(PRWEB) May 07, 2012
Big4.com; the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, PwC; reports automotive mergers and acquisitions (M&A) activity was strong in the first half of 2011 and fell off in the second half following Europe's sovereign debt crisis and the natural disasters in Japan and Thailand. This according to "Automotive M&A Insights: Driving Value," a new PwC publication. The facts here were analyzed and reported on by Big4.com.
Despite challenges in 2011, the share of disclosed deal values for European and U.S. targets increased from 55 percent in 2010 to 72 percent in 2011. European targets led the way with the largest share at 39 percent of disclosed deal value compared with 24 percent in 2010. Big4.com also notes the deal volume focused on targets in the European Union with a 43 percent share in 2011.
Paul Elie, U.S. automotive transaction services leader sees better times ahead for the industry.
“The auto industry is primed for growth in M&A in the next few years," he said. "Since the second half of 2011, dealmakers have approached the market with increased conservatism given the looming economic challenges in the EU and uncertainty in the regulatory environment. As soon as the macroeconomic environment improves, we will likely see a wave of pent-up demand resulting in increased deal activity."
Big4.com reports this is largely attributable to a rise in fiscally sound strategic buyers with significant cash reserves and private equity buyers with large amounts of uninvested capital and a need for investment exit strategies. Equally important is the growth in light vehicle output, which is expected to reach 79.7 million units in 2012 and 86.2 million units in 2013, according to PwC’s Autofacts.
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