The mid-market has become increasingly competitive. New private equity entrants investing some of the $1.2 trillion that the global private equity industry has at its disposal, plus corporates sitting on $1 trillion of cash poses challenges around deal origination and pricing. On this panel, private equity investors 3i, Endless and LDC contrast their views with ITV plc on different approaches to mid-market M&A transactions.
Over 3,000 M&A deals paid in cash were seen globally last year according to Mergermarket, a record high. However, shares have become a more attractive currency for M&A this year, shifting the balance back from the prevalence of all-cash deals seen in 2014. Ben Thorpe (Managing Director, Goldman Sachs), Matthew Ponsonby (Head of M&A EMEA, Barclays) and Madelaine McTernan (Head of UK M&A, Credit Suisse) discuss.
Will international debt markets continue to attract sponsors away from local financing options? Is the high yield opportunity in Europe (or US)more compelling than the Nordic bond market? Why aren’t Nordic institutional investors influencing the loan market as much as European institutions are doing outside of the region? Filmed at Mergermarket's Nordic Private Equity Briefing in Stockholm in June 2015, hosted in partnership with White & Case and DNB.
Outlook on the competition for assets and expected impact on valuations. What sellers want to hear - are sellers looking
for more than a premium valuation when selling to private equity? How are private equity buyers differentiating themselves from other bidders in the current market? With limited auction processes in Sweden, do M&A bankers have their work cut out to originate dealflow? Are co-investment structures becoming more common and what does this mean for rights? IPO as an exit option; outlook for the rest of the year. Filmed at Mergermarket's Nordic Private Equity Briefing in Stockholm in June 2015, hosted in partnership with White & Case and DNB.
Political fragmentation is sweeping across the European Union, as trust in national governments falls. Wolf Piccoli of Teneo Intelligence outlines why this is happening and what it means for investors.
What can you tell us about the recent findings from the recent capital confidence barometer?
Market sentiment- what are your expectations for M&A?
What sectors and geographies are showing the most M&A deal activity?