The credit crisis that seized the nation slowed activity in Maryland's mergers and acquisitions market in the last quarter of 2008, adding to a drastic decrease in both deal volume and value for the year. The number of deals slipped from 335 in 2007 to 261 last year, a decline of 22 percent; the value plunged 45 percent to $23.3 billion. The year had a promising first quarter, but once the tightening credit market reared its head in the second quarter, the mergers and acquisitions market never had a chance to fully recover.
Over the past year, Wall Street and the financial services industry experienced a series of events -- historic in scale and timing -- that impacted the financial markets and the banking industry so severely that many economists and financial experts drew parallels to the Great Depression. Only one year has transpired since a series of events began to dramatically alter the landscape of the US financial services industry. The banking industry briefly returned to profitability during the first quarter of 2009, producing net income of $7.6 billion. Although higher than the previous two quarters, earnings during the first quarter of 2009 were 61% lower than the same quarter in 2008. Without question, much economic uncertainty remains. After significant activity in recent years, mergers and ...
...Mergers and acquisitions vs. the FDIC. After significant activity in recent...
Nationally, initial public offerings (IPOs) and mergers and acquisitions of companies backed by venture capitalists are on pace in 2008 to be at their lowest total this decade, says Tom Simpson, managing partner of Northwest Venture Associates LLC, of Spokane.
A buyer's market, greater confidence and more access to credit and financing helped drive up the number of mergers and acquisitions in Maryland for the third quarter of this year. Following up on healthy second-quarter activity, the number and value of mergers and acquisitions in Maryland nearly doubled in the third quarter, rising to the second-highest level since early 2008.
Worldwide announced mergers and acquisitions (M&A) in the first three quarters of 2008 declined by 25% from the same period a year earlier, according to Thomson Reuters, reflecting the effects of the credit crunch and a slowing global economy. The decline would have been considerably larger had it not been for a wave of mergers in the troubled financial services industry itself. The private equity industry is restructuring and adapting to a changed situation in which financing is harder to obtain. M&A activity is shifting to the middle market as a result of the credit crunch and worsening economy. The credit crunch and reeling financial markets were also blamed for the failure of a number of proposed deals to be completed. On a regional basis, M&A activity in Europe declined...
In the past few years, property and casualty insurers' appetite for program business has grown considerably, and it continues to grow through this year, according to a survey by Guy Carpenter & Co LLC. The leading global risk and reinsurance specialist's survey finds the program market evolving as insurance carriers remain focused on the core concerns of new business production, premium writings and profitable rate levels. However, according to Carl Bach, managing director of Guy Carpenter's Program Manager Solutions Specialty Practice, several new trends emerged in 2008 as the market's appetite for mergers and acquisitions increased, along with a growing interest in the use of outside capital to fuel new endeavors. This fourth annual survey conducted by Guy Carpenter elicited the v...
...In 2008 the number of flower farms reached 81, a rise of a... of firms in the 2000s declined due to mergers and acquisitions, export revenue increased substan...
The year 2007 started strong in the mergers and acquisitions sector, but by the end of summer, the story had changed. M&A activity hasn't stopped completely, of course, and it will continue in 2008. But next year's deals are likely to be different. In the first half of 2007, M&A deals had reached a record $2.7 trillion worldwide. Since June, however, the number of deals has declined 49%. Although the days of giant mega-deals may be past, most industry players do predict strong M&A activity for the coming year. Smaller deals are likely. A survey conducted by CEO Research Services and financing company CIT suggests that midsize companies are continuing to pursue smaller deals and are generally upbeat about merger activity in 2008. M&A activity will continue in 2008. While ...
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