The Q2 2013 DFI shows a 24% jump in quarter-over-quarter global early-stage M&A activity, representing the largest quarterly increase for five years, with consistently strong performance across all geographies and markets.
Increases in deal activity in emerging markets were particularly strong, while Europe and North America also saw a return to healthy activity after a prolonged period of cautiousness by investors.
“The growth in global M&A activity signals a strong return in investor confidence levels,” said Matt Porzio, vice president, M&A strategy and product marketing at Intralinks. “The second half of 2013 should see a high volume of announced M&A deals across most sectors, even in territories like Europe where there is still lingering economic uncertainty. After several mixed quarters, we’re seeing signs of a recovery in the M&A market.”
Q2 2013 Intralinks Deal Flow Indicator Highlights
The Intralinks DFI tracks global sell-side mandates and deals reaching due diligence prior to public announcement, providing a leading indicator of global deal activity. The DFI is based on the company’s insight into a significant percentage of early-stage M&A transactions. Highlights from the Q2 DFI include:
Sustained US economic recovery combined with stronger corporate performance helped drive a 25% increase in the DFI quarter-over-quarter (3% year-over-year). In addition, US companies increasingly aren’t repatriating overseas profits, but are instead using those funds to buy foreign assets.
Europe, Middle East & Africa (EMEA)
Despite a weak economic backdrop, the DFI shows a 19% quarter-over-quarter growth in EMEA (23% year-over-year). Driving this activity is a boom in divestitures, driven by foreign acquirers buying assets they perceive to be undervalued or with long-term growth potential.
The DFI for Latin America grew by 35% quarter-over-quarter (13% year-over-year), while Asia Pacific grew 31% quarter-over-quarter (45% year-over-year). In both markets local buyers made up for a lack of activity from large foreign corporates.
Intralinks is a leading supplier of solutions for managing strategic transactions. Intralinks Dealspace®, the market leading virtual data room (VDR), gives M&A professionals a complete solution to run the full lifecycle of a deal. Intralinks Dealspace supports every step of the deal process, enabling deal teams to securely exchange data with buyers, sellers and advisors, helping speed strategic transactions such as mergers, acquisitions, divestitures, capital raises and corporate restructurings.
To receive a free detailed report on the latest DFI data, please visit http://www.intralinks.com/sem/deal_flow_indicator.html.
About the Intralinks Deal Flow Indicator
The Intralinks Deal Flow Indicator provides 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 or other providers 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 that may be reported by market data providers and should not be construed to represent the volume of transactions that will ultimately be consummated during any period of time. Indications of future completed deal activity derived from the DFI are based on assumed rates of deals going from diligence stage to completion. In addition, the statistics provided by market data providers may be compiled with a different set of transaction types than those set forth above.
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’ OR OTHER PROVIDERS’ VIRTUAL DATA ROOM PLATFORMS 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, CURRENT OR FUTURE PERIOD, NOR ARE THESE MATERIALS INTENDED TO PROMISE, GUARANTEE OR ASSURE FUTURE LEVELS OF COMPLETED DEAL ACTIVITY. 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 and subsequent quarterly reports. 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.
Trademarks and Copyright
“Intralinks” and Intralinks’ stylized logo are the registered trademarks of Intralinks, Inc. This press release may also refer to trade names and trademarks of other organizations without reference to their status as registered trademarks. © 2013 Intralinks, Inc. All rights reserved.