/C O R R E C T I O N — IntraLinks/
By Prne, Gaea News NetworkTuesday, October 27, 2009
LONDON - In the news release, “Intralinks Survey: Corporate Development Professionals Optimistic for M&A in 2010″ issued on 28 Oct 2009 09:00 GMT, by IntraLinks over PR Newswire, we are advised by a representative of the company that the URL in the second and ninth paragraphs should read: www.intralinks.com/solutions/ma/eur-survey/global_corporate_dev_study _oct09.pdf Complete, corrected release follows:
More than one third of corporate M&A professionals from Europe, North America, and Asia Pacific (APAC) say they are optimistic for the future of deal activity in the next 12 months, according to a recent survey by IntraLinks and mergermarket.
IntraLinks’ Global M&A survey (www.intralinks.com/solutions/ma/ eur-survey/global_corporate_dev_study_oct09.pdf) also resulted in the following responses about today’s M&A market, including:
- European dealmakers are optimistic for next year- A total of 41 percent of respondents in Europe indicated they are optimistic (39 percent) or very optimistic (2 percent) about the outlook of corporate M&A in the next 12 months. Those surveyed in APAC were slightly less positive and about the future of deal activity (30 percent) and North American respondents were generally cautious, citing a pessimistic or very pessimistic outlook (26 percent). - North American M&A professionals will be acquisitive in 2010- More than two-thirds (67 percent) of the global survey participants plan to undertake an M&A transaction in the next 12 months. Of those respondents, an overwhelming 78 percent of dealmakers in North America indicated increased deal transactions next year, while APAC and Europe trailed behind at 63 percent 59 percent, respectively. - Asia-Pacific to lead the recovery next year- 52 percent of respondents expect the Asia-Pacific region to lead the recovery in terms of M&A volume (although 27 percent noted that APAC is further down the road to economic recovery than any other region). 33 percent of respondents believe that M&A volumes in North America will be the first to recover, while just 15 percent cite the European market as the emerging leader in increased M&A activity. - Financial services to be the most active sector - 25 percent of APAC and 36 percent of North America respondents indicated they thought financial services would be the most active niche, with 17 percent of those from Europe citing the consumer sector to witness the most significant M&A activity. - Debt restructuring and acquisitions driving corporate activity - 50% believe that debt restructurings will be the principle driver of global corporate activity and 40% expect acquisitions to be the driver over the next 12 months.
“This survey of global M&A professionals demonstrates there are reasons to be optimistic about deal activity in the coming months,” said Andrew Damico, President and Chief Executive Officer of IntraLinks. “Despite common obstacles including lack of debt financing, price uncertainty and general market confidence, these professionals and corporations are clearly confident about an increase in corporate led deal activity.”
Read the full report: www.intralinks.com/solutions/ma/eur-survey/global_corporate_dev_study _oct09.pdf
(Due to the length of the URLs, it may be necessary to copy and paste the hyperlinks into your Internet browser’s URL address field. Remove the space if one exists.)
About the Survey
Conducted in August and September 2009, IntraLinks engaged Remark, the research and publications arm of The Mergermarket Group. They canvassed the opinion of 150 senior decision makers at corporations across the globe. Respondents were drawn equally from the Asia-Pacific region, Europe and North America and were asked to give their opinion on a number of extant issues including the post-global financial crisis economic and dealmaking environment as well as the key challenges and opportunities corporations face over the next 12 months.
About IntraLinks
IntraLinks provides on-demand solutions for businesses to securely collaborate, communicate and exchange critical information inside and outside the enterprise. For more than a decade, 800,000 professionals from more than 90,000 organizations have relied on IntraLinks to accelerate workflow, optimize business processes and realize new profit potential. IntraLinks counts 800 of the Fortune 1000 as clients, including AstraZeneca Pharmaceuticals LP, Bank of America, Deutsche Bank and the FDIC. Visit www.intralinks.com or blog.intralinks.com for more information.
About mergermarket
mergermarket is an independent Mergers and Acquisitions (M&A) intelligence service with an unrivalled network of dedicated M&A journalists based in 62 locations across the Americas, Europe, Asia-Pacific, the Middle East and Africa. Unlike any other service of its kind, mergermarket specialises in providing forward-looking origination and deal flow opportunities integrated with a comprehensive deals database - resulting in real revenues for clients. For more information, please visit www.mergermarket.com
Source: IntraLinks
For more information: Anna Roberts, IntraLinks, E: aroberts at intralinks.com, T: +44(0)20-7549-5256
Tags: England, IntraLinks, London