EMEA mid-market M&A activity was valued at USD12.2bn in October, down 12 per cent from September’s USD13.9bn and down 34.9 per cent from October 2008’s USD18.7bn, according to research by Thomson Reuters.
The year on year average rank value to Ebitda has decreased by 16 per cent on average with only the real estate and materials sectors increasing.
JP Morgan top the European mid-market M&A rankings YTD, up from third position for same period 2008
EMEA mid-market M&A from January to the end of October is down 49.6 per cent compared to same period last year, to USD110.2bn from USD218.8bn.
EMEA high technology M&A was USD865m for October, down 60 per cent from USD2.2bn in October 2008, while media and entertainment was USD165m (down 86 per cent) and telecommunications was USD219m (down 79 per cent).
Global mid-market deal activity for October was USD46.8bn from 2,864 deals, down 11 per cent from USD52.7bn from 3,207 deals in September but only slightly down compared to same month previous year from USD48.5bn.
The average bid premium for M&A deals valued at or below USD500m four weeks prior to announcement has increased by two per cent between 2008 and 2009. Bid premia rose slightly with half the sector showing an increase and half decreasing.
