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GLOBAL OVERVIEW OF 
THE YEAR IN M&A 
19 November 2014 
Omleen Ajimal
GLOBAL M&AIN 2014: THE BIG PICTURE
RETURN OF THE JUMBO DEAL
Highlights of the year (1) 
Return of “big-ticket” M&A 
Based on data sourced from Experian 
MarketIQ as at 12 November 2014
Highlights of the year (2) 
The trickle-down effect 
Based on data sourced from Experian 
MarketIQ as at 12 November 2014
Highlights of the year (3) 
Average deal size: 
•US$251m in Q3 2014 
•…the highest since US$309m in Q2 2007 
Sourced from a MergerMarket Report: 
Monthly M&A Insider, October 2014
Highlights of the year (4) 
The US “Corporate Inversion” 
Based on source data gathered 
from Bloomberg to October 2014
Where in the world…?
Which sectors…?
KEY CORPORATE & COMMERCIAL ISSUES AFFECTING M&AACTIVITY IN 2014
Financing
The buyer and seller 
•Who are they? 
•Corporates 
•Private equity funds 
•Family businesses/family offices 
•Regional considerations on cross- border deals
Valuation and pricing issues
Management concerns 
•Due Diligence 
•Risk management 
•Cost optimisation 
•Corporate Governance
Intellectual Property 
•Who owns what? 
•Valuing IP 
•Protecting IP in cross-border M&A 
•The strategic role of IP in cross-border M&A
Corporate structuring 
•Types of corporate structures: 
•Takeovers 
•Schemes of Arrangement 
•Continental European-style mergers 
•Inversions and spinversions 
•Partnerships and Joint-Ventures 
•Regulatory considerations 
•Tax considerations
KEY TAX AND STRUCTURING ISSUES AFFECTING M&AACTIVITY IN 2014
Cross-border tax structuring 
•Reducing the global tax bill 
•Traps and pitfalls 
•Regional approaches to tax: 
•“Source” v “Residence” taxation 
•“Worldwide” v “Territorial” taxation
Cross-border tax compliance 
•The Foreign Account Tax Compliance Act! 
•Base Erosion and Profit Shifting!
Omleen Ajimal 
Director of International Tax 
Squire Patton Boggs 
omleen.ajimal@squirepattonboggs.com

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Global Overview of the Year in M&A - Squire Patton Boggs

  • 1. GLOBAL OVERVIEW OF THE YEAR IN M&A 19 November 2014 Omleen Ajimal
  • 2. GLOBAL M&AIN 2014: THE BIG PICTURE
  • 3. RETURN OF THE JUMBO DEAL
  • 4. Highlights of the year (1) Return of “big-ticket” M&A Based on data sourced from Experian MarketIQ as at 12 November 2014
  • 5. Highlights of the year (2) The trickle-down effect Based on data sourced from Experian MarketIQ as at 12 November 2014
  • 6. Highlights of the year (3) Average deal size: •US$251m in Q3 2014 •…the highest since US$309m in Q2 2007 Sourced from a MergerMarket Report: Monthly M&A Insider, October 2014
  • 7. Highlights of the year (4) The US “Corporate Inversion” Based on source data gathered from Bloomberg to October 2014
  • 8. Where in the world…?
  • 10. KEY CORPORATE & COMMERCIAL ISSUES AFFECTING M&AACTIVITY IN 2014
  • 12. The buyer and seller •Who are they? •Corporates •Private equity funds •Family businesses/family offices •Regional considerations on cross- border deals
  • 14. Management concerns •Due Diligence •Risk management •Cost optimisation •Corporate Governance
  • 15. Intellectual Property •Who owns what? •Valuing IP •Protecting IP in cross-border M&A •The strategic role of IP in cross-border M&A
  • 16. Corporate structuring •Types of corporate structures: •Takeovers •Schemes of Arrangement •Continental European-style mergers •Inversions and spinversions •Partnerships and Joint-Ventures •Regulatory considerations •Tax considerations
  • 17. KEY TAX AND STRUCTURING ISSUES AFFECTING M&AACTIVITY IN 2014
  • 18. Cross-border tax structuring •Reducing the global tax bill •Traps and pitfalls •Regional approaches to tax: •“Source” v “Residence” taxation •“Worldwide” v “Territorial” taxation
  • 19. Cross-border tax compliance •The Foreign Account Tax Compliance Act! •Base Erosion and Profit Shifting!
  • 20. Omleen Ajimal Director of International Tax Squire Patton Boggs omleen.ajimal@squirepattonboggs.com