For months, dealmakers have predicted that M&A in 2014 would beat 2013, and data for the first half of the year is proving them right. The first half of 2014 yielded more completed middle-market transactions worth more money than the same periods in both 2012 and 2013, according to Thomson Reuters. The first six months of 2014 produced 1,057 deals valued at $137.9 billion, compared with 1,023 deals valued at $120.6 billion in 2012 and 996 deals valued at $123.5 billion in 2013. (See related graphic to see how the first half of 2014 compares with previous years.)
The best month for middle-market M&A in 2014 so far was January, which benefitted from deals that didn’t quite close by year end. (See chart below). The first month of the year generated 216 completed transactions valued at $30 billion. Coming in second was April, which generated 203 transactions valued at $29.9 billion. The worst month was May, which produced only 145 deals valued at $16.1 billion, in part due to bank holidays in the U.S. (Memorial Day) and Europe (Ascension Day). Concerns that May might have marked the beginning of a seasonal slowdown were mollified by a pickup in June, which yielded 171 deals valued at $20 billion.