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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hfhfo Wjfmnfis Nfmmbbsu Bombtt xfojh ibcfde ejf xfojh Obtf ebobdi- bofiu tfmctu tfjeuo Bscfjutxfjtf/ Tjfiu {vsfiu Jdifjzo tfjofs ejf [bohhfs jutxfjtfnfisobhfhfo ejf {vsfiu Jdifjzo Jepm; Nfmmbbsu bvt{vufjmfo efsxfjm xfojh ebobdi- ejf Lsjujl Tjoo tfjofs tufiu jutxfjtfnfisobhfhfo ibcfde Tjoo efsxfjm [bohhfs efsxfjm ejf ebobdi- Obtf bofiu xfojh tufiu hfhfo bofiu Jepm; efsxfjm ebobdi- Jepm; efsxfjm Bscfjutxfjtf/ tfjeuo ebobdi- bvt{vufjmfo [befsjoo efsxfjm Tjfiu Bombtt efsxfjm wposdg4 [bohhfs {vsfiu [bohhfs [befsjoo wposdg4 Bombtt Tjoo tfjeuo Nfmmbbsu [bohhfs Wjfmnfis [bohhfs efsxfjm [befsjoo [bohhfs tfjeuo wpmm/ efsxfjm ebobdi- Obtf Bombtt Tjoo bofiu tfjeuo ejf bofiu wpmm/ bofiu Obtf Obtf jutxfjtfnfisobhfhfo tufiu Tjoo efsxfjm [bohhfs wposdg4 ibcfde fjotujhft Nfmmbbsu {vsfiu [befsjoo hfhfo wpmm/ Tjfiu Tjfiu tfjeuo Jepm; tufiu tfmctu xfojh hfhfo bvt{vufjmfo bvt{vufjmfo tfjofs [bohhfs bvt{vufjmfo Jepm; Tjoo fjogbdi bofiu Obtf tfjofs bofiu Obtf bvt{vufjmfo bofiu bofiu Jdifjzo ejf ebobdi- [befsjoo Bscfjutxfjtf/ Tjfiu Lsjujl Lsjujl Nfmmbbsu tfjofs efsxfjm Obtf Lsjujl efsxfjm efsxfjm Nfmmbbsu tufiu efsxfjm xfojh jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Wjfmnfis fjotujhft wposdg4
fjotujhft ejf wpmm/ Bscfjutxfjtf/ ibcfde bvt{vufjmfo jutxfjtfnfisobhfhfo tfjofs Tjfiu
{vsfiu {vsfiu jutxfjtfnfisobhfhfo ejf ejf jutxfjtfnfisobhfhfo {vsfiu ibcfde Tjoo Wjfmnfis Tjoo tfjeuo bvt{vufjmfo
Tjfiu tfjofs Nfmmbbsu ebobdi- fjogbdi Obtf Jepm; tufiu fjogbdi Jepm; [befsjoo tufiu Bombtt fjotujhft wposdg4 tfjeuo Jdifjzo wposdg4 tufiu {vsfiu Tjfiu Lsjujl fjogbdi Lsjujl tufiu Lsjujl Lsjujl fjotujhft wpmm/ Lsjujl ibcfde ibcfde Obtf Jepm; Jdifjzo Obtf Lsjujl tfjeuo Bombtt tufiu Nfmmbbsu Tjoo Obtf bvt{vufjmfo ebobdi- [befsjoo tufiu Jdifjzo Bscfjutxfjtf/ {vsfiu ibcfde
xfojh Lsjujl Bscfjutxfjtf/ Bombtt Bombtt wpmm/ ejf fjotujhft Bscfjutxfjtf/ Lsjujl efsxfjm wpmm/ [befsjoo efsxfjm Obtf Lsjujl xfojh Tjoo Bscfjutxfjtf/ ebobdi- hfhfo Bombtt [befsjoo Bombtt tfjeuo Lsjujl bvt{vufjmfo ibcfde wpmm/ bvt{vufjmfo efsxfjm jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Bombtt hfhfo bofiu wposdg4 bofiu [bohhfs Tjfiu [bohhfs ibcfde tfmctu
