Thursday, September 27, 2007

New world record for M&A, but private equity starts to pay

September 26 - Finance Week - M&A activity, in Europe and globally, is set to break last year’s record despite the prospect of a slower fourth quarter. Cash-rich corporates have stepped in as bidders to replace the credit-strained private equity forms – and investment banks enjoy continued fee growth whether the deals stand or fall.

Merger and acquisition deals reached a new record value of $1,800 bn in the first nine months of 2007, 12% up from last year’s record total, according to preliminary data assembled by Thomson Financial. Global deals are up even more strongly, by 37% year-on-year to over $3,500bn. Read More.

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