LONDON (Thomson Financial) - The total value of global mergers and
acquisitions announced in the first half of 2008 amounted to about $1,579
billion, 35 percent below the $2,429 billion recorded in the second half of
2007, according to a preliminary M&A review by Thomson Reuters.
The data showed that global private equity acquisitions hit a four-year low
of about $62.1 billion in the second quarter of 2008, 83 percent below the $366
billion recorded in the second quarter of 2007.
In Europe, acquisitions by private equity firms was also 61 percent lower at
$30.5 billion in the first quarter.
Goldman Sachs Inc. led the M&A rankings in the first half of 2008, with
advisory mandates for deals valued at about $593 billion.
Citigroup Inc. and JP Morgan Chase & Co. followed close behind: In the first
half of 2008 Citigroup was appointed to work on deals worth about $442 billion,
while JP Morgan worked on transactions worth almost $428 billion.
Runners-up were Morgan Stanley Inc. ($307 billion), Credit Suisse Group A.G.
($294 billion) and, Lehman Brothers Inc. ($285 billion).
Alexander.Wessendorff@thomsonreuters.com
aw/jfr
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|