Dealmakers of the Year Awards

Two of the transactions on which I worked, the sale of Marken for £975 million and the buyout of CPA for £440 million were part of a group occurring around the turn of the year that gave hope that the market was now reviving, however the M&A market is not out of the woods just yet."


6 July 2010

I attended the inaugural “Dealmakers of the Year Awards” at Scott’s restaurant in London. The event, hosted by Intralinks with the support of the Mergermarket Group, celebrated the achievements of M&A practitioners who have excelled in their field during the past 12 months in spite the financial crisis and its dramatic effect on global M&A deal volumes.

Short listing for the event was undertaken independently by mergermarket using the mergermarket.com M&A deals database which tracks transactions where the value is greater than €5m. Financial advisors and lawyers qualified on the basis of advice given on transactions to UK-based corporations, targets, vendors and acquirers. Selection was based on both the total volume and value of deals advised on.

Nominated dealmakers were honoured at the dinner by Mergermarket’s CEO, Hamilton Matthews, who opened the evening by commenting, "It is reassuring to see that despite today’s rocky, challenging climate, dealmakers are seeking out opportunities and staying busy. Noteworthy deals such as the Consumer sector’s Kraft Foods £13.7bn acquisition of Cadbury and Barclays selling Barclays Global Investors to BlackRock in the Financial Services sector show encouraging signs that the M&A market is back and buzzing again.”

The event was attended by 40 M&A dealmakers representing 17 of the UK’s leading financial and legal institutions. The mood was celebratory, even though there is still some concern about the future of the global M&A market.

In the words of Chris Hale, Partner with Travers Smith LLP and a nominated dealmaker himself, "The period since the collapse of Lehman has been the most difficult for M&A practitioners for a generation or more. After a year or so of negligible transaction activity, deals began to return in the last couple of months of last year. Two of the transactions on which I worked, the sale of Marken for £975 million and the buyout of CPA for £440 million were part of a group occurring around the turn of the year that gave hope that the market was now reviving, however the M&A market is not out of the woods just yet."

Whatever the future holds for the M&A market this year, Intralinks will continue to support those involved in M&A through the entire deal lifecycle and we look forward to celebrating with next year’s dealmakers of the year!

Be sure to look out for my next blog where we’ll be releasing the results of our forthcoming Global M&A study and our recent M&A webcast.