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Global M&A Advises IQE plc on Fundraising and Acquisition13-10-10London | 12 October, 2010 - Global M&A, one of the world's leading independent M&A advisory firms, today announced it advised IQE plc in the placing of 65 million new ordinary shares to raise £20.8 million, before expenses. Global M&A also acted as Financial Advisor and Broker in its $14.5 million acquisition of Galaxy Compound Semiconductors. show full textIQE plc is the leading global supplier of advanced wafer products and wafer services to the semiconductor industry and has been advised by Global M&A UK since 2005. About IQE plc IQE is the leading global supplier of advanced semiconductor wafers, with products that cover a diverse range of applications, supported by an innovative, outsourced foundry services portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semiconductor manufacturers. Contact Matt Wilson Global M&A Advises Novozymes A/S on its Acquisition of Turfal16-08-10São Paulo | 16 August, 2010 - Global M&A, one of the world's leading independent M&A advisory firms, today announced Novozymes A/S acquisition of Turfal, a Brazilian producer of microorganisms and supplier of sustainable solutions to the agriculture industry. Turfal will give Novozymes direct access to the growing Brazilian bioagriculture market. show full textWith 40 years of experience, Turfal is one of the larger inoculant players in the Brazilian market. It posted revenue of approximately USD 3 million in 2009, and the effect of the acquisition on Novozymes' sales in 2010 will be DKK 10-15 million for the full year. Global M&A Brazil and Global M&A Spain advised Novozymes A/S. About Novozymes A/S Contact: Mark Parson Global M&A Credits the Partial Spin Off of Argentine Consumer Finance Business20-07-10Buenos Aires | 20 July, 2010 - Global M&A, one of the world's leading independent M&A advisory firms, today announced the partial sale of Préstamos S.A.'s consumer finance portfolio to a local leading financial institution. Préstamos S.A. is part of Grupo Palmero, an Argentine conglomerate with interests in distribution and production of machinery and equipment, real estate, consumer finance and vineyards. show full textThe transaction was structured as part of Grupo Palmero's strategic plan to divest non core assets and focus in its core business linked to heavy machinery and power generator manufacturing. Global M&A Argentina is the exclusive financial advisor of Grupo Palmero and advised the seller in this transaction. About Global M&A GmbH About Préstamos S.A. Contact: Matías O'Farrell mofarrell@globalma.com+ 54 11 4802 4700 Global M&A CEO Allison Dent Receives Distinguished Award16-07-10New York | 14 July, 2010 - Global M&A, one of the world's leading independent M&A advisory firms, today announced its CEO, Ms. Allison Dent is a winner of the inaugural M&A Advisor Recognition Awards. show full text"Allison is an accomplished global corporate finance advisor, "said Ivan Alver, Global M&A chairman. "She is an exceptional CEO of our organization and certainly deserving of this recognition." On Monday, 26 July, The M&A Advisor will host a televised black tie Awards Gala at The Hollywood Roosevelt Hotel in Los Angeles to introduce the award winners to the business community and celebrate their achievements. About Global M&A GmbH Contact: U. S. Market on the Mend15-07-10The first quarter of 2010 brought a welcome rebound in the M&A market. The middle market (defined as transactions involving U.S. targets with enterprise values between $25 million and $500 million) saw a sharp increase in deal activity, with the number of transactions up 65% from Q1 2009 levels. Activity through the end of May has already surpassed Q2 2009 levels, marking a comparatively strong first half and setting the stage for a solid year. show full textCommenting on current trends, Global M&A USA managing director, Andrew Petryk, said, “Middle market M&A is on the mend as deals coming to market accelerate across the spectrum of participants: tax driven sellers; private equity groups shifting focus toward acquisitions and away from portfolio company issues; strategic buyers with strong balance sheets; lenders becoming more proactive in moving covenant breach borrowers from their portfolios.” Private equity buyers have become more acquisitive. Add-on activity in Q1 2010 was at its highest level since Q3 2007, according to PitchBook, accounting for 32 percent of deal flow in the quarter. The bulk of private equity deal activity is still in the middle market, with deals under $50 million (buyouts and growth equity transactions) accounting for roughly 50 percent of transaction activity during the period. Transaction size is slowly increasing and private equity exit activity is on the rise, bothsigns of a recovering deal market. The debt markets are loosening and capitalproviders are lending again. Leverage multiples for middle market LBOs are inching up. Standard & Poors Leverage Commentary and Data (S&P LCD) reported average total leverage of 4.0x EBITDA through May 2010, with senior leverage multiples increasing modestly during the period. Subordinated debt (mezzanine debt in the current market) and equity continue to account for a growing percentage of acquisition financing in deals. Healthy middle market companies can garner leverage multiples starting at 4.0x to 4.5x, according to some industry sources. Improved debt markets, coupled with an abundance of unspent capital that needs to be put to work, is driving what participants are terming a “cashrich” environment for still too few high-quality middle market acquisition opportunities. As a result, increased competition is driving up purchase multiples, and in certain situations, robust valuations despite the current economic climate, market participants say. S&P LCD reported average middle market purchase multiples of 7.5x and 7.8x on strategic and financial buyer transactions, respectively, on par with levels seen in 2007. The wildcard is the economy. The speed and sustainability of the recovery will dictate whether momentum can be maintained in the deal market. Companies are healthier, and sellers of businesses that performed through the recession and are positioned for growth are garnering attractive valuations in the current environment.
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