BusinessCompany NewsM&As plunge to four-year low

M&As plunge to four-year low

The latest figures on global dealmaking reveal the credit crisis has strangled M&A activity in the first quarter

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:

Read
story in The Daily Telegraph

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