Press Release - Mergermarket

Global M&A Overview: Mid-market M&A Activity (US$ 250m to US$ 2bn)
The global mid-market saw the announcement of US$ 165bn-worth of M&A deals in Q4 2011, bringing the total
deal value for the year to US$ 788.9bn. The quarter’s total was 34.1% lower than the same period in 2010 (US$
250.5bn in Q4 2010), and 20.3% lower than the previous quarter (US$ 207.1bn in Q3 2011). The second half of 2011
saw a decrease of 10.7% compared to the first, and the total value of mid-market M&A in 2011 decreased by 0.3%
compared to 2010, although it was 61.9% higher than the total for 2009.
All regions saw a decrease in mid-market M&A in Q4 2011 compared with the previous quarter. Africa & the Middle
East and the Central & South America regions saw the largest decreases with the announcement of mid-market
deals adding up to US$ 4.1bn and US$ 9.7bn respectively, a 42.1% decrease for Africa & and the Middle East (US$
7.2bn in Q3 2011) and a 38.3% decrease for Central & South America (US$ 15.6bn in Q3 2011). All regions also saw
a lower total value of mid-market M&A for Q4 2011 than in the same period the previous year, with the exception
of Japan, which saw US$ 4.4bn worth of deals in Q4 2011, a 15.3% increase compared to Q4 2010 (US$ 3.8bn).
Energy, Mining & Utilities was the most active sector in the global mid-market in 2011, accounting for 23.2% of all
mid-market activity. The Leisure sector saw the biggest increase in mid-market activity with US$ 25.9bn-worth of
deals announced in 2011, 61% higher than in 2010 (US$ 16.1bn). The Telecommunications and Agriculture sectors
showed a 56% decrease from 2010 with US$ 20.1bn and US$ 3.5bn respectively, down from US$ 45.6bn and US$
7.8bn in 2010.
Goldman Sachs topped the mid-market financial advisor league tables with US$ 127.2bn-worth of deals,
maintaining its lead from 2010. With a 13.7% decrease in the value of deals worked on compared to the previous
year (down to US$ 89.2bn from US$ 103.3bn), Morgan Stanley was in second place – also maintaining its position
from 2010.
Global Mid-Market Financial Adviser League Tables Y/E 2011: Value
Ranking 2011 2010
Company
Value Deal
Value % Val.
Y/E 2011 Y/E 2010 Name
(US$bn) Count (US$bn) Change
1 1 Goldman Sachs 127.2 156 126.1 0.9%
2 2 Morgan Stanley 89.2 111 103.3 -13.7%
3 4 JPMorgan 81.3 114 93.5 -13.0%
4 3 Credit Suisse 80.4 106 96.0 -16.3%
5 5 Bank of America Merrill Lynch 79.5 111 75.7 5.0%
6 7 Deutsche Bank 72.0 89 70.7 1.7%
7 6 UBS Investment Bank 71.5 89 73.6 -2.9%
8 9 Citigroup 63.7 87 60.7 5.0%
9 8 Barclays Capital 55.2 71 68.8 -19.7%
10 10 Rothschild 54.0 79 51.8 4.3%
Value of Deals ($bn)
350
300
250
200
150
100
50
0
RoW M&A
Asia-Pacific ex Jp Mid-Market M&A
US Mid-Market M&A
European Mid-Market M&A
% of Global M&A
Industrials & Chemicals
15.6%
Global Mid-Market M&A Activity - Quarterly
Mid Market M&A Industry Breakdown 2011 - Value
Press Release: mergermarket M&A Round-up for Year End 2011
6
www.mergermarket.com
Consumer
10.8%
Financial Services
12.9%
Pharma, Medical & Biotech
6.7%
Energy, Mining & Utilities
23.2%
Technology
7.8%
Business Services
6.1%
Media
2.3%
Transport
2.8%
Real Estate
3.5%
Leisure
3.3%
Telecommunications
2.5%
Construction
1.5%
Agriculture
0.4%
Defence
0.5%
50.0%
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
% of Global M&A