Life Sciences Update : First Quarter 2010
Deloitte Financial Advisory Services
This quarter’s Life Sciences Update, produced by Deloitte Financial Advisory Services, summarizes the most recent transactions along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
This quarter’s highlights
European life sciences M&A deal volume and median multiples strongly declined in 2009. During the last twelve months (LTM), the following market evolutions have been observed:
- 198 transactions have been announced, compared to 189 transactions for the year 2009;
- Total value of disclosed deals amounts to €48.5bn for the LTM against €18.4bn for the full year 2009 and €16.3bn for the full year 2008;
- 63 private equity backed transactions have been announced in the LTM against 57 in 2009. The total disclosed value of transactions amounts to €6.7bn compared to €5.2bn for the year 2009. Average value per disclosed deal in the LTM is €107m against €91.3m in 2009;
- Median transaction multiples significantly dropped from 10.2x to 8.8x EBITDA ratio.
Download the Life Sciences Update below.