Metals Update: Second Quarter 2011
Deloitte Corporate Finance LLC
This quarter’s Metals Update, produced by Deloitte Corporate Finance LLC (DCF),summarizes the most recent transactions within this industry along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
- Metals M&A continued to shows signs of improvement in the second quarter as announced deal volume increased by 9% (200 deals) versus Q1 2011 while 1H 2011 improved by 43% over 1H 2010.
- Average disclosed deal size also increased slightly from $208 million in Q1 2011 to $233 million inQ2 2011 but was still significantly lower than the recent high of $626 million in 2007.
- General consensus suggests that macroeconomic improvements have led to increased demand for metals across most end markets.
Download the Metals Update below.