DAX/MDAX M&A survey
Methodology
The 40 DAX and 50 MDAX constituents are the largest German companies by market capitalization and turnover listed on the Prime Standard segment of the Frankfurt stock exchange.
This study is based on the activities of those companies that were represented in one of the two indices as of 31 December 2022.
It covers the 10-year period 1 January 2013 to 31 December 2022 and captures 'strategic investments', i.e. completed or announced mergers, acquisitions, and joint ventures through which DAX and MDAX companies have acquired a significant stake in another company or one of its businesses.
The classification of the 15 selected countries as emerging economies is based on classifications published by a selection of institutions including the International Monetary Fund.
The conclusions drawn in this study are primarily based on the number of deals as opposed to the published deal value. There are two reasons for this: firstly, a transaction value is not publicly disclosed for each deal. Moreover, experience shows that the number of transactions says more about an M&A market than the prices paid for a company – in particular, so-called 'mega deals' can lead to a distorted picture if average deal values are used as a basis for analysis.
The report is based on data from Refinitiv and Freshfields' own intelligence.
DAX/MDAX global M&A survey
Our team
Elizabeth Oberholzer 合伙人
Munich
Dr. Lars Meyer Partner | Global Co-Head of Tech, Media & Telecoms
Frankfurt am Main, Berlin
Dr. Philipp Pütz 合伙人
Düsseldorf, Berlin
Dr. Theresa Ehlen 合伙人
Düsseldorf, Frankfurt am Main
Julia Sellmann 合伙人
Hamburg, Munich
Dr. Heiner Braun 合伙人
Frankfurt am Main
Dr. Uta Itzen 合伙人
Düsseldorf, Munich
Dr. Ralph Kogge 合伙人
Munich, Düsseldorf
Prof. Dr. Christoph H. Seibt 合伙人
Hamburg
Dr. Wessel Heukamp 合伙人
Munich