9:00 am – 4:30 pm UTC
Hotel Bayerischer Hof
In 2012 the global M&A activity by value was down 2.7 %, by number of transactions down 4.7 %. EU Eurozone deals in 2012 accounted for 13.6 % of the global M&A market, down from 16.1 %. For EU Eurozone 2012 was the worst year since 2009. Europe outside the Eurozone accounted for 17.6 % of global M&A, up from 16.4 % in 2011, the highest portion for a year since 2007.
Global PE buyouts (254.9 billion USD) had their lowest full year since 2010. The total value of global insolvency deals in 2012 was 17.3 billion USD (344 transactions), on par with the pre-crisis year 2007. Eurozone insolvencies were the second highest level by deal value since 2004, but decreased 6% compared to 2011.
One-third of the global M&A transactions were cross-border, 3% more than in 2011. Excluding other parts of the world, 40% of cross-border deal targets were in the US, 40 % in Europe and 20 % in the Asian market.*
What the market participants felt is confirmed by the 2012 statistics. The Euro Crisis and the continued Eurozone Sovereign Debt Crisis impaired the entrepreneurial spirit within Europe. Buyers remained hesitant. Sellers sold slowly or not at all. What should they do in a market in which interest rates are close to zero? Maybe it is better to stay entrepreneurial than to become an asset manager in these times?
How is 2013 developing? Is optimism coming back to the US? To Europe? Has the market accepted the high level of sovereign debt in Southern European as a given for the foreseeable future?
A panel of investment bankers and corporate finance advisors will introduce the M&A market 2013 as is, and legal counsel and professionals will discuss current trends in regulatory areas and explain how value can be created in distressed situations.
- Central Banks: Exits, Entries and the Implications for Economies and Capital Markets
- Cross-Border M&A Market, Overview and Trends
- Critical Cross-Border Regulatory Issues, Antitrust, Compliance, FCPA
- Critical Deal Points from the European and US Perspective
- Value Creation through M&A in Distressed Situations