M&A Sees More For Less
In the year through February 23, a total of 212 M&A deals worth $18.7 billion was reported, according to Dealogic.
The number of deals is
higher than the 206 deals done as of the same date in 2010, but
the value pales against last years $65.8 billion in
volume in the corresponding period, Dealogic data show.
The M&A wallet also
contracted, but not by as much. In the year to February 23,
banks made $61 million in fees, down from $103 million from
M&A in the corresponding period of 2010.
Leading this years
field, Ashmore Energy International (AEI) announced the sale of
10 operating companies to nine acquirers in a $4.8 billion
trade that represented 80% of its assets. Goldman Sachs and
Itaú had been advising the Houston-based energy company
on its asset divestiture, which included companies in Brazil,
Argentina, and Chile.
The largest component of the...
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