Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Tortola Capital Focuses on 2009 Global Mergers-and-Acquisition ActivityTortola Capital examines merger and acquisition activity in 2009, which hit the lowest value in five years this past year.
By: Tortola Capital The drop would have been slightly greater in 2009 were it not for extraordinary government interventions across the world, comprising some $197.5 billion of total deal volume on such investments as U.S. insurer American International Group Inc., explains a senior analyst at Tortola Capital. Globally, these government-backed acquisitions accounted for about 8.5% of all deal volume in 2009. Government-related deals totaled $186.8 billion in 2008, or about 6% of all transactions. In the U.S., 2009 deal volume fell 10%, to $766.8 billion, compared with $850.6 billion in 2008. The number of deals dropped 17%, to 7,140 deals, compared with 8,614 in 2008. In Europe, the drop was more precipitous. Deal volume fell 44%, to $691.4 billion in 2009, compared with $1.24 trillion in 2008. # # # About Tortola Capital: Tortola Capital is focused on providing the most comprehensive and individualized financial planning and services available. As a full service wealth management and brokerage firm, we are able to focus on the needs, aspirations and legacy of each of our clients around the globe. We individually cater services for each client’s situation, and at Tortola Capital it is our goal to understand, anticipate, and meet each client’s changing financial needs with a comprehensive offering of high-quality products and services. End
Account Email Address Disclaimer Report Abuse Page Updated Last on: Jul 13, 2010
|