|
|
28 Mar 2008
The latest Thomson Financial research show the amount of M&A deals announced globally plunged by 31%, to $661bn (£330bn) in the first quarter this year because of the liquidity crisis. In the UK, the total value of the deals announced fell 40%, to $47bn.
UK’s top dealmakers in the in the period were Goldmans Sach, Citigroup and Lehman Bros. They benefited from advising the Chinese on their $14bn grab of a 9% stake in mining giant Rio Tinto, The Daily Telegraph reports.
Thomson's research shows global buyout activity reached a four-year low after six years of continuous growth.
The private equity sector in particular was hard hit by the liquidity crisis, reflected in a 77% slump in the value of deals announced around the world in the first three months, to just $43.5bn.
Further reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment