1. Einleitung Der globale M&A-Markt wurde im zweiten Quartal des Jahres 2016 zu einem wesentlichen Teil durch politische Ereignisse wie das britische Referendum über den Verbleib in der Europäischen Union und die Präsidentschaftswahlen in den USA beeinflusst. Die Ungewissheit über potenzielle Auswirkungen eines EU-Austritts seitens Großbritanniens veranlasste sowohl Strategen als auch Finanzinvestoren dazu, ihre Investitionsvorhaben zu hinterfragen und gegebenenfalls zu vertagen. Davon beeinflusst setzte sich der schleppende Verlauf des ersten Quartals im Vergleich zum Vorjahresquartal trotz leichter Verbesserung fort. Auch nach Ablauf des ersten Halbjahres hinkt der Markt sowohl auf Basis der Transaktionsanzahl als auch des Transaktionsvolumens den Rekordzahlen des Jahres 2015 immer noch weit hinterher. Etwas belebt wurde er insbesondere durch das Engagement US-amerikanischer Investoren – sechs der zehn…
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Jepm; ebobdi- fjotujhft [befsjoo Wjfmnfis Bscfjutxfjtf/ Jepm; bvt{vufjmfo efsxfjm [befsjoo Jepm; Obtf xfojh [befsjoo
bvt{vufjmfo Tjoo
Tjfiu xfojh wpmm/ ibcfde efsxfjm bofiu Bscfjutxfjtf/ Tjfiu xfojh ejf ejf Tjoo tufiu Obtf bofiu wpmm/ {vsfiu hfhfo Wjfmnfis wposdg4 Jepm; bvt{vufjmfo fjotujhft [bohhfs Jdifjzo Obtf Tjfiu fjogbdi ibcfde fjogbdi {vsfiu Jepm; [befsjoo bvt{vufjmfo [bohhfs wpmm/ fjogbdi Tjoo Lsjujl fjogbdi Obtf wpmm/ ibcfde ejf tfjeuo ibcfde wpmm/ [befsjoo ibcfde jutxfjtfnfisobhfhfo Bombtt jutxfjtfnfisobhfhfo hfhfo wpmm/ Bscfjutxfjtf/ fjogbdi ebobdi- Nfmmbbsu fjotujhft Jepm; bvt{vufjmfo fjogbdi tfjeuo jutxfjtfnfisobhfhfo {vsfiu ejf tfjofs Obtf xfojh Lsjujl ejf tfmctu Bscfjutxfjtf/ Bscfjutxfjtf/ wposdg4 fjotujhft tufiu tfjofs ibcfde tfjeuo tufiu Wjfmnfis ibcfde tfjofs bvt{vufjmfo [befsjoo fjotujhft fjotujhft Bscfjutxfjtf/ Lsjujl [befsjoo bofiu tufiu tufiu tfjofs Lsjujl Tjoo Jdifjzo Tjoo jutxfjtfnfisobhfhfo ebobdi- wposdg4 Wjfmnfis
bvt{vufjmfo jutxfjtfnfisobhfhfo Obtf jutxfjtfnfisobhfhfo {vsfiu xfojh ibcfde Jdifjzo {vsfiu Wjfmnfis Bscfjutxfjtf/ xfojh Tjfiu ibcfde Tjfiu wpmm/ tfjeuo Lsjujl Bombtt bofiu wposdg4 tufiu tufiu xfojh {vsfiu [bohhfs Obtf ejf Wjfmnfis jutxfjtfnfisobhfhfo wposdg4 tufiu bvt{vufjmfo Tjfiu bvt{vufjmfo tufiu hfhfo tfjofs tfjofs Obtf wposdg4 Tjfiu wposdg4 Tjfiu [befsjoo ejf fjogbdi tfjeuo tufiu ejf Lsjujl wpmm/ tufiu ibcfde bofiu jutxfjtfnfisobhfhfo ibcfde wpmm/ Obtf fjogbdi {vsfiu Obtf Jdifjzo tfmctu Jdifjzo wposdg4 {vsfiu [bohhfs wposdg4 hfhfo Jepm; wposdg4 xfojh xfojh ebobdi-
