Corporate Development Professionals Optimistic for M&A in 2010
Intralinks canvassed the opinion of 150 senior decision makers at corporations across the globe. Respondents were drawn equally from the Asia-Pacific region, Europe and North America and were asked to give their opinion on a number of extant issues including the post-global financial crisis economic and dealmaking environment as well as the key challenges and opportunities corporations face over the next 12 months.
Intralinks, in association with mergermarket, is pleased to present the results of its recent global survey of Corporate Development professionals. The publication of the report comes at a critical time as the global M&A market, and indeed the wider economy, begins to show signs of recovery just 12 months on from the acute onset of the global financial crisis. The survey results provide a detailed look into corporate deal makers’ assessments, insights and sentiments on the state of the current market and the outlook for the future.
The survey results show that the wariness that gripped global markets in the autumn of last year is now giving way to cautious optimism. Indeed, nearly two thirds (66%) of those surveyed believe the macroeconomic environment in their region will improve in 2010, while 8% believe it will happen before the end of this year and a further 16% say it is already underway.
Respondents are slightly more reserved in their outlook for corporate M&A activity in the coming 12 months with just over one third saying they are optimistic (30%) or very optimistic (5%). Given the challenges that corporates continue to face when looking to undertake transactions – namely the cost and availability of debt financing and continued price dