8 | The Deloitte M&A Index Q3 2015 Geographies M&A trends in geographies Figure 8. Global deal values by region of acquirer and target ($bn), 15 YTD So far this year more than $1.8 trillion worth 2014- of deals have been announced, compared Disclosed deal values by region of acquirer ($bn) to $1.5 trillion in H1 2014. This is the result 1,000 of a surge in dealmaking by North American companies, which accounted for 50 per cent 800 of the announced deals globally. However, there has been a 6 per cent decline in global 600 M&A volumes compared to H1 2014. 400 There has also been a sharp pick up in Asia 200 – so far $535 billion worth of deals have been announced by Asia-Pacific acquirers, 0 compared to $384 billion in H1 2014. Africa/ Asia-Pacific Europe North South Middle East America America 0 Europe is fast becoming the preferred destination for inbound M&A investment. 200 So far this year $433 billion worth of deals have been announced, of which $147 billion 400 were from North American companies, representing 73 per cent of all cross-border 600 investment into Europe. 800 In contrast, European companies have been 1,000 less active as acquirers and have announced Disclosed deal values by region of target ($bn) only $276 billion worth of deals, representing a global share of just 15%, which is down H1 2014 H2 2014 2015 YTD from 27% in 2014. European outbound M&A Source: Deloitte analysis based on data from Thomson One Banker into North America has fallen dramatically and only $30 billion worth of deals have been announced so far in 2015 as compared to $156 billion for the whole 2014.