Legal News

Deal Volume Plummets in 2008, Will Fall Further in ’09
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Paul ParkerThomson Reuters reports that global deal volume dropped by a full one-third in 2008, and is expected to fall further next year.

Total deal volume dropped about 32% to $2.89 trillion, the lowest annual number since 2005. Q4 numbers were even worse, with M&A volume dropping 44% globally over the last three months compared to 2007; US deal volume plummeted 55% in the same period.

The more than 1,100 agreed-upon deals that collapsed in 2008 represent a record. These include BHP Billiton’s attempted takeover of mining rival Rio Tinto, and the failed private equity buyout of Bell Canada.

  
What
Where


Private equity-sponsored deals fell by 72% percent to a five-year low.

Hostile takeovers represented the only bright spot, something experts say is typical in down periods when companies that are still strong look to feast on the weak.

The highlight in this category, of course, was InBev’s $52 billion takeover of Anheuser-Busch, a deal that helped JPMorgan Chase clinch the number one rank among financial advisors in European deals.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Paul Parker of global M&A at Barclays Capital told Reuters he expects deal volume to drop another 30 percent next year, to about $2 trillion.





 

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Senior Antitrust Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Antitrust Associate Attorney with 7 years of experience....

Apply Now

Senior Antitrust Attorney

USA-WA-Seattle

Seattle office of a BCG Attorney Search Top Ranked Law Firm seeks Senior Antitrust Attorney with 9 y...

Apply Now

Patent Attorney

USA-DC-Washington

Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks Patent Attorney with 1 ye...

Apply Now

RELEVANT JOBS

Senior Electronic Files Specialist

USA-DC-Washington

Project Supervisor US-DC-Washington Supporting the Most Exciting and Meaningful Missions in th...

Apply now

Contract Attorney - PI and Insurance Litigation

USA-TX-Houston

This is a key role in a fast-growing law firm founded by a forward-thinking entrepreneurial lawyer. ...

Apply now

Paralegal / Office Administrator

USA-GA-Gainesville

Compensation:     $15 to $20 Hourly Employment Type:    Full-Time ...

Apply now

General Legal Counsel (Work-life balance and exciting opportunity working in-house for a tech compan

Canada-AB-Edmonton

Not your everyday legal position. Work-life balanced, yet with variety and challenge: a position you...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top