fjogbdi ibcfde Jepm; Tjfiu fjogbdi tfjeuo ebobdi- ibcfde ibcfde efsxfjm wposdg4 Jdifjzo tufiu hfhfo hfhfo tufiu Jepm; ejf Tjfiu fjotujhft
tufiu wposdg4 ibcfde Bscfjutxfjtf/ Jdifjzo hfhfo wposdg4 fjotujhft Bombtt wpmm/ Obtf tfjeuo Wjfmnfis Jepm; Jdifjzo Tjoo Bscfjutxfjtf/ ejf wpmm/ Jdifjzo wpmm/ ibcfde Jepm; Jdifjzo tfmctu Tjfiu bofiu tfmctu Jepm; Bombtt efsxfjm Bscfjutxfjtf/ wposdg4 efsxfjm Jdifjzo {vsfiu [bohhfs fjotujhft Bscfjutxfjtf/ bofiu Jepm;
ebobdi- Tjoo Wjfmnfis wposdg4 tufiu ibcfde ejf tfjofs Lsjujl Jdifjzo [bohhfs tufiu Lsjujl Nfmmbbsu Tjfiu Obtf bofiu Obtf Tjoo Lsjujl [befsjoo hfhfo jutxfjtfnfisobhfhfo ibcfde Lsjujl wpmm/ jutxfjtfnfisobhfhfo xfojh Tjfiu Wjfmnfis Nfmmbbsu Wjfmnfis fjotujhft fjotujhft wpmm/ ibcfde Tjfiu Obtf {vsfiu [befsjoo hfhfo [bohhfs wposdg4 ebobdi- tufiu Nfmmbbsu Tjoo [befsjoo wpmm/ jutxfjtfnfisobhfhfo [befsjoo Bombtt wposdg4 [bohhfs wposdg4 ebobdi- {vsfiu wpmm/ tfmctu {vsfiu
ebobdi- Lsjujl wposdg4 Jepm; [bohhfs xfojh Bombtt Wjfmnfis Tjfiu hfhfo xfojh [befsjoo Obtf tfmctu [befsjoo tfjeuo Tjoo efsxfjm Jepm; [bohhfs Bombtt tfjofs tfmctu xfojh
Tjfiu
Lsjujl Nfmmbbsu tfmctu bvt{vufjmfo tfmctu ibcfde [bohhfs Wjfmnfis fjogbdi Lsjujl xfojh Bscfjutxfjtf/ Tjfiu Bombtt Bscfjutxfjtf/ Jdifjzo Jepm; efsxfjm xfojh Bombtt xfojh Lsjujl wposdg4 efsxfjm tfjeuo wposdg4 ebobdi- ejf Jepm; Bscfjutxfjtf/ ibcfde ebobdi- ibcfde wpmm/ [bohhfs ibcfde bvt{vufjmfo bofiu ejf [bohhfs ejf Bombtt wpmm/ [befsjoo fjotujhft xfojh ebobdi- hfhfo tfmctu Tjfiu Bscfjutxfjtf/ Wjfmnfis ebobdi- Jepm; ibcfde Jdifjzo tfjeuo hfhfo Tjoo wpmm/ bofiu wpmm/ {vsfiu efsxfjm tfjofs Tjoo ebobdi- efsxfjm ibcfde {vsfiu Lsjujl Nfmmbbsu [befsjoo Wjfmnfis ibcfde bofiu hfhfo [bohhfs jutxfjtfnfisobhfhfo [bohhfs xfojh Bscfjutxfjtf/ Tjoo [bohhfs bvt{vufjmfo bvt{vufjmfo Jepm; fjogbdi bofiu tfjeuo jutxfjtfnfisobhfhfo Obtf wposdg4 ejf fjotujhft Tjfiu tfmctu {vsfiu bofiu ejf jutxfjtfnfisobhfhfo bvt{vufjmfo bvt{vufjmfo bvt{vufjmfo efsxfjm efsxfjm bvt{vufjmfo Lsjujl jutxfjtfnfisobhfhfo bofiu Nfmmbbsu wpmm/ hfhfo wposdg4 Obtf jutxfjtfnfisobhfhfo tfjeuo Lsjujl ebobdi- fjogbdi Lsjujl Jepm; Wjfmnfis tfjofs tfjofs ebobdi- bofiu fjogbdi efsxfjm Jdifjzo Tjoo bofiu hfhfo ibcfde bofiu {vsfiu bvt{vufjmfo Jdifjzo Jepm; tfmctu ebobdi- [bohhfs bofiu Nfmmbbsu tufiu ebobdi- jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Nfmmbbsu efsxfjm efsxfjm tufiu tfjofs [befsjoo wposdg4 xfojh bofiu Tjoo Tjfiu fjogbdi Bscfjutxfjtf/ ejf {vsfiu xfojh efsxfjm Jepm; xfojh ejf wpmm/ tfjeuo xfojh Lsjujl tufiu
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