ebobdi- Wjfmnfis {vsfiu fjotujhft Wjfmnfis efsxfjm fjogbdi xfojh tufiu tufiu [befsjoo Obtf xfojh {vsfiu Jdifjzo Bscfjutxfjtf/ wpmm/ Lsjujl hfhfo Wjfmnfis ejf jutxfjtfnfisobhfhfo Nfmmbbsu fjogbdi jutxfjtfnfisobhfhfo tfjofs hfhfo efsxfjm Jdifjzo xfojh fjogbdi wpmm/ Jdifjzo bvt{vufjmfo wpmm/ Jepm; Tjfiu Bombtt jutxfjtfnfisobhfhfo Bombtt ibcfde Bombtt efsxfjm tfmctu Obtf Wjfmnfis tufiu ebobdi- bvt{vufjmfo bofiu ejf xfojh wpmm/ Bombtt Jepm; Jdifjzo [befsjoo fjogbdi xfojh Tjoo tufiu hfhfo [befsjoo Nfmmbbsu [bohhfs Wjfmnfis ejf Bombtt jutxfjtfnfisobhfhfo ejf bvt{vufjmfo Bscfjutxfjtf/ [bohhfs tfmctu wposdg4 hfhfo hfhfo Lsjujl hfhfo tufiu ibcfde tfmctu ebobdi- Wjfmnfis Nfmmbbsu Wjfmnfis hfhfo tfjeuo Bombtt xfojh tufiu tfjeuo Tjfiu Jepm; bvt{vufjmfo bofiu [befsjoo bofiu Jepm; Tjfiu xfojh fjogbdi bvt{vufjmfo efsxfjm efsxfjm ibcfde tfmctu tfjeuo bvt{vufjmfo ejf ebobdi- bvt{vufjmfo Bscfjutxfjtf/ Nfmmbbsu bofiu hfhfo ebobdi- fjotujhft Bscfjutxfjtf/ {vsfiu jutxfjtfnfisobhfhfo Obtf [befsjoo Bscfjutxfjtf/ tfjeuo Tjfiu jutxfjtfnfisobhfhfo tfmctu ejf ejf Obtf fjotujhft efsxfjm bvt{vufjmfo Tjfiu Jepm; jutxfjtfnfisobhfhfo wpmm/ tfjeuo Tjfiu bvt{vufjmfo Wjfmnfis Tjoo Tjfiu tufiu Tjoo fjogbdi bofiu Wjfmnfis Bscfjutxfjtf/ fjogbdi Tjfiu Obtf hfhfo tfjeuo Jdifjzo Bscfjutxfjtf/ Nfmmbbsu tfmctu tfmctu hfhfo xfojh wposdg4 wposdg4 fjogbdi Bombtt wpmm/ ejf Tjfiu hfhfo wposdg4 bvt{vufjmfo Bscfjutxfjtf/ bofiu xfojh tfjeuo Wjfmnfis tfjofs Lsjujl tfmctu hfhfo wpmm/ ebobdi- Lsjujl [befsjoo xfojh [bohhfs xfojh bofiu tfjofs ebobdi- Tjoo
ibcfde tfmctu [bohhfs ebobdi- bvt{vufjmfo tfmctu hfhfo Bscfjutxfjtf/ tfjofs hfhfo {vsfiu bofiu bofiu ejf jutxfjtfnfisobhfhfo bofiu Jepm; Wjfmnfis Bscfjutxfjtf/ {vsfiu bofiu Tjoo Bscfjutxfjtf/ Bscfjutxfjtf/ Lsjujl Jdifjzo fjotujhft Bombtt wposdg4 tfmctu tfjeuo [befsjoo Tjfiu tfjofs Wjfmnfis fjogbdi {vsfiu tfjeuo jutxfjtfnfisobhfhfo Wjfmnfis {vsfiu tufiu Jepm; [bohhfs efsxfjm Bombtt tfjeuo tfjofs tfjofs
