NEW YORK, NY, September 07, 2010 (Press-News.org) Deal flow in the first two quarters of 2010 suggests the North American M&A market is beginning to stabilize after years of extreme volatility. Deal Drivers North America H1 2010, a comprehensive review of M&A activity across the US, Canada and Latin America, identifies strong private equity exit activity and heightened competition among strategic and financial buyers as signs of improved market sentiment. The report also cites sector-specific regulatory developments and a pipeline of lucrative deals as two of the many factors driving increased M&A through the second half of 2010.
The first half of 2010 saw 1,701 deals worth US$362.3bn, with volume remaining virtually stable against the previous half-year and value increasing by 8.7%. Private equity exit activity was particularly strong in H1 2010 with 249 exits worth a combined US$41.6bn, compared to 337 exits worth US$35bn in all of 2009.
"Our clients' earnings in general were stronger, in some cases much stronger," says Robert Winborne, Managing Director of US-based law firm Brookwood Associates. "Most importantly, however, cash flow lending revived, allowing private equity firms to return as meaningful buyers."
The TMT sector is leading M&A activity in terms of volume, generating approximately one-fifth of all deals announced in H1 2010, with technology companies' appetite for digital assets and media companies' ongoing restructuring efforts contributing heavily to deal volume during this period.
"There's an upward trend in long term optimism. Banks are in the business of lending and there are some good opportunities emerging," said Frank Arnone, Partner at Canada-based law firm Blake, Cassels & Graydon LLP.
Asset sales from AIG, Bank of America Corporation and Citigroup boosted deal volume and value in the Financial Services sector in the first two quarters, as did consolidation of community banks across the US. Regional banking M&A has continued into the third quarter, as have asset sales, spin-offs and divestitures of larger banks' non-core operations, suggesting Financial Services will see a steady rise in deal flow through H2 2010.
"We have seen the most active six months of M&A activity in recent years which leads us to believe that the remainder of 2010 will continue to be a busy year for companies looking to acquire or sell," said Richard A. Martin Jr. Senior Director of Merrill DataSite .
The report, available for download here, provides an in-depth analysis of M&A activity in North America during H1 2010, as well as sector-specific predictions for H2 2010.
Other key highlights from the report include:
• Dealmaking in the Energy, Mining, Oil & Gas sector has been extensive, representing approximately one-third of aggregate deal value in H1 2010. The Energy sector features a strong pipeline of deals with the influx of Asian buyers into Canada and the aftermath of the Gulf of Mexico oil spill serving as key drivers.
• Private equity buyout activity is positioned for an increase, with 275 deals worth US$37.1bn in H1 2010 against 474 deals worth US$50.1bn in all of 2009.
• Goldman Sachs tops the league tables as the most active financial advisor of the half-year in terms of both volume and value, working on 89 transactions worth US$142.3bn. Simpson Thacher & Bartlett and DLA Piper were the most active legal advisors in terms of value and volume, respectively.
The full report is available for download here.
Please find below an illustration of expected M&A activity for H2 2010 broken down into sectors, as well as a breakdown of top 20 deals announced in H1 2010.
About Merrill DataSite
Merrill DataSite is a secure virtual data room (VDR) solution that optimizes the due diligence process by providing a highly efficient and secure method for sharing key business information between multiple parties. Merrill DataSite provides unlimited access for users worldwide, as well as real-time activity reports, site-wide search at the document level, enhanced communications through the Q&A feature and superior project management service - all of which help reduce transaction time and expense. Merrill DataSite's multilingual support staff is available from anywhere in the world, 24/7, and can have your VDR up and running with thousands of pages loaded within 24 hours or less.
With its deep roots in transaction and compliance services, Merrill Corporation has a cultural, organization-wide discipline in the management and processing of confidential content. Merrill Da taSite is the first VDR provider to understand customer and industry needs by earning an ISO/IEC 27001:2005 certificate of registration - the highest standard for information security - and is currently the world's only VDR certified for operations in the United States, Europe and Asia. Merrill DataSite's ISO certification is available for review at http://www.datasite.com/security.htm.
