Survival of the fittest
Buy-out groups are fighting for limited resources – and some will lose out, writes Daniel Schäfer
Deals and Dealmakers
Resources
Part seven of the FT’s analysis of mergers and acquisitions focuses on private equity
- Will a transatlantic divide open up dealmaking opportunities?
- Is the G4S bid collapse cause for caution?
- Why breaking up is hard to do right
- Worries over euro hit M&A activity
- Counting the costs
of a break-up
- Have the markets really
fallen in love with M&A?
- Whatever happened to
the private equity mega-deal?
- It’s tough at the top
of European dealmaking
- Will new rules level
the playing field?
- Don’t miss out while
the dealmaking is good
Latest multimedia
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- Mid-market M&A picks up
- Mark Brown of Collins Stewart, Stephen Welton of the Business Growth Fund and Anousha Sakoui, the FT’s M&A correspondent, discuss developments in dealmaking
- Chinese M&A, part one
- James Kynge of China Confidential, Sir David Brewer of the China-Britain Business Council and Victor Chu of First Eastern Investment Group discuss why Chinese companies look to spend money overseas
- Chinese M&A, part two
- James Kynge explains why Chinese companies need to look beyond natural resources, while Victor Chu says the world should welcome investment from China
Highs lows and a bumpy ride ahead
Recent market turmoil has put the brakes on what seemed to be a year of recovery for private equity dealmaking, writes Daniel Schäfer
Going public: on their marks
Does a recent clutch of listings signal a comeback for the private equity IPO, asks Dan McCrum
Taking private: a long road back
Public-to-private deals remain a challenge, says Anousha Sakoui
Corporate takeovers: rules change
How takeovers have become more complex, says Anousha Sakoui
New frontiers: redrawing the map
A tale from Brazil highlights how private equity is expanding into new areas, writes Richard Lapper
Related content and features
Fundraising
Investor relations: funds discover that it pays to show they care
How customer care rose up funds’ agendas, writes Daniel Schäfer
Comment
Why private equity is needed now more than ever
Mark Florman of the BVCA on why private equity is crucial for growth and jobs
Part six: mid-cap activity
Deal volumes on the rise in the mid-market
Significant recent mergers and acquisitions activity is supported by a recovery in capital markets, writes Anousha Sakoui
Fees: mid-caps hold value for advisers
Competition for mandates leads to increased pressure on fees, writes Anousha Sakoui
US technology: the cloud has a silver lining
Remote access computing has helped boost the recovery in tech-sector mergers and acquisitions, writes Paul Taylor
Europe’s favourable default environment is unlikely to last
Looking at the rebound in earnings and cash flow of larger corporations in Europe, it is tempting to assume credit quality is only going one way, writes Paul Watters
Funding mid-cap companies: turning on the taps
There is an abundance of funding available for mid-caps, writes Robin Wigglesworth
A turbulent time to go public
Price disagreements and volatility are to blame, reports Robin Wigglesworth
Investment: due diligence leads to a perfect match
When Robin Shenfield, chief executive and founder of The Mill, decided he needed outside capital, he left nothing to chance, writes Daniel Schäfer
Private equity: opening up the mid-market
A rising number of investors are keen to buy into medium-sized companies, reports Daniel Schäfer
Part five: China
China lights a fire in global dealmaking
The country’s companies look abroad for opportunities, especially to fuel the hunger for natural resources, reports Helen Thomas
On good terms: Chinese banks fuel ‘going global’ drive
China’s government has rapidly ramped up its decade-old policy of encouraging domestic companies to “go global”, writes Jamil Anderlini in Beijing
An unlikely visionary: Cnooc’s Fu Chengyu
Fu Chengyu, chairman of Cnooc, China’s largest offshore oil and gas producer, is not one to shy away from a deal
Private equity: spanning the culture gap
Globally aware private equity firms can carve out a profitable niche in Chinese mergers and acquisitions, reports Henny Sender in Hong Kong
Latin moves in China’s rush for oil
Sinochem’s stake in an oilfield off Brazil highlights trends in dealmaking, reports Leslie Hook in Beijing
Scraps from the feast: competing in the China fees pool
The China fees pool is growing – but so is competition for it, writes Henny Sender in Hong Kong
A real opportunity for the west as China looks abroad
Chinese authorities are increasingly using the country’s foreign exchange reserves to invest in western companies, writes Zhizhong Yang
Part four: 2010 and the year to come
Ups and downs in the world of dealmaking
After 12 months with fewer large mergers and acquisitions than expected, analysts are split over what the new year will hold, writes Lina Saigol
Leveraged credit: buyers in search of cash
Dealmakers are turning to high-yield bond markets with a renewed appetite for risk
Smooth sailing in rough seas for merger arbitrageurs
Aggressive mergers and acquisitions activity has proved lucrative for some merger arbitrageurs
Money first, massive M&A deals second
Shareholders voice their concerns over cash-rich companies spending too much on swallowing rivals
Steering away from overexposure
Private equity groups that overcommitted on buy-outs now have to pick up the pieces
How Hands was caught out by the credit crisis
Some investors believe Guy Hands has committed the “cardinal sin” of overexposing them to a troubled deal
The secrets of IPO success in a challenging market
Initial public offerings have had a mixed press this year. What has gone wrong and how can it be fixed?
No end to rethink of banks
Ongoing financial sector reform brings uncertainty over what the new year holds
Part three: the changing face of M&A
Emerging markets point the way forward
The developing economies are producing companies that are often determined to be aggressive to secure their targets, reports Lina Saigol
Rush of M&A activity boosts advisers and banks
Banks’ M&A income is picking up, but bidders’ shareholders want a clampdown on fees, writes Kate Burgess
The heavy hitters of dealmaking
How three movers and shakers made their names – and fortunes
The signs are good, but is recovery really on the way?
Mergers and acquisitions activity reached record levels in July and August, but what is driving this increase? By Anthony Parsons
Swimming upstream: the big fish among the boutique investment banks
Who are the main companies in the boutique category? By Megan Murphy and Helen Thomas
Law firms benefit from flurry of mergers and acquisitions
International law firms say cross-border activity is hotting up, reports Jane Croft
The rise of the developing world
Dealmaking in emerging markets is recovering quickly from the downturn, writes Stefan Wagstyl
Latin fervour as mergers and acquisitions pick up
M&A activity is on course for a record year in Latin America. By Helen Thomas
Part two: financing acquisitions
Part one: post-recession and recovery
