M&A outlook bleak after credit crunch

Dealmakers, who have enjoyed an unprecedented deal boom over the past three
years, are facing an uncertain future as the funding for deals dries up
following the credit crunch that hit markets.

Thomson Financial figures show that by the end of July, European M&A had
reached $1.2bn (£604m), more than the whole of 2006, but with the US sub-prime
crisis hitting global equity markets, corporate financiers have become very

‘The irrational behaviour in the credit markets is being driven by
uncertainty,’ Tom Cooper, head of European M &A at UBS, told the
. ‘The underlying causes are not very clear and it is impossible to
assess the full consequences at this stage.’

Further reading:

SEC probes sub-prime links after stock market

Leveraged buy-outs at risk of collapse

Related reading

PwC office 2