2009年12月16日星期三

Association for Corporate Growth Chicago (ACG Chicago) - ACG/Thomson Year-End 2007 DealMakers Survey Finds Midwest Merger Pros Still Positive

Store this angel in big sizeCHICAGO, December 17, 2007 – 2007 will go down in the books as a almanac year in common mergers and acquisitions, and civic about three-quarters of alliance professionals accept a absolute appearance of the accepted M&A environment. The Chicago professionals are even added absolute with 86 percent analytic advanced to a acceptable or accomplished 2008, according to the ACG/Thomson DealMakers Survey.

This able percent is a bead from 97 percent in June 2007 but is the arch arena in the country. It is conceivably best depicted by Jim McNair, Senior Managing Director of Corinthian Capital and Executive Vice President of ACG Chicago who said, “I am as absolute as I accept been for 24 years in my across of the average market.”

Nationwide dealmakers ahead beneath buyouts in the next six months (76%), and added afflicted deals (100%). However, 81 percent say they are not modifying their investment strategy. “The acclaim bazaar is added able-bodied for the abate average bazaar deals,” acclaimed David Gezon, Senior Managing Director at Midwest Mezzanine Funds, “and while abounding anticipate of baby bounded firms in the ambition bazaar we apprehend that backbone to abide active bounded and civic advance through firms amid above the country.”

Chicago investment professionals are aswell added analytic at cross-border deals, according to analysis results. While 41 percent of respondents accept not done a cross-border transaction in the endure year, 68 percent accept that they will be accomplishing a cross-border accord in the next six months, with 29 percent adage it is somewhat likely, and 39 percent adage it is actual likely. Western Europe (78%), Canada (64%), China (50%), and are the areas in which they are a lot of acceptable be involved.

“The absolute appearance of M&A action and the proactive ability into the all-around markets abide to appearance the backbone of the average markets served by the Chicago professionals” said Craig Miller, CEO of ACG Chicago. “In the endure few months, the subprime mortgage acclaim crisis has acutely had an appulse on dealmakers’ affect but this is accepting a greater affect on beyond sized buyouts that activated amalgamated debt for leverage.”

Miller continued, “Our anniversary October clandestine disinterestedness appointment drew almanac appearance of over 1,400 with abundant accord activity. Middle bazaar buyouts, which await added on accord lending, are closing at a abiding clip while attention is in the air. Just a few weeks ago our adventure appointment was awash out with abounding of the avant-garde new opportunities scheduling due activity by the end of the day. With Chicago acutely accustomed as a all-around business center, our dealmakers abide to aggrandize their ability and networks globally to crop advantage of investment opportunities alfresco of the U.S. as able-bodied as alive with adopted entities back the anemic dollar is starting to allure non-U.S. investors. All in all, cardinal M&A and clandestine disinterestedness looks to abide a active disciplinarian of the Chicago region.”

The ACG/Thomson DealMakers Survey, completed alert annual by the Association for Corporate Growth (ACG) and Thomson Financial, polled 813 investment bankers, clandestine disinterestedness professionals, accumulated development officers, as able-bodied as lawyers, accountants, consultants and added account providers complex in the accord abridgement in November 2007. 71 respondents were from Chicago.

Through mid-December, worldwide-announced M&A action burst all antecedent annal to ability US$4.35 trillion, a 20 percent access over endure year’s almanac year, according to Thomson Financial. However, as all-around bazaar altitude worsened in the additional bisected of the year, M&A saw a 30 percent abatement from the record-breaking aboriginal half. Cross-border M&A action contributed to abundant of this year’s volume, accounting for a almanac 47 percent of appear deals this year.

“The top amount of optimism that characterized the clandestine disinterestedness buyout bazaar at the alpha of the year has been replaced by a abundant accord of attention at the end of 2007,” according to Robert Keiser, Vice President/ Proprietary Research at Thomson Financial.

Private disinterestedness buyout action accounted for as abundant as 41 percent of absolute appear US M&A action as of the aboriginal anniversary of July according to abstracts aggregate by Thomson Financial, but has alone averaged about 15 percent of account appear M&A over the additional bisected of this year. “This acutely portrays how damaging the credit-crunch has been to the business archetypal of clandestine disinterestedness firms, and abnormally the firms that specialize in the larger, alleged mega-deals,” said Kaiser. “The admeasurement that clandestine disinterestedness assembly abide carefully optimistic about the accord authoritative ambiance branch into 2008 can be explained by the actuality that the all-inclusive majority of buyouts are categorized as abate to middle-market sized deals, which abide to be appear at the lower end of what is historically advised a accustomed run-rate for appear deals.”

The analysis credibility to added of a antithesis of ability amid buyers and sellers of companies. In the new survey, 33 percent of Chicago dealmakers say it is a Buyer’s market, 36 percent say it is a Seller’s market, 30 percent are not sure.

Sixty-three percent of clandestine disinterestedness professionals say the aggregate of clandestine disinterestedness basic accessible for investment is either abundant too top (36%) or a little college than it should be (27%). Not surprisingly, clandestine disinterestedness firms analyze the greatest threats to their industry as the acclaim crisis (45%), and antagonism with added clandestine disinterestedness firms (20%).

More than bisected (52%) of dealmakers say the debt markets will be abundant bigger (25%) or a little bigger (15%) one year from now, while 15 percent say they will be the same, 40 percent say they will be a little worse.

Survey Methodology
The survey, conducted in November 2007, was completed by 813 ACG associates and Thomson Financial customers, including 71 from Chicago. Chicago respondents were comprised of clandestine equity, adventure basic and buyout close associates (21%); investment bankers, intermediaries, brokers (23%); lenders, accounts providers (17%); accumulated professionals, entrepreneurs (10%); and account providers, such as lawyers, conditioning specialists, accountants and consultants (30%).

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Jason Abrahams
KemperLesnik
312-755-3533
jason.abrahams@kemperlesnik.com

About ACG Chicago
ACG Chicago is Northern Illinois' arch affiliation for accumulated development, investment, and alliance and accretion professionals. A baton in the Association for Corporate Growth (ACG) all-around network, ACG Chicago boasts a associates of about 1000 foremost authorities who anatomy a assorted and abreast arrangement of accumulated executives, basic sources, accumulated admiral and account providers that all allotment a able charge to administration in the acreage of cardinal accumulated growth. ACG Chicago, almsman of the 2006-2007 Outstanding Chapter Programming Award, provides its associates with able and business opportunities as able-bodied as the a lot of accepted advice through its advancing bologna series, breakfast seminars, bounded conferences, all-embracing publications and amusing events. For added advice amuse appointment www.acgchicago.com.

About ACG
Founded in 1954, the Association for Corporate Growth (ACG) is a all-around affiliation for professionals complex in accumulated growth, accumulated development, and mergers and acquisitions. Today ACG stands at added than 11,000 associates from corporations, clandestine equity, finance, and able account firms apery Fortune 1000, FTSE 100, and mid-market companies in 53 capacity in North America and Europe.

About Thomson Financial
Thomson Financial, with 2006 revenues of US$2 billion, is a provider of advice and technology solutions to the common banking community. Through the widest ambit of articles and casework in the industry, Thomson Financial helps audience in added than 70 countries accomplish bigger decisions, be added advantageous and accomplish above results. Thomson Financial is allotment of The Thomson Corporation (www.thomson.com), a all-around baton in accouterment capital cyberbanking workflow solutions to business and able customers. With operational address in Stamford, Conn., Thomson provides value-added information, software accoutrement and applications to professionals in the fields of law, tax, accounting, banking services, accurate analysis and healthcare. The Corporation’s accepted shares are listed on the New York and Toronto banal exchanges (NYSE: TOC; TSX: TOC).

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