It’s hard to hide from the numbers.
Buyout volume has dropped 53 percent this year to $26.0 billion, down from $55.1 billion a year ago, according to research firm Dealogic. Financial sponsor deals accounted for 7 percent of total M&A volume this year, down from 11 percent a year ago.
The mega-deals have evaporated. Deals over $1 billion have seen the largest decrease, with only five deals of that size this year, compared with 17 deals in the same period last year, Dealogic said.
Merrill Lynch has some buyout bragging rights. It has been the top adviser for buyout activity this year with $6.8 billion in deals, followed by JP Morgan with $5.4 billion in deals and Goldman Sachs with $4.2 billion in deals, Dealogic said.
(PHOTO: Reuters)
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