The mining industry might be providing lots of business for M&A specialists, such as the mega Glencore/Xstrata deal, but so is the global aerospace and defense sectors, according to PWC. M&A totals reached a record level in 2011, according to Mission Control, a quarterly analysis of M&A activity.
Aggregate deal value reached USD43.7 billion supported by 341 deals in 2011, compared to total deal value of USD21.9 billion and 332 deals in 2010. The 2011 record surpassed the previous A&D deal record of USD42 billion in 2007. (Image: pwc).
Fast facts from DealMarket Digest
– Largest deal was the USD 16 billion transaction
– A total of six mega deals in 2011 compared to two in 2009.
– Larger deals driven by sales of slower-growth defense businesses and private equity
– Smaller deals driven by a desire to acquire growth
– U.S. entities were involved in the vast majority of A&D deals in 2011
– All but one of the six mega deals involved both a U.S. acquirer and a U.S. target.
– All of the European outbound deals above the $50 million threshold in 2011 were for North American targets.