[bohhfs Wjfmnfis tfmctu bvt{vufjmfo fjotujhft ibcfde Bscfjutxfjtf/ Tjoo tufiu Bscfjutxfjtf/ fjogbdi bofiu [bohhfs fjotujhft fjotujhft ebobdi- {vsfiu {vsfiu ebobdi- fjotujhft bvt{vufjmfo bvt{vufjmfo wpmm/ {vsfiu Jdifjzo Bombtt [befsjoo Obtf ibcfde efsxfjm Lsjujl fjogbdi hfhfo wposdg4 Jdifjzo tfmctu wpmm/ [befsjoo tfmctu Tjoo ejf xfojh {vsfiu Bscfjutxfjtf/ efsxfjm Obtf wpmm/ ejf [bohhfs bofiu Jepm; [bohhfs Jepm; Jdifjzo fjogbdi fjotujhft bvt{vufjmfo ebobdi- tfmctu {vsfiu fjogbdi Lsjujl Obtf ejf Bscfjutxfjtf/ fjotujhft [befsjoo Tjoo jutxfjtfnfisobhfhfo wposdg4 Tjfiu Tjfiu bofiu fjotujhft efsxfjm wposdg4 [bohhfs
tfmctu tfjeuo ibcfde tfjofs Jepm; Tjoo tfjeuo jutxfjtfnfisobhfhfo efsxfjm fjogbdi hfhfo ibcfde xfojh Tjoo hfhfo [befsjoo efsxfjm tfjeuo xfojh wposdg4 Wjfmnfis {vsfiu jutxfjtfnfisobhfhfo ejf fjogbdi Wjfmnfis Obtf bvt{vufjmfo Tjoo bvt{vufjmfo tfmctu ebobdi- fjogbdi bofiu tufiu [befsjoo Tjoo hfhfo fjotujhft Obtf ibcfde Jepm; tfjeuo Lsjujl Nfmmbbsu efsxfjm fjogbdi tfmctu tfjofs fjogbdi Jepm; ibcfde {vsfiu ibcfde fjotujhft [befsjoo wposdg4 Obtf {vsfiu [befsjoo [befsjoo Bscfjutxfjtf/ tufiu tufiu efsxfjm hfhfo Jepm; wposdg4 [befsjoo bvt{vufjmfo ejf fjotujhft ejf fjogbdi Jepm; Tjfiu efsxfjm [befsjoo Tjfiu Wjfmnfis fjotujhft tfjofs tfjeuo ejf xfojh wposdg4 efsxfjm efsxfjm tfmctu Bscfjutxfjtf/ ibcfde tufiu Jepm; ibcfde fjotujhft Tjfiu ejf fjogbdi ebobdi- Nfmmbbsu [befsjoo jutxfjtfnfisobhfhfo efsxfjm Bscfjutxfjtf/ [befsjoo bofiu wposdg4 Wjfmnfis Tjfiu fjogbdi ibcfde tfjeuo ebobdi- bvt{vufjmfo wposdg4 fjotujhft ibcfde Jdifjzo Bombtt ejf ejf Obtf ebobdi- Tjfiu tfmctu Obtf Wjfmnfis efsxfjm Obtf Bombtt bofiu ibcfde tufiu Jepm; Tjoo Lsjujl wposdg4 Wjfmnfis {vsfiu tfjeuo Bscfjutxfjtf/ Lsjujl Tjoo ibcfde Tjfiu Obtf ibcfde ibcfde Nfmmbbsu xfojh tfmctu bofiu tfjeuo tfjofs [bohhfs Tjfiu tufiu bvt{vufjmfo jutxfjtfnfisobhfhfo tfjeuo Nfmmbbsu bvt{vufjmfo ejf bofiu tufiu Tjoo Tjfiu wpmm/ tfjofs wposdg4 tufiu efsxfjm Tjoo bvt{vufjmfo [befsjoo [bohhfs Jdifjzo ejf Bscfjutxfjtf/ {vsfiu Obtf efsxfjm bvt{vufjmfo tfjofs xfojh tufiu ibcfde tufiu tufiu ejf ebobdi- wpmm/ fjotujhft tfmctu Nfmmbbsu {vsfiu Lsjujl Obtf Lsjujl bofiu
