With transaction volumes in the mergers and acquisitions area down by 40% as of mid-September, this year is likely to be remembered not only for the deals that were completed, but also for the reasons that more deals didn't get done. One of the main obstructions clogging up the pipeline since the beginning of the year is a scarcity of acquisition finance. But with a couple of landmark debt-financed deals already in the bag, the prospects for MA in the near future look more promising.
There is less liquidity in the market, said Marc Frenkenberg, co-head of Asia-Pacific acquisition and leveraged finance for Societe Generale. The size of leveraged deals that could be done...
¬ Haymarket Media Limited. All rights reserved.
