The year isn’t even over yet but of course, we’re already sizing it up. Today I’ve got some preliminary year-end data from mergermarket. Here’s a summary of U.S. numbers, follow the jump to get the full global report.
*The top ten global deals include zero private equity firms. However, what should we call the United States Department of Treasury, which clocks in at number four for its takeover of AIG?
*Even narrowed down to Americas, PE didn’t crack the top ten M&A deals. Once again, the US Department of Treasury embarrassed the competition, taking five of the top ten spots and beating out PE’s best shot at the top ten, Avista Capital’s $4.1 billion purchase of Convatec from Bristol-Myers Squibb.
* Financial services deals in the US made up 35.5% of the total value of deals done. That’s by far the largest chunk, and up from probably single digits last year.
* JPM and Goldman basically ruled the league tables as expected, but broken down by region, that’s not exactly the case. Congrats Houlihan Lokey and Rothschild.
* “As the credit markets froze up, so did Private Equity (PE) activity in the region (and globally). A usually highly active hunting ground for PE firms has become somewhat of a desolate wasteland, with even deals announced last year not being able to withstand the economic gloom.”
*Largest failed deals include: BCE, Huntsman/Hexion, Alliance Data Systems, Penn National, and SLM Corp. As for deals PE firms wish had failed, that’s a different story (we can start at Harrah’s and go from there…)
Download the full report, with global and continental breakdowns, here: