Global M&A Raised $2.4 Trillion In 2010, Strongest Since 2008 -Thomson Reuters
January 04 2011 - 12:33PM
Dow Jones News
Deal markets came out of their crisis-imposed slumber last year,
with record showings in global merger assignments and initial
public offerings.
Globally, mergers and acquisitions raised $2.4 trillion, up
22.9% from 2009 and the strongest full year period since 2008,
according to year-end data from Thomson Reuters. A record setting
one-third of those deals were in emerging markets, where merger
activity raised $806.3 billion, up 76% from the prior year.
The four biggest announced deals of the year each topped $20
billion, including the $27 billion acquisition of Carso Global
Telecom (TELECOM.MX) by America Movil SAB (AMX.MX), the $25 billion
acquisition of GDF Suez Energy International by International Power
PLC (IPR.LN), the $22.1 billion deal for Qwest Communications
International (Q) by CenturyLink Inc. (CTL) and the $20.6 billion
deal for Weather Investments by VimpelCom (VIP).
Goldman Sachs (GS) retook the lead in announced merger advisors,
according to Thomson Reuters, jumping past Morgan Stanley (MS). J.
P. Morgan Chase (JPM) ranked third.
Equity capital markets activity was down 2% for the year, to
$854.2 billion, but the fourth quarter was the hottest on record,
according to Thomson Reuters.
The period was also the biggest on record for global initial
public offerings; including General Motors' (GM) $23 billion IPO as
well as a $20.5 billion IPO by AIA Group Ltd.(1299.HK).
For the fourth quarter, global IPOs raised $122.2 billion,
according to Thomson Reuters. For the full year, $269.4 billion was
raised, more than double the full year 2009.
Morgan Stanley jumped to first from third in the rankings of
global equity underwriters, thanks in part to its involvement in
the sale of the government's remaining stake in Citigroup (C).
Goldman ranked second. J. P. Morgan fell to third in the
category.
-By Liz Moyer, Dow Jones Newswires; 212-416-2512;
liz.moyer@dowjones.com
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