As the leading provider of VDR solutions, Merrill DataSite has empowered nearly 2 million unique visitors to perform electronic due diligence on thousands of transaction totalling trillions of dollars in asset value. Merrill DataSite VDR solution has become an essential tool in an efficient and legally defensible process for completing multiple types of financial transactions. Learn more by visiting http://www.datasite.com today
Mergermarket and Merrill DataSite publish Deal Drivers North America H1 2010
Growth in North American M&A market predicted as confidence and competition return
2010-09-07
ELSE PRESS RELEASES FROM THIS DATE:
Pennam one of the key organizers of the inaugural Sci-Tech Forum of TANA
2010-09-07
Sudhakar Pennam is an active member of the Telugu Association of North America (TANA), one of the largest Indo-America national-level organizations,
with over 32,000 members across the USA and Canada. The organization was
formed to promote and sustain the cultural heritage of the Telugu-speaking
people in North America.
TANA in collaboration with several key business organizations is launching an initiative
for the Indian Diaspora in Dallas - a forum on Science & Technology. It is a free
networking platform where key trends, issues, challenges and opportunities ...
Educational Forum 2010 Seeks Vendors for Top Cosmetology Students Competition
2010-09-07
Registration for vendors, exhibitors and leaders in the beauty industry is now being accepted for the cosmetology studentâEUR s Educational Forum 2010, scheduled Oct. 24 and 25 in Fort Worth, Texas.
Vendor participation is limited and conducted on a first-come, first-served basis. Registration and information is available online at http://www.eduforum2010.com/.
Forum coordinators invite leading artists and industry leaders to showcase their latest trends in hair, skin and makeup, on and off stage, to some of the top cosmetology students in the U.S. On stage demonstrations ...
Easy Importing Highlights the 1099 Tax Software for 2010 by WorldSharp
2010-09-07
WorldSharp Technologies, Inc. today announced the availability of the 2010 version of WorldSharp 1099 Preparation System. It is ready to ship with the new form changes and the IRS electronic reporting and correction specifications for 2010. The system now has even easier importing capabilities. When ordered, the software can be downloaded or shipped on CD. The system is priced very competitively at $89.95 for a single user version. A 10-license version is $249.95. When talking to customers searching for 1099 software, the WorldSharp representative said that the biggest ...
Community Service 101 today announced they will be forming a partnership with Plant A Row For The Hungry and many local community service organizations to supply fresh vegetables to local food banks.
2010-09-07
CommunityService101 (CS101) is a Chicago based organization which provides volunteer management services for a variety of non-profit organizations. Their main program centers around a password protected website created to make it easier for Workers, Non-Profit Site Managers and County Employees to keep track of court ordered community service hours and also provides a platform to match meaningful projects with non-profit agencies and organizations.
Dan Myers "Community Services Manager" for CS101 announced today that the two organizations will be working together to ...
Postal Service Ups Postage Rates - Direct Mail Stands Strong
2010-09-07
Despite a recent announcement from the Postal Service that they intend to raise postage rates again, there are those in the direct mail industry remaining optimistic. The hike would take the price of a first-class stamp from 44 cents to 46 cents while also affecting all other postage rates to a similar degree.
With such a dark cloud looming over their heads, one would expect the leaders of the direct mail industry to be up in arms. For the most part, that's an accurate picture, but there is one industry heavyweight who doesn't seem concerned.
Joy Gendusa, Founder ...
Boozehound Author and WaPo Reporter Competes in Sommelier Smackdown
2010-09-07
The Wine School of Philadelphia is excited to welcome Jason Wilson to the Sommelier Smackdown, held on Wednesday, September 28th.
Jason Wilson writes about drinks for the Washington Post food section. His column won the award for Best Newspaper Food Column from the Association of Food Journalists in 2008, and he is nominated for the same award this year. Wilson founded the online arts and culture journal, TheSmartSet.com, and acts as series editor of The Best American Travel Writing, in addition to teaching at Drexel University. This year, he served as a fellow at The ...
Raising the Re-Roof with Cincinnati Commercial Contracting: Re-Roof Solutions renovates, regenerates, rejuvenates, renews and restores that metal roof - with 25-year guarantee
2010-09-07
Joe Rohs knew the project was tough, the expectations immense, and the timeline difficult.
Heading into the winter months of last year, the chief financial officer at OKI Bering, one of the world's largest independent distributors of welding, safety and industrial products, had enough with all the troublesome puddles he was seeing in the warehouse.
