M&A Sees More For Less

Apr 1, 2011

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 year’s $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 year’s 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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