The 1Q 2020 Control Premium Study report is now available, and we have updated the online FactSet Mergerstat/BVR Control Premium Study platform to include the latest analyses. Beginning with the first-quarter issue for 2020, the Control Premium Study has added several new charts and graphs that provide analysis on control premiums and minority discounts by industry sector, percentage acquired, deal size, strategic and financial buyer breakouts, method of payment, transaction multiples, and many more.
For non-US transactions, the average control premia was 26.8% during the quarter prior to the material outbreak of COVID-19, with a median of 20.0%. These premia were significantly lower than the rolling 12-month historical average, at 35.9% and 23.5%, respectively, for all transactions, as can be seen in the chart below, which includes the average and median control premia, from 2Q 2015 through 1Q 2020.
The report also notes that, despite COVID-19, deal volume held steady in May.
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