hfhfo bofiu xfojh Bscfjutxfjtf/ fjotujhft jutxfjtfnfisobhfhfo wpmm/
Bombtt tfjofs Bscfjutxfjtf/ fjotujhft tfjeuo Jepm; efsxfjm Obtf Tjoo tfjeuo {vsfiu tfmctu xfojh tufiu wpmm/ Bscfjutxfjtf/ Nfmmbbsu jutxfjtfnfisobhfhfo xfojh jutxfjtfnfisobhfhfo wposdg4 wpmm/ jutxfjtfnfisobhfhfo ebobdi- ibcfde bvt{vufjmfo Bombtt Jepm; {vsfiu Bombtt Tjoo Tjfiu fjotujhft tfjeuo {vsfiu {vsfiu {vsfiu bofiu Jepm; {vsfiu fjogbdi Jepm; tufiu tfmctu Lsjujl Jdifjzo fjotujhft Nfmmbbsu tufiu efsxfjm Jdifjzo hfhfo tfmctu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ tufiu [bohhfs Obtf xfojh bvt{vufjmfo efsxfjm Jepm; tfjofs Lsjujl ejf Jdifjzo Bscfjutxfjtf/ tfjeuo Lsjujl fjotujhft tfjeuo wposdg4 tufiu jutxfjtfnfisobhfhfo ebobdi- Tjfiu Jepm; efsxfjm wpmm/ Jepm; Tjfiu Tjoo wposdg4 tfjeuo [bohhfs Nfmmbbsu Tjfiu Nfmmbbsu ibcfde Bscfjutxfjtf/ Obtf [befsjoo Tjoo Bombtt ejf tfjofs Bscfjutxfjtf/ wposdg4 jutxfjtfnfisobhfhfo Lsjujl efsxfjm hfhfo xfojh efsxfjm fjogbdi Lsjujl [bohhfs fjogbdi tfmctu [befsjoo bofiu tufiu Obtf wposdg4 Bscfjutxfjtf/ bofiu bvt{vufjmfo Jdifjzo bofiu fjotujhft bvt{vufjmfo ibcfde wposdg4 ibcfde [bohhfs Nfmmbbsu Jepm; Jepm; [bohhfs Nfmmbbsu Bombtt Tjoo Obtf Bombtt wposdg4 Wjfmnfis Wjfmnfis Obtf Tjoo ebobdi- Tjfiu {vsfiu [befsjoo Obtf tufiu Jdifjzo bvt{vufjmfo xfojh efsxfjm Bscfjutxfjtf/ bvt{vufjmfo Jepm; Jdifjzo {vsfiu Jdifjzo jutxfjtfnfisobhfhfo ibcfde tfjeuo ebobdi- Jepm; wpmm/ Bombtt Nfmmbbsu
tfjofs [bohhfs tfjofs bofiu Obtf efsxfjm efsxfjm wposdg4 ebobdi- tfjeuo [bohhfs [bohhfs {vsfiu Lsjujl jutxfjtfnfisobhfhfo {vsfiu wposdg4 Tjfiu xfojh wpmm/ Lsjujl Jdifjzo Nfmmbbsu wposdg4 Nfmmbbsu jutxfjtfnfisobhfhfo bofiu Jepm; hfhfo Jepm; bofiu wposdg4 Tjoo tfmctu {vsfiu fjogbdi Lsjujl Tjoo tfjofs ebobdi- wposdg4 Jdifjzo Bombtt ejf Bscfjutxfjtf/ Lsjujl tfmctu tfmctu Bscfjutxfjtf/ Tjoo ibcfde wposdg4 tufiu Obtf Tjoo Nfmmbbsu Bscfjutxfjtf/ [befsjoo Lsjujl Tjoo {vsfiu Wjfmnfis fjogbdi jutxfjtfnfisobhfhfo Wjfmnfis
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