Summer lull brings M&A value down to 12-month low - only PE activity brings a ray of sunshine

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There were 1,089 mergers and acquisitions (M&A) worth a combined EUR 21,586 million targeting companies based in Western Europe during August, according to Zephyr, the M&A database published by Bureau van Dijk. The typically quiet holiday month brought a 75 per cent decline in deal value from EUR 85,565 million in July.

Zephyr Monthly M&A Report - Western Europe August 2013

Overall M&A activity is still very low, in fact this is the lowest August value for announced deals since 2008. Private equity deals do seem to be bolstering the figures and do seem to be the only really active part of the market

The value of all Western European transactions in August 2013 – including those backed by private equity – was roughly similar to the same time a year ago, when EUR 22,984 million-worth of deals were announced.

Access the report here.

Private equity and venture capital investments targeting companies in the region weakened in August, with volume declining 51 per cent from 232 deals in July to 114. The value of investment in the region remained fairly level at EUR 4,674 million, slipping just 2 per cent month on month and rising 7 per cent on the same time a year ago.

Lisa Wright, Zephyr director, said: “Overall M&A activity is still very low, in fact this is the lowest August value for announced deals since 2008. Private equity deals do seem to be bolstering the figures and do seem to be the only really active part of the market.”

Just two M&A transactions topped the EUR 1,000 million-mark and collectively represented 15 per cent of total value for the region. The highest of these involved two companies in the German real estate sector announcing an all-stock merger worth EUR 2,061 million.

There was a degree of overseas investment in Western European companies, with acquirors based in Australia, the US, Azerbaijan and Bermuda featuring in the top 20 deals by value.

Ends

For further information, please contact:

Zephyr Editorial
+44 (0)161 838 9554
zephyreditorial(at)bvdinfo(dot)com

Notes to Editors:
The date range is 01/08/2013 - 28/08/2013 inclusive
Activity is based on the activity of the target company
Deal status is announced, completed, pending or unconditional
The sector breakdown uses targets' activities as defined to be ‘Major Sectors’ by Zephyr
The Western Europe region covers target companies in Andorra, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Gibraltar, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Monaco, Netherlands, Norway, Portugal, San Marino, Spain, Sweden, Switzerland, Turkey and the United Kingdom

About Zephyr
Zephyr is an information solution containing M&A, IPO and venture capital deals and rumours with links to detailed financial company information. Zephyr covers various deal types including M&A activity, IPOs, joint ventures and private equity deals. It’s published by Bureau van Dijk (BvD). The deals on Zephyr are linked to the company financials and peer reports on BvD's product range, which includes Orbis, Amadeus and Fame, for company valuation and benchmarking.

Zephyr contains information on over 850,000 deals. Approximately 75,000 deals are added each year depending on levels of deal activity. Zephyr has no minimum deal value. All deal information is translated into English. Zephyr's UK-based researchers speak 30 languages and use native language and English sources in their deal enquiries. http://www.zephyrdealdata.com
About Bureau van Dijk
Bureau van Dijk (BvD) is one of the world’s leading publishers of electronic business and company information. The company has 30 offices worldwide. BvD is best known for its range of international company information products that combines multiple high-quality data sources with flexible software to allow users to manipulate data for research, marketing intelligence and analysis. Products include Fame, Orbis, Amadeus, Bankscope, Isis and Osiris. BvD also publishes the global M&A database, Zephyr. http://www.bvdinfo.com

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Louise Green
@bureauvandijk
since: 11/2009
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