In January 2010, the British M&A magazine CorporateINTL (http://www.corp-intl.com/) interviewed experienced German M&A advisers concerning the current climate for Mergers & Acquisitions in Germany. This interview has been published only recently in the February 2010 edition of CorporateINTL on p. 26 f.
The interview was conducted nearly one year after CorporateINTL's "Cross-border Advisory Experts" feature, which was published in the June 2009 edition on p. 42 f. All of CorporateINTL's questions and my answers - published as well as not published by CorporateINTL - of this 2009 interview are published on my Martindale Hubbell site.
The new 2010 interview, which gives an interesting update of the M&A situation in Germany, can be downloaded on my Brainguide site as well as the former 2009 interview. The entire February 2010 edition of the CorporateINTL can be accessed online here.
Tuesday 9 March 2010
Saturday 6 March 2010
Survey of European Companies' M&A plans for 2010 conducted by UBS and The Boston Consulting Group
In December 2009, UBS and The Boston Consulting Group conducted a survey of the M&A plans which the 160 biggest listed European companies have for 2010.
According to this study confidence is returning to the European M&A market, with a significant proportion of companies planning a major deal in 2010. Yet, ongoing uncertainties about the economic outlook and sustainable levels of profitablity are likely to lead to smaller, lower-risk consolidation deals than before and might deter some companies from entering the M&A market, the survey says.
While the reluctance of more cautious companies to do a deal will prevent the upswing in M&A activity from reaching its full potential, it will also create significant opportunities for companies that are willing and able to make an acquisition before the competition intensifies and prices for targets rise. Conversely, companies that sit on the sidelines risk being left behind if economic confidence rebounds and M&A lifts off in a major way.
A .pdf-file of the survey can be downloaded at:
http://209.83.147.85/publications/files/BCG_MA_Ready_for_Liftoff_Dec_2009.pdf
According to this study confidence is returning to the European M&A market, with a significant proportion of companies planning a major deal in 2010. Yet, ongoing uncertainties about the economic outlook and sustainable levels of profitablity are likely to lead to smaller, lower-risk consolidation deals than before and might deter some companies from entering the M&A market, the survey says.
While the reluctance of more cautious companies to do a deal will prevent the upswing in M&A activity from reaching its full potential, it will also create significant opportunities for companies that are willing and able to make an acquisition before the competition intensifies and prices for targets rise. Conversely, companies that sit on the sidelines risk being left behind if economic confidence rebounds and M&A lifts off in a major way.
A .pdf-file of the survey can be downloaded at:
http://209.83.147.85/publications/files/BCG_MA_Ready_for_Liftoff_Dec_2009.pdf
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