NUEVA OLEADA DE FUNSIONES Y ADQUISICIONES

The aim is to show that the mergers and acquisitions (M&A) process undergoing for the last years, has been opposite to the literature which states that such process during bonanza and boom growth periods. Through seven parts, we study the different and main financing options for the firms, basic M&A concepts and why they take place, their characteristics and macroeconomic environment where they mainly happen, an historical review, some macroeconomic environment variables and the M&A process since the 2008 crisis, the most relevant cases in the recent years, and some interpretations. We conclude that the stagnation macroeconomic environment has not been an obstacle for a new M&A wave.