SS&C Technologies Holdings, Inc. last week announced the publication of the Gender Diversity & Dealmaking 2022 report, an in-depth look at gender diversity in M&A deal-making drawing on data from more than 11,000 M&A deals spanning over a decade.
“Since our first report on the topic published in early 2020, a pandemic and a turn toward ESG and DEI have transformed corporate strategies,” said Ken Bisconti, co-head, SS&C Intralinks. “We set out to determine the extent to which gender diversity on public company boards and at CEO levels affects outcomes in M&A deals. What we found is women CEOs not only complete more deals, but gender diversity produces better long-term performance.”
The report was produced in association with the M&A Research Centre (MARC) at Bayes Business School, City, University of London and Mergermarket.
Key findings from the Gender Diversity & Dealmaking 2022 report:
• Female CEOs complete 97 percent of announced deals compared to 95 percent for companies with male CEOs. This gap widened to five percentage points for deals completed during the pandemic
• Diverse Boards and female CEOs produce better results post-deal than their male counterparts across key indicators such as price performance, ROE, EBIT/sales and EBITDA/sales
• Acquisitions undertaken by acquirers with female CEOs and more than 30 percent female representation on boards are more likely to seek advice, are more risk-averse and tend to seek out targets with stronger performance metrics, compared to those conducted by male CEOs or less diverse boards
• Female leaders and diverse boards performed better during the pandemic, with share prices performing better than ones led by male CEOs one year after transaction completion
SS&C Intralinks is a pioneer of the virtual data room, enabling and securing the flow of information by facilitating M&A, capital raising and investor reporting. SS&C Intralinks has executed over U.S. $34.7 trillion worth of financial transactions on its platform.
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
This new report draws on data from more than 11,000 M&A deals announced between 2010 and 2021 and features commentary from senior dealmakers to understand the trend.
The full report can be downloaded at intralinks.com/gender-diversity-and-dealmaking-2022.