Middle Market M&A News: May 2013
Deloitte Corporate Finance LLC
The May 2013 edition of Middle Market Merger and Acquisitions (M&A) News, produced by Deloitte Corporate Finance LLC, includes the following highlights:
- LTM M&A activity grows despite soft first quarter - First quarter middle market merger & acquisition transaction value and volume declined 36% and 27%, respectively, from the "boom" levels of Q4 2012 according to Thompson Financial. However, the first quarter results were nearly equivalent in both value and volume to Q1 2012 and on a latest 12-month basis ending Q1 2013 showed growth compared to LTM ending Q1 2012.
- Private equity remains active in the marketplace - U.S. middle market private equity acquisition activity followed a similar trend to the overall M&A market with a down first quarter, but showed more growth on an LTM basis.
- Cross-border transactions follow general M&A trend - Cross-border M&A activity saw similar drop-offs from Q4 2012 to Q1 2013 as the overall M&A middle market, with declines of 26% and 31% in value and volume for foreign acquisitions of U.S. targets and declines of 32% and 7% for U.S. acquisitions of foreign targets, according to Thomson Financial.
To learn more, read this month's Middle Market M&A News.