PRINT THIS PAGE mergermarket league tables of financial advisers to global M&A for Q1 200802/04/2008. Source: mergermarket. 
Mergers and acquisitions experienced something of a ‘death rattle’ in the first quarter of 2008 as large transactions in the commodities sector - typically the last sector to fall in a general cyclical downturn - comprised 40 per cent of all announced global deals in the first quarter of 2008. In fact, if the $21bn bid for Rio Tinto by BHP Billiton is stripped out, as well as the Philip Morris demerger, Europe saw its slowest quarter by value since Q3 2004, according to this global M&A report on from mergermarket. The US M&A market saw its slowest quarter since Q3 2003, with the complete absence of any major head turning deal announcement so far.
And with the wholesale deleveraging taking place in the global fi nancial services sector, it should come as no surprise that no debt was available to put even a single buyout on the list of the top 10 of global deals this past quarter. By contrast, no less than seven of the top 10 deals announced in the first half of 2007 comprised LBOs. Meanwhile, the financial services sector, which had consistently been the hottest single sector for M&A in recent years, made up just 12% of all M&A activity by value.Click here to view the full document (pdf 352Kb) You need Adobe Acrobat to read this document. If you do not have it, you can download it free from www.adobe.com/products/acrobat/readstep.html
mergermarket is an independent Mergers and Acquisitions (M&A) intelligence service with an unrivalled network of dedicated M&A journalists based in 53 locations across the Americas, Europe, Asia-Pacific, the Middle East and Africa. Unlike any other service of its kind, mergermarket specializes in providing forward-looking origination and deal flow opportunities integrated with a comprehensive deals database - resulting in real revenues for clients. Visit www.mergermarket.com.
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