Not one to mince words, KPS Capital's Michael Psaros offers a ...

51-70_Data.qxd 1/12/09 3:14 PM Page 60The Spectrum of DealmakingM&A Completions by Industry — 2008U.S. Acq. U.S. Non-U.S. Acq. U.S. U.S. Acq. Non-U.S. TotalNo. of Value No. of Value No. of Value No. of ValueIndustry* Deals ($mil) Deals ($mil) Deals ($mil) Deals ($mil)Food and Kindred Products 90 31,448.6 26 64,729.5 46 5,579.2 162 101,757.3Health Services 238 8,153.5 18 640.5 17 1,382.1 273 10,176.3Holding Companies, Except Banks 11 1,134.5 3 69.0 4 93.9 18 1,297.4Hotels and Casinos 55 30,691.8 11 2,425.6 6 .0 72 33,117.4Insurance 240 17,644.4 23 15,193.0 21 3,180.7 284 36,018.1Investment & Commodity Firms/Dealers/Exch. 152 26,151.5 41 17,269.0 53 11,018.3 246 54,438.8Leather and Leather Products 3 15.0 1 10.8 4 .0 8 25.8Legal Services 17 173.3 1 .0 2 .0 20 173.3Machinery 117 20,266.4 47 2,003.6 60 5,211.5 224 27,481.5Measuring, Medical, Photo Equipment; Clocks 130 13,575.7 51 27,345.2 61 2,777.6 242 43,698.5Metal and Metal Products 118 9,754.0 54 11,461.1 29 460.2 201 21,675.3Mining 38 2,217.4 27 2,529.4 29 2,591.7 94 7,338.5Miscellaneous Manufacturing 36 1,601.2 4 188.5 13 579.2 53 2,368.9Miscellaneous Retail Trade 114 4,528.2 15 15.0 16 2,373.6 145 6,916.8Miscellaneous Services 9 .0 1 .0 3 .0 13 0.0Motion Picture Production and Distribution 29 1,419.8 6 185.4 9 104.5 44 1,709.7Oil and Gas; Petroleum Refining 172 29,843.0 44 9,825.1 24 13,621.9 240 53,290.0Other Financial 12 905.2 1 117.0 3 .0 16 1,022.2Paper and Allied Products 30 9,903.3 8 2,908.2 10 11.8 48 12,823.3Personal Services 21 687.1 3 .0 2 10.3 26 697.4Prepackaged Software 476 22,995.9 91 17,563.7 120 12,934.7 687 53,494.3Printing, Publishing, and Allied Services 88 2,053.5 12 202.5 10 196.0 110 2,452.0Public Administration 8 118.2 - - - - 8 118.2Radio and Television Broadcasting Stations 56 40,751.5 5 724.3 14 3,221.0 75 44,696.8Real Estate; Mortgage Bankers and Brokers 153 21,849.6 35 4,633.0 37 13,389.0 225 39,871.6Repair Services 38 315.4 4 .0 5 .0 47 315.4Retail Trade-Eating and Drinking Places 52 3,494.8 4 .0 8 .0 64 3,494.8Retail Trade-Food Stores 24 226.7 4 160.0 5 403.0 33 789.7Retail Trade-General Merchandise & Apparel 18 220.6 3 24.5 8 82.1 29 327.2Retail Trade-Home Furnishings 14 305.6 2 .0 5 743.0 21 1,048.6Rubber and Miscellaneous Plastic Products 37 2,620.9 17 117.0 12 68.1 66 2,806.0Sanitary Services 28 13,584.8 3 .0 7 .0 38 13,584.8Savings and Loans, Mutual Savings Banks 10 6,255.7 - - - - 10 6,255.7Soaps, Cosmetics and Personal-Care Products 22 1,716.8 7 9,706.9 9 1,136.4 38 12,560.1Social Services 31 2,390.9 1 .0 - - 32 2,390.9Stone, Clay, Glass, and Concrete Products 17 .0 16 1,122.0 13 164.1 46 1,286.1Telecommunications 103 15,652.1 9 2,759.1 9 2,216.5 121 20,627.7Textile and Apparel Products 35 1,329.9 6 81.0 11 352.7 52 1,763.6Tobacco Products 2 8,310.2 1 .0 2 1,972.4 5 10,282.6Transportation and Shipping (except air) 111 2,971.8 20 659.0 25 4,181.2 156 7,812.0Transportation Equipment 48 3,449.4 15 468.1 19 394.0 82 4,311.5Wholesale Trade-Durable Goods 139 5,387.3 41 4,878.7 50 5,494.6 230 15,760.6Wholesale Trade-Nondurable Goods 92 1,989.2 10 53.3 23 671.6 125 2,714.1Wood Products, Furniture, and Fixtures 32 1,911.2 11 74.5 3 272.5 46 2,258.2*Industry is determined by the target companyValues were not disclosed for all deals60 MERGERS & ACQUISITIONS February 2009