Overall deal volume increases in 2011, despite significant fluctuations in M&A market activity
The latest 2011 mergermarket European M&A league tables confirmed Ernst & Young as the number one provider of accountancy advice on M&A transactions across Europe during 2011.
In a year that saw M&A activity fluctuate significantly, Ernst & Young advised on 297 M&A transactions across Europe, with an aggregated value of almost $68billion; representing 28% volume and 39% value of all M&A deals with named accountancy advisers. Ernst & Young is also the first in Central and Eastern Europe where it participated in 25 transactions. In the Czech Republic, it ranked first along with another company from the "Big Four" with the same number of 13 transactions.
Vladislav Severa, Head of Transaction Advisory Services, Ernst & Young in Central and Southeast Europe, comments: “While many organizations are yet to chart a course through the choppy waters in Europe, some of our clients are looking to take advantage of current instability to drive growth. In recent months we have witnessed a significant intensification of investment activity, and despite continuing instability, we can see a growing interest of our clients in receiving help in their consolidation efforts within a market segment or territorial expansion.”
Petra Wendelová, Partner for M&A at Ernst & Young in the Czech Republic, adds: “We have seen a change in the mind-set of organizations contemplating transactions during 2011. When evaluating transactions, clients take into consideration a broader set of factors to model acquisition impacts on capital. Transactions now require thinking about synergies and risk, including assistance of external advisors, at the outset of a deal, rather than just during the valuation and diligence phases.”