最新新闻

联系我们

当前位置: 主页 > 最新新闻 >

Pace of Strategic M&A and LBOs to Continue, Claims Marke


编辑:918 时间:2018-10-06


- Debt market expected to sustain mega-buyouts

- SBOs will continue to be most popular exit route

- Shareholder activism and hedge funds contributing to ongoing boom

NEW YORK, May 17 /Xinhua-PRNewswire/ -- mergermarket, the M&A intelligence and research service, is pleased to announce the findings of its annual Market Makers survey. The study, published in conjunction with Fried, Frank, Harris, Shriver & Jacobson LLP, is the result of 150 interviews with prominent 大发电玩城private equity professionals, M&A bankers, and corporate CEOs in both the US and Europe, designed to gauge expectations and opinions on the leading issues facing the M&A and private equity industries.

The survey yielded several surprising findings. While the availability of cheap debt is regularly cited as a contributing factor in the ongoing private equity boom, only 3% of respondents consider such availability a "principle driver" of mega-buyouts. Other trends, such as the popularity of consortium bids and the opportunity for superior returns compared to smaller companies, were considered more influential drivers. Respondents thus are likely to expect continued mega-buyout activity regardless of any turn in the credit cycle.

Furthermore, respondents clearly favor secondary buyouts as the exit strategy of choice for today’s LBOs, contrasting with the popular notion that a strategic sale or IPO exit signals a "successful" buyout.

Additional findings from the survey include the following:

-- 56% of respondentAAAApect large cap strategic M&A activity to

continue to increase in 2007

-- Nearly 50% of respondents see shareholder activism as a

catalyst for M&A activity

-- Respondents believe hedge funds are increasing the

competition for M&A targets

-- 70% of respondents claim the debt market iAAAApected to

sustain leveraged buyouts in 2007, and 73% of respondents do

not anticipate major defaults by private equity portfolio

companies in 2007

-- RespondentAAAApect Energy and Financial Services industries

to be the leading sectors for large transformational M&A in

2007; Healthcare, Business Services, and Energy are expecteAAAAAAA> to be the most attractive sectors for LBOs

-- Respondents believe the increased use of consortium/club

deals is the leading concern for private equity fund LimiteAAAAAAA> Partners

The report, available at http://www.friedfrank.com/reprints/070501_marketmakers.pdf , also includes feature articles on the continued momentum of strategic M&A; the drivers behind the current LBO boom; and the development of mega-funds in private equity.

Fried, Frank, Harris, Shriver & Jacobson LLP is a leading international law firm with more than 600 attorneys in offices in New York, Washington, D.C., London, Paris, Frankfurt and Hong Kong. Fried Frank lawyers regularly represent major investment banking firms, private equity houses and hedge funds, as well as many of the largest companies in the world. The firm offers legal counsel on M&A, private equity, asset management, capital markets and corporate finance matters, white-collar criminal defense and civil litigation, securities regulation, compliance and enforcement, government contracts, environmental law and litigation, real estate, tax, bankruptcy, antitrust, benefits and compensation, intellectual property and technology, international trade, and trusts and estates. The firm has an association with Huen Wong & Co. in Hong Kong. More information on Fried Frank can be found at http://www.friedfrank.com.

mergermarket is part of The Mergermarket Group which has over 400 employees worldwide and regional head offices in New York, London and Hong Kong.

mergermarket is an unparalleled mergers and acquisitions (M&A) intelligence tool. In any market, the life blood of advisers is deal flow. mergermarket is unique in the provision of origination intelligence to the investment banking, legal, private equity, acquisition finance, public relations (PR) and corporate markets.

With an unrivalled network of analysts covering M&A in North America, Europe and Asia-Pacific, mergermarket generates proprietary intelligence and delivers it together with daily aggregated content, on its mergermarket.com platform and by real-time email alerts to subscribers.

This wealth of intelligence, together with a series of deal databases, individual and house league tables, profiles and editorial have proven time and time again that this product can and does generate real revenues for clients. This is apparent when you see that mergermarket is used by over 1000 of the world’s foremost advisory firms to assist in their origination process.

Visit them at: http://www.mergermarket.com

本文源自: AG游戏网站