Rohs' biggest concern: the roof atop the sprawling, 200,000-square-foot building along Princeton-Glendale Road.
"At the time we bought the building, we did get it for a good price, because we knew it needed a new roof. ...
Emerald City Franchises Serve Healthy Smoothies and Healthy Profits
2010-09-07
Emerald City Smoothie offers customized smoothies that match each customer's nutrition goals and taste preferences. People can select incredibly delicious smoothies by health goal, taste, carb and fat content, and explore nutritional choices with products and services organized in a way that easily accommodate their goals.
"Choosing the right smoothie, supplements and services can be confusing, but our stores make choosing fun and easy," said Rich Folk, CEO of Emerald City Smoothies. "Our customers share their goals and successes regarding health, diet and exercise with ...
Innovative Product Design, Weehawken, New Jersey info@innovativeproductdesign.net
2010-09-07
After several years of product design and development, Innovative Product Design of Weehawken, New Jersey, has introduced a patented, revolutionary plastic bottle with an integrated handle that offers a truly unique and convenient design and shape that will separate itself from all the other plastic containers on the market.
It's so innovative that Beverage World magazine gave it their coveted Special Jury Award for functionality in their November 2008 issue.
Douglas Allen, President and Owner of Innovative Product Design was quoted as follows, "This unique product ...
CKD Galbraith offer grazing and arable farm with two houses
2010-09-07
An excellent grazing and arable farm with two houses, in an unspoilt rural situation in Ayrshire, Scotland is being offered for sale by CKD Galbraith.
Rarely does an opportunity arise for an enterprise such as Threave Farm, which is being marketed through leading independent property consultancy CKD Galbraith's Ayr Office. This lovely farm, set in rolling Ayrshire countryside just south of the village of Crosshill, comprises both the original farmhouse with steading, a new detached house, ancillary farm buildings and high quality farmland.
Threave Farmhouse is a substantial ...
LAST 30 PRESS RELEASES:
Reality check: making indoor smartphone-based augmented reality work
Overthinking what you said? It’s your ‘lizard brain’ talking to newer, advanced parts of your brain
Black men — including transit workers — are targets for aggression on public transportation, study shows
Troubling spike in severe pregnancy-related complications for all ages in Illinois
Alcohol use identified by UTHealth Houston researchers as most common predictor of escalated cannabis vaping among youths in Texas
Need a landing pad for helicopter parenting? Frame tasks as learning
New MUSC Hollings Cancer Center research shows how Golgi stress affects T-cells' tumor-fighting ability
#16to365: New resources for year-round activism to end gender-based violence and strengthen bodily autonomy for all
Earliest fish-trapping facility in Central America discovered in Maya lowlands
São Paulo to host School on Disordered Systems
New insights into sleep uncover key mechanisms related to cognitive function
USC announces strategic collaboration with Autobahn Labs to accelerate drug discovery
Detroit health professionals urge the community to act and address the dangers of antimicrobial resistance
3D-printing advance mitigates three defects simultaneously for failure-free metal parts
Ancient hot water on Mars points to habitable past: Curtin study
In Patagonia, more snow could protect glaciers from melt — but only if we curb greenhouse gas emissions soon
Simplicity is key to understanding and achieving goals
Caste differentiation in ants
Nutrition that aligns with guidelines during pregnancy may be associated with better infant growth outcomes, NIH study finds
New technology points to unexpected uses for snoRNA
Racial and ethnic variation in survival in early-onset colorectal cancer
Disparities by race and urbanicity in online health care facility reviews
Exploring factors affecting workers' acquisition of exercise habits using machine learning approaches
Nano-patterned copper oxide sensor for ultra-low hydrogen detection
Maintaining bridge safer; Digital sensing-based monitoring system
A novel approach for the composition design of high-entropy fluorite oxides with low thermal conductivity
A groundbreaking new approach to treating chronic abdominal pain
ECOG-ACRIN appoints seven researchers to scientific committee leadership positions
New model of neuronal circuit provides insight on eye movement
Cooking up a breakthrough: Penn engineers refine lipid nanoparticles for better mRNA therapies
[Press-News.org] Mergermarket and Merrill DataSite publish Deal Drivers North America H1 2010Growth in North American M&A market predicted as confidence and competition return