The DFI, which provides an indication of future merger and acquisition activity by tracking global sell-side M&A mandates and deals reaching due diligence prior to public announcement, presented varied quarter-on-quarter numbers for Q1 2013 as compared to Q4 2012, with an overall increase globally of half of one percent.
North America and Asia Pacific showed increases of six percent and two percent respectively, while Europe/Middle East/Africa (EMEA) dropped less than half of one percent and Latin America decreased 26 percent.
Despite varied quarter-on-quarter numbers, the DFI showed an 11 percent increase in M&A deal activity year-on-year, with most regions showing positive trends for Q1 2013 over Q1 2012 except Latin America, which dropped one percent. EMEA showed the strongest growth (24 percent), with smaller positive trends in Asia Pacific (six percent) and North America (five percent).
“This quarter is showing us a global rebalancing of dealmaking activity,” said Matt Porzio, vice president, M&A product marketing at Intralinks. “Emerging markets like Latin America and Asia Pacific declined dramatically over the quarter to approach normal levels as investors sought balance and a return to mature markets. We are definitely seeing some of the larger deals starting due diligence, but middle-market deals are moving at a slower pace than last year. The market remains ripe for deals, but a key element is the willingness of management and boards to move forward. Multiple sources have cited the lack of CEO confidence as a continued drag on activity.”
The Intralinks DFI is based on the company’s involvement in a significant percentage of early-stage M&A deals, providing a leading indicator of global deal activity. Intralinks has been a global provider of M&A virtual data rooms for more than 15 years, providing a cloud-based platform that accelerates deals from the beginning to the end of the process. In today’s economy, the ability to conduct due diligence on opportunities around the world and execute on deals that achieve value requires a concentrated strategy.
About the Intralinks Deal Flow Indicator
The Intralinks Deal Flow Indicator is intended to provide Intralinks’ perspective on the level of M&A due diligence activity taking place during any given period of time. The statistics contained in the DFI represent the volume of virtual data rooms opened, or proposed to be opened, through Intralinks for the purpose of conducting due diligence on proposed transactions including asset sales, divestitures, private placements, financings, capital raises, joint ventures, and partnerships. These statistics are not adjusted for changes in Intralinks’ share of the virtual data room market or changes in market demand for virtual data room services. These statistics may not correlate to the volume of completed transactions reported by market data providers and should not be construed to represent the volume of transactions ultimately consummated during any period of time. In addition, the statistics provided by such market data providers may be compiled with a different set of transaction types than those set forth above. For more information about the DFI, please visithttp://www.intralinks.com/knowledge/intralinks-deal-flow-indicator.
THIS PRESS RELEASE AND THE DEAL FLOW INDICATOR (COLLECTIVELY “THE MATERIALS”) ARE PROVIDED “AS IS” FOR INFORMATIONAL PURPOSES ONLY. INTRALINKS MAKES NO GUARANTEE, REPRESENTATION OR WARRANTY OF ANY KIND REGARDING THE TIMELINESS, ACCURACY OR COMPLETENESS OF THE CONTENT OF THE MATERIALS. THESE MATERIALS ARE BASED ON INTRALINKS’ OBSERVATIONS AND SUBJECTIVE INTERPRETATIONS OF DUE DILIGENCE ACTIVITY TAKING PLACE, OR PROPOSED TO TAKE PLACE, ON INTRALINKS’ VIRTUAL DATA ROOM PLATFORM FOR A LIMITED SET OF TRANSACTION TYPES. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF INTRALINKS’ BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR OR FUTURE PERIOD. THESE MATERIALS ARE NOT INTENDED TO CONVEY INVESTMENT ADVICE OR SOLICIT INVESTMENTS OF ANY KIND WHATSOEVER.
THE INTRALINKS DEAL FLOW INDICATOR MAY BE USED SOLELY FOR PERSONAL, NONCOMMERCIAL USE. THE CONTENTS OF DFI MAY NOT BE REPRODUCED, DISTRIBUTED OR PUBLISHED WITHOUT THE PERMISSION OF INTRALINKS. FOR PERMISSION TO REPUBLISH DEAL FLOW INDICATOR CONTENT, PLEASE CONTACT INFO@INTRALINKS.COM.
Forward Looking Statements
The forward-looking statements contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are express or implied statements that are not based on historical information and include, among other things, statements concerning Intralinks’ plans, intentions, expectations, projections, hopes, beliefs, objectives, goals and strategies. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from those contemplated in these forward-looking statements. Accordingly, there can be no assurance that the results expressed, projected or implied by any forward-looking statements will be achieved, and readers are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements in this press release speak only as of the date hereof. As such, Intralinks undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For a detailed list of the factors and risks that could affect Intralinks’ financial results, please refer to Intralinks public filings with the Securities and Exchange Commission from time to time, including its Annual Report on Form 10-K for the year-ended December 31, 2012. Intralinks undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.
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