Press Release - Mergermarket

Global M&A Overview: Deal Type / Deal Value Breakdown
Deal Type
The total value of public M&A deals announced globally in 2011 was US$ 900.5bn, up 16.5% from 2010 (US$
773.1bn).
Fewer hostile offers were announced in 2011 than in the previous year, with 38 hostile deals valued at US$ 61bn.
Compared to 2010, which saw 43 deals valued at US$ 97.1bn, hostile offers decreased 37.1% by deal value and
11.6% by deal count.
Hostile offers accounted for 6.8% of the total value of all public M&A deals in 2011, just over half of the proportion
for the previous year. In 2010 hostile offers had accounted for 12.6% of public M&A deal values (which was the
average proportion of public deals accounted for by hostile offers since 2004).
2011 was one of the least hostile periods in the past seven years by deal value, with only 2007 seeing hostile deals
accounting for a lower proportion of public deals (5.3%).
Hostile offers also accounted for 49.8% of global unsolicited offers in 2011 by value, with 32 deals valued at US$
54.5bn. The proportion of unsolicited offers that were hostile in 2011 decreased 8.6% compared to 2010, when 35
hostile deals valued at US$ 82.5bn represented 53% of unsolicited offers.
Deal Value Breakdown
Mega-deals (over US$ 10bn) accounted for 15.5% of the value of global M&A announced in 2011, with a total of
US$ 334.2bn, just topping the total for 2010 (US$ 333.1bn).
Deals valued between US$ 2bn and US$ 10bn added up to US$ 733.9bn, accounting for 34% of global M&A
announced in 2011, the highest proportion for this deal size range on mergermarket record (since 2001).
In the last quarter of the year, deals valued between US$ 2bn and US$ 10bn dominated, accounting for 35.1% of
total deal value, having represented 26% of total deal value in the previous quarter.
The global average deal size for Q4 2011 was US$ 291m, the lowest Q4 average since 2007 (US$ 277m).
Share of total Global M&A - Deal Values
100%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
0%
54.5%
1.7%
6.0%
37.7%
48.1%
6.6%
4.1% 10.1%
41.2%
43.6%
8.6%
37.7%
M&A Deal Type - Deal Value
49.7%
1.4%
2.7%
46.2%
54.9%
2.4%
10.9%
31.7%
61.3%
0.5%
5.0%
33.2%
67.1%
1.2%
4.1%
27.5%
2004 2005 2006 2007 2008 2009 2010 2011
21.9%
25.5%
24.5%
28.0%
24.5%
30.0%
22.0%
23.5%
Recommended Hostile Contested Non-public M&A
Global M&A Deal Size Breakdown - % by Deal Value
31.9%
27.3%
20.8%
26.8%
29.8%
20.0% 20.4%
29.4% 29.6%
27.9% 27.5%
23.0% 19.3% 20.5%
60.5%
0.7%
2.7%
36.2%
15.7% 15.5%
32.6% 34.1%
27.7% 26.0%
23.4% 22.4% 24.0% 24.3%
2004 2005 2006 2007 2008 2009 2010 2011
$0m - $500m $501m - $2,000m $2,001 - $10,000m mega deals (over $10,001m)
Press Release: mergermarket M&A Round-up for Year End 2011
11
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