M&A market Q1 2012
The Swiss M&A market recorded an exceptional first quarter in 2012, as total disclosed deal volume reached almost CHF 71b. This significant rise, compared to the previous quarters, is mainly attributable to the announced merger between Glencore International and Xstrata.
If completed, the transaction would rank among the largest Swiss transactions in recent years. The deal is valued at approximately CHF 49b, equivalent to total disclosed Swiss M&A activity over the last three quarters combined.
Even when excluding the merger of Glencore International and Xstrata, total deal volume rose to approximately CHF 22b, still showing a significant increase when compared to the last two quarters. With 158 deals announced, the total number of transactions remained fairly constant, compared to Q4 2011.
Download the full report here: M&A_first quarter 2012_CH_E&Y