Contact Information: Media Contacts: Jennifer Jameson (312) 780-7241 jjameson@dresnerco.com Sara DeNio (312) 780-7223 sdenio@dresnerco.com IMAP's Fall 2009 Global Mergers & Acquisitions Symposium Contact: Aysenaz Yeni (90-212) 288-7142 aysenazy@bprhalklailiskiler.com
IMAP Continues to Advance With Increase in Transaction Values and More Cross-Border Deals
2009 Annual Report Highlights IMAP's Transaction Success Despite Global Economic Downturn
| Source: IMAP, Inc.
SARASOTA, FL--(Marketwire - September 21, 2009) - IMAP, Inc., an exclusive global organization
of leading merger and acquisition (M&A) advisory firms, announced today in
its 2009 Annual Report that the average value of its completed transactions
was $51.6 million in 2008, representing a 280 percent increase over the
last three years. During the same period, IMAP advisers completed a record
75 cross-border deals, contributing to a 53 percent increase over the last
five years. So far in 2009, 39 percent of IMAP's completed transactions
have been cross-border, compared with 30 percent in 2008. Stronger closing
activity throughout IMAP's network in North America, Asia, Europe and Latin
America indicates that IMAP continues to close deals even in this
challenging business environment.
"While M&A activity has been affected by the financial crisis that began
last year, IMAP's advisers still managed to complete an impressive 252
transactions with a total value of more than $13 billion," said Mark
Esbeck, IMAP President. "This translates to one deal closed by an IMAP
adviser every business day, proving that collaboration between IMAP offices
is vital in connecting buyers and sellers on a global scale."
IMAP advisers in North America reported that most of the region's M&A
activity this year has been driven by forced divestments and defensive
corporate actions. Looking to the remainder of 2009, more traditional M&A
transactions are expected to be strong in North America. IMAP's advisers
expect domestic companies that are looking to grow and those that are
willing to sell a majority stake in their businesses to do well in this
environment.
The outlook in Asia for the remainder of 2009 has greatly improved, as
indicated by China and Korea's economic growth in the first half of the
year. IMAP advisers believe that many companies in the region will need to
divest or consolidate to make up for losses accumulated during the
financial crisis. Additionally, IMAP advisers in this region anticipate
opportunities for buyers as government entities grant investment approvals
more quickly and easily.
Europe has especially shown great resilience in 2009. A mid-year rebound
in M&A activity resulted in the region originating 60 percent of all 2009
IMAP-completed transactions. IMAP's European advisers reported that
sellers are reducing their price expectations, having recognized that
prices were overinflated leading up to the economic downturn.
Alternatively, European buyers are exhibiting less risk averse behavior in
investing in new opportunities.
Even though Latin America was the last region to be affected by the global
financial crisis, IMAP advisers in the region reported that M&A activity
slowed down significantly during the last half of 2008 and into the first
half of 2009. Collaboration between IMAP's Latin and North American
offices strengthened this year, generating sell mandates even though
valuations were low. In addition, many international firms have returned
to Latin America to expand their manufacturing operations, as supply-chain
savings offset labor-cost differentials from other regions.
To learn more or view a complete copy of IMAP's 2009 Annual Report, please
visit www.imap.com.
IMAP's advisers will convene at the Çiragan Palace Kempinski Hotel in
Istanbul, Turkey, on Friday, Oct. 23, 2009, for IMAP's Fall 2009 Global
Mergers & Acquisitions Symposium. The symposium will focus on closing M&A
transactions in the current economic climate, and will provide
opportunities to develop relationships with industry professionals.
Senior-level delegates representing law firms, private equity groups,
corporate and M&A transaction advisers, as well as members of the media,
are invited to attend the symposium. To register for the symposium, view a
schedule of events or make hotel reservations, visit
www.imapconferences.com.
About IMAP
IMAP, Inc. is an exclusive global organization of leading merger and
acquisition advisory firms. Formed in 1973, IMAP is composed of 55 offices
in nearly 40 countries throughout North and South America, Eastern and
Western Europe, Australia and Asia. In 2008, IMAP advisers completed 252
transactions, with an aggregate transaction value of more than $13 billion.
IMAP advisers provide strategic merger, acquisition, divestiture and
related corporate finance services. Sellers of mid-size companies and
corporate acquirers alike rely upon IMAP for essential local market
knowledge and industry expertise delivered with unparalleled global reach.
Every business day, somewhere in the world, an IMAP adviser is completing
an M&A transaction. More information is available via the Internet at
www.imap.com.