The number of M&A deals completed in the first quarter of 2016 was the lowest since Q2 2014 according to Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM). 

The research, run in partnership with Cass Business School, shows that despite the fall in completed deals over $100m this quarter (216) compared to 233 in Q1 2015 (and 307 in Q4 2015), financial outperformance for companies completing M&A deals remains positive at 5.3 percentage points (pp) above the MSCI World Index. However, this is still below the three year rolling average of 6.0pp.