What’s happening in the world of M&as and IPos?
over recent months there has still been activity in the M&a and IPo worlds, although it has not quite been the surge that some predicted.
The latest report from Robert W. Baird, the May issue of Global M&A Monthly, states that the ‘anticipated breakout in global M&A activity has yet to materialize’, and that ‘through April, the global M&A deal count was 5.4% below the prior-year level’. Taking a look at the US, Baird’s report states that although the number of deals increased by 6.2% to 989, the announced dollar volume decreased for the sixth consecutive month, the total of $91.1 billion (-10.7%). This was the highest level since July 2011.
For Europe, Baird’s report states that ‘the number of transactions declined 22.9% to 706, the lowest total since August 2009’, and for Asia, excluding Japan, the ‘transaction count dropped 25.6% to 381, the second-lowest total in the past year’.
The deals reported in this month’s issue of Lawyer Monthly are varied and once again span a wide spectrum in terms of both industry and value. Featured deals this month include Hobbico’s acquisition of Revell Deutschland Holding GmbH from RG Intermediate Holdings, and Couche-Tard Inc’s acquisition of Statoil Fuel and Retail for $2.8 billion.
With the global M&A market seemingly experiencing a somewhat stagnant period, as we sit at the halfway point of 2012, all we can do is watch and wait to see what the rest of the year holds for this type of activity across the world.