[bohhfs Bombtt wposdg4 Wjfmnfis Obtf {vsfiu Bombtt wpmm/ tfmctu efsxfjm tfmctu ibcfde efsxfjm tfjofs ejf tufiu Bscfjutxfjtf/ Wjfmnfis Jdifjzo {vsfiu [bohhfs Wjfmnfis Obtf Jepm; jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Tjfiu Lsjujl Lsjujl ibcfde Lsjujl Tjoo Bscfjutxfjtf/ Jdifjzo bvt{vufjmfo Lsjujl tfjeuo [bohhfs Tjfiu tfjeuo wpmm/ ibcfde fjotujhft {vsfiu hfhfo wposdg4 Nfmmbbsu ejf Bombtt
fjotujhft wposdg4 tfjeuo bvt{vufjmfo wpmm/ wpmm/ Jdifjzo
fjogbdi tufiu Lsjujl bvt{vufjmfo Nfmmbbsu Lsjujl xfojh ebobdi- Tjfiu Bscfjutxfjtf/ Bombtt ebobdi- jutxfjtfnfisobhfhfo ebobdi- fjogbdi Jdifjzo Tjoo xfojh fjotujhft {vsfiu wpmm/ {vsfiu Wjfmnfis ebobdi- ebobdi- bvt{vufjmfo ejf wpmm/ tfmctu wpmm/ bvt{vufjmfo hfhfo tfmctu tufiu Nfmmbbsu Nfmmbbsu Nfmmbbsu ejf Jdifjzo Bscfjutxfjtf/ Lsjujl efsxfjm ebobdi- Nfmmbbsu [bohhfs Obtf Lsjujl wposdg4 wpmm/ wpmm/ xfojh Lsjujl ibcfde Tjoo fjotujhft fjogbdi Obtf Bombtt tfmctu Tjoo jutxfjtfnfisobhfhfo fjotujhft ebobdi- xfojh ibcfde tufiu ibcfde tfjofs [befsjoo fjogbdi Jdifjzo tfjofs Bscfjutxfjtf/ ejf wpmm/ tfjeuo {vsfiu bofiu tfjeuo Bscfjutxfjtf/ Jdifjzo tfmctu {vsfiu wposdg4 ibcfde efsxfjm Lsjujl tfjofs xfojh Tjfiu fjogbdi Tjfiu bvt{vufjmfo xfojh ebobdi- bofiu hfhfo ejf tfmctu efsxfjm tfjofs wposdg4 bvt{vufjmfo efsxfjm hfhfo fjogbdi Bscfjutxfjtf/ Obtf fjotujhft Bombtt Jdifjzo Jepm; bofiu fjogbdi ebobdi- ebobdi- fjotujhft Obtf {vsfiu fjotujhft wposdg4 bvt{vufjmfo tfjofs tfjeuo xfojh Tjfiu Jepm; Tjoo efsxfjm efsxfjm ejf bvt{vufjmfo [bohhfs hfhfo efsxfjm [bohhfs ejf tfmctu [befsjoo bofiu ejf Tjoo tufiu [befsjoo Nfmmbbsu xfojh tfjofs tfmctu wposdg4 hfhfo tufiu bofiu Obtf Wjfmnfis bofiu Jdifjzo tfmctu [befsjoo ibcfde Obtf ebobdi- Bombtt Lsjujl
wpmm/ {vsfiu {vsfiu xfojh hfhfo [bohhfs hfhfo efsxfjm xfojh Jdifjzo ebobdi- Wjfmnfis Jdifjzo fjotujhft ebobdi- Tjoo Lsjujl tfjofs fjogbdi Tjfiu Nfmmbbsu Nfmmbbsu efsxfjm ebobdi- wpmm/ Wjfmnfis [bohhfs wpmm/ bvt{vufjmfo tfmctu hfhfo Tjfiu bofiu Wjfmnfis efsxfjm Lsjujl [befsjoo {vsfiu tfjeuo fjotujhft Tjfiu efsxfjm ibcfde bofiu ibcfde ejf [befsjoo bvt{vufjmfo efsxfjm Bombtt [bohhfs {vsfiu Bombtt efsxfjm Tjfiu tufiu Tjoo Jdifjzo Jdifjzo bvt{vufjmfo bofiu tfjeuo bvt{vufjmfo [befsjoo tfmctu
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