M&A activity surge may continue this year: Evercore chief exec

Singapore

THE global surge in merger and acquisition (M&A) activity is likely to continue this year, thanks to supportive equity and debt markets, says Ralph Schlosstein, president and chief executive officer of Evercore.

In 2014, the overall M&A market in terms of the value of transactions rose by about 40 per cent, from about US$2.4 trillion to US$3.4 trillion. The Asian market expanded by 40 per cent as well.

Mr Schlosstein said 2014 was characterised by large transactions in the first eight months with deals of at leas…