Global M&A Valuation Outlook 2014

宁静的心

Contents
Methodology 2
Executive Summary 4
Global Overview 6
Global deal multiples climb in 2013, with momentum expected to continue 6
Private Equity Valuation Trends 8
Buyout multiples hold steady, but expected to rise in 2014 8
Private equity exit multiples recover 8
Energy, Mining & Utilities 10
Industrials & Chemicals 12
Technology, Media & Telecom 14
Asia-Pacific 16
China leads the way 16
Foreign bidders return 17
Domestic deals dominate 17
India's M&A market waits on election results 18
Japanese buyers turn more to developed countries 18
Asian investment in Europe to rise 19
Americas 20
Upbeat expectations for North America 20
Valuations in Latin America show consistent growth 21
Europe 22
Northern and Western Europe the engine of M&A deals 22
A long road to recovery for Southern Europe 23
Central and Eastern Europe expected to heat up in 2014 23
About American Appraisal 24