DealZone

Keeping score: Withdrawn M&A and private equity buyouts

October 16, 2009

Highlights from the Thomson Reuters Investment Banking Scorecard:

Corporate M&A loses out …

Xstrata abandoned its $42.5 billon merger with Anglo American on Oct. 15, making it the largest withdrawn transaction this year. Withdrawn M&A has reached $205 billon so far in 2009.

The banks advising both parties would have earned an estimated $150.7 millon if the transaction had gone through. Deutsche, Lazard and UBS each lose a place in the global M&A rankings, falling to sixth, eighth and ninth, respectively, due to the failure. In Europe, Goldman Sachs loses the top spot, falling to third, while Normura drops out of the top 25 from 12th spot.

Morgan Stanley and Credit Suisse take first and second position in the year to date European rankings.

… but private equity scores a hit:

CVC Capital Partners agreed to acquire the Central European operations of Anheuser-Busch Inbev for $3 billion, in a leveraged buyout transaction on Oct. 15.

This is the second largest European private equity backed M&A deal year-to-date, bringing the total value of private equity activity to $23 billion so far this year.

Comments
One comment so far | RSS Comments RSS

This is the second largest European private equity backed M&A deal year-to-date

 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/