Although mergers and acquisitions had a slow start across Europe in 2012, many firms of advisers are predicting an upturn on the basis of deals in the pipeline. Global M & A amounted to just S120 billion in January 2012, which was 62% lower than in 2011, and European M & A totalled only $22 billion, also about two thirds down on 2011. These figures for Europe are, incredibly, the lowest since 1996.
Yet there is definitely a belief that the tide will turn in 2012 and 2013. This belief is founded firstly on the existence of substantial cash reserves on the corporate balance sheets of many potential acquirers in both Europe and North America, secondly on a perceived increasee in liquidity in private equity funds seeking deal opportunities and thirdly – perhaps most importantly – on relatively low valuations. Additonally, deal drivers such as privatisations in the eurozone and and the need for large corporates to make disposals worldwide, as well as increased pressure from shareholders to deploy cash on balance sheets, should assist the M & A market everywhere. Many M & A experts believe that we might see an increase in strategic acquisitions during 2012 and a higher number of pirvate equity transactions, since there is pressure for funds to both buy assets and generate exits.
This conference covers many of the vital issues that are regularly encountered in buying and selling companies as well as public company takeovers. It also provides a completely up-to-date analysis of the state of deal-making in late 2012, reviewing recent M & A transactions, examining the sectors that are likely to provide the scope for renewed activity in 2013, the possibilities in emerging markets as well as the prospects for activity as a whole.
The conference also covers important related issues such as the latest valuation techniques, the current methodologies deployed in due diligence, the advantages and disadvantages of different deal structures, the best approaches to selling businesses for the highest possible price and the managing of the transaction from start to finish. Latest developments in public company transactions in the light of major takeovers in 2012 will also be addressed, together with the Takeover Panel’s view of current techniques, especially against the background of the major changes to the Takeover Code which took effect in autumn 2011.
We look forward to welcoming you on the day of the conference.
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Phone: +44 208 133 5917
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Location: London (Central)
Event date: 01.10.2012 - 01.10.2012
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