Dublin, Ireland, 15th October 2010 - Experian®, the global information services company, today released its latest M&A (mergers and acquisitions) and ECM (flotations, rights issues and placements) data covering Q3 2010 for the Republic of Ireland.
Republic of Ireland
•During Q3 2010 there were 49 transactions announced in the Republic of Ireland, a 30% decline compared to the same period in 2009, which saw a total of 70 deals recorded.
•The value of transactions in the Republic of Ireland during Q3 however, at €5.85m, was up 53.5%.on the same period in 2009, where €3.81billion worth of deals was announced.
•Compared to the previous quarter (Q2 2010) when a total of 57 deals worth €9.17billion were recorded, Q3 2010 results are a 14% fall in volume and a 36.2% fall in value.
Northern Ireland
•During Q3 2010 there were 6 deals announced in Northern Ireland, a 45.5% decline compared to the same period last year, which saw a total of 11 deals announced.
The European Picture
•Europe saw a 25.1% decrease in the number of European M&A and ECM transactions announced during Q3 2010 with only 2,140 deals compared to 2,858 transactions in Q3 2009.
•Value however increased by 4.16% from €181.23bn in Q3 2009 to €188.76billion in Q3 2010.
•The change from Q2 2010 revealed a 25% fall from 2,853 transactions and a 3.4% fall from the €195.39billion recorded.
Jim Kennedy, Head of Operations at Experian Ireland said: “It is clear that deal activity has stabilized in the last quarter. Deals tend to slow down during Q3 of any year, so quarter on quarter figures reflect a seasonal decline. However, the year on year view reveals that while there was a decline in the volume of M&A and ECM activity overall, the value of the deals increased substantially. Although the volume of deals in the Republic fell since last year, we fared significantly better than our counterparts in Europe in terms of value.”
Irish deal sizes
Large deals (€100million*)
•Eight deals with a value of over €100million were announced in Q3 2010 worth a total of €5.48billion, so both volume and value were up in comparison with the same period in 2009, where six deals worth an aggregate €3.12billion were recorded.
•Compared to Q2 2010, the volume of large deals remained static at eight deals, but their value declined by 37.9% from €8.83billion.
Mid-market deals (€10-€100million*)
•There were 9 mid-market transactions announced in the quarter, down, by 35.7% compared to the same period during 2009 when 14 deals were announced.
•These transactions were worth €328.4million, down 48% on the €631.4million worth of deals announced in Q3 2009.
•Compared to Q2 2010 when 7 deals worth €278.1million were announced, the volume of transactions was up by 28.6% and the value was also up by 18.1%.
Small deals (under €10m*)
•Activity in the small sector revealed 13 small transactions worth €39.3million - a fall in terms of both volume and value compared to Q3 2009 when there were 17 announced transactions worth €57.1million aggregate.
•In comparison to Q2 2010 when 14 deals worth €58.1million were announced, Q3 2010 represented a marked decline.
Table 1: Financial advisor deal activities in the Republic of Ireland Q3 2010
Deals announced by volume |
Deals announced by value (€m) | ||||
DealsQ3 2010 |
Financial advisor |
Rank Q2 2010 |
DealsQ3 2010 |
Financial advisor |
Rank Q2 2010 |
3 |
DAVY CORPORATE FINANCE |
2 |
3104.6 |
AIB CORPORATE FINANCE |
- |
2 |
AIB CORPORATE FINANCE |
- |
3104.6 |
NOMURA INTERNATIONAL PLC |
- |
2 |
NOMURA INTERNATIONAL PLC |
- |
2954.6 |
BANK OF AMERICA MERRILL LYNCH |
- |
1 |
BANK OF AMERICA MERRILL LYNCH |
- |
1252.1 |
GREENHILL & CO |
- |
1 |
GREENHILL & CO |
- |
1252.1 |
IBI CORPORATE FINANCE LTD |
4 |
1 |
IBI CORPORATE FINANCE LTD |
1 |
1252.1 |
ROTHSCHILD |
2 |
1 |
ROTHSCHILD |
4 |
439.3 |
CREDIT SUISSE |
6 |
1 |
CREDIT SUISSE |
9 |
439.3 |
DEUTSCHE BANK AG |
7 |
1 |
DEUTSCHE BANK AG |
10 |
150.0 |
MORGAN STANLEY |
- |
1 |
MORGAN STANLEY |
- |
64.9 |
PRICEWATERHOUSECOOPERS |
- |
Table 2: Legal advisor deal activities in the Republic of Ireland Q3 2010
Deals announced by volume |
Deals announced by value (€m) | ||||
DealsQ3 2010 |
Legal advisor |
Rank Q2 2010 |
DealsQ3 2010 |
Legal advisor |
Rank Q2 2010 |
4 |
MATHESON ORMSBY PRENTICE |
1 |
4206.7 |
LINKLATERS |
10 |
3 |
DLA PIPER |
- |
1423.0 |
DLA PIPER |
- |
2 |
LINKLATERS |
5 |
1317.0 |
WILLIAM FRY |
- |
2 |
WILLIAM FRY |
6 |
1252.1 |
CMS |
- |
2 |
MCCANN FITZGERALD |
- |
1252.1 |
SLAUGHTER AND MAY |
- |
2 |
A & L GOODBODY |
7 |
1252.1 |
TUGHANS |
- |
1 |
CMS |
- |
439.3 |
CRAVATH SWAINE & MOORE |
- |
1 |
SLAUGHTER AND MAY |
- |
439.3 |
KIRKLAND & ELLIS LLP |
- |
1 |
TUGHANS |
- |
439.3 |
MASON HAYES & CURRAN |
- |
1 |
CRAVATH SWAINE & MOORE |
- |
439.3 |
MCCANN FITZGERALD |
- |
Table 3: Comparison of regional deal activities Q3 2010
Region |
Volume of deals announced |
Value of deals announced (£m) | ||
|
Q3 2010 |
Q2 2010 |
Q3 2010 |
Q2 2010 |
Greater London |
272 |
313 |
£30,098 |
£40,975 |
South East |
75 |
131 |
£10,380 |
£4,361 |
South West |
117 |
163 |
£2,428 |
£13,742 |
East Anglia |
27 |
57 |
£84.77 |
£527 |
Midlands |
100 |
154 |
£1,677 |
£1,470 |
Yorkshire |
59 |
78 |
£715 |
£1,908 |
North West |
111 |
141 |
£1,889 |
£1,447 |
North East |
30 |
42 |
£55 |
£1,690 |
Wales |
25 |
28 |
£29 |
£133 |
Scotland |
78 |
85 |
£13,359 |
£1,678 |
Northern Ireland |
6 |
13 |
£1,138 |
£123 |
Republic of Ireland |
49 |
57 |
£4,830 |
£7,570 |
For a more detailed report, please visit: http://www.corpfinworldwide.com/web/MaAndIpo.jsp
ENDS
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