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Global M&A Trends: An Inside Perspective2010 JEGI Media & Technology Conference
Fred Mather
January 21, 2010
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Industry Leader
Leading provider of global M&A virtual
datarooms
A Unique View into Global M&A Markets
Industry Standard
Currently involved in almost 50% of global
deals valued at greater than $25M
Industry Insight
Deals active on IntraLinks as many as three months prior to public announcement
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Deal Flow Activity Review
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Trends in Global Deal Volume
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Q4 2009 Major Findings
• 12% Increase in Global Deal Activity in Q4 ‘09 vs. Q3 ‘09
• Q4 ‘09 Deal Flows Almost Equal to Q1 ‘08 Levels
• Overall Deal Activity Increase in Q4 ‘09 vs. Q3 ‘09 Driven by Geographic Regions
• EMEA: +20%
– Bottom seen in Q2 ’09; slight subsequent increase by followed by significant spike
– Q2 and Q3 ‘09 had combined 10% increase in deal flow
• North America: +12%
– Bottom seen in Q1 ’09; steady subsequent increase
– Q2 and Q3 ‘09 had combined 22% increase in deal flow
• Latin America: +9%
– Bottom seen in Q1 ’09
– 2% increase from Q2 to Q3 ‘09
Q4 ‘09Q4 ‘09Q1 ‘08Q1 ‘08Global Deal Volume =
+12%+12%
Global Deal ActivityQ4 ‘09 vs. Q3 ‘09
+20%+20%
EMEA
+12%+12%
North America Overall
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Four Primary Drivers
1. Continued Stability in the Equity Markets
• North America — DJIA
– up 7% vs Q3 ‘09 and 16% for full-year 2009
• EMEA — DAX, FTSE, CAC
– up more than 5% vs. Q3 ‘09 and more than 17% full-year 2009
• AsiaPac— Hang Seng, Nikkei
– up more than 4% vs. Q3 ‘09
– Hang Seng up more than 40% for full-year 2009
2. Increased Buying Activity in VC/PE-backed Companies
– driven by corporations’ stronger balance sheets and cash reserves
3. Resurgence in Financial Sponsor Activity
4. Thawing Credit Markets
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Varying Industry Trends Q4 2009
• Double-digit increases in Telco & Media Transactions (+32%)
• Modest increases in Industrial & Manufacturing (+4%) and Energy Transactions (+12%)
• Slight softening in Consumer and Real Estate Sector Transactions
+4%+4%+32%+32%
Telco & Media Industrial &Manufacturing
+12%+12%
Energy
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2009 vs. 2008Additional Year-over-year Observations
Q4 ‘09 vs. Q4 ‘08
• 12% increase in number of global deals across all major geographic regions
Full-year 2009 vs. Full-year 2008
• 17% overall decrease in number of global deals
• Improving trend in deal activity from Q1 ‘09 to Q4 ‘09
+12%+12%-17%-17%
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IntraLinks Deal Flow Indicator
Copies of the IntraLinks Deal Flow Indicator (DFI), our quarterly, inside view of deal activity and trends in the global M&A market, are available on the display table outside this room.
Visit www.intralinks.com/dealflow and sign up to automatically receive the IntraLinks Deal Flow Indicator (DFI) as it becomes available each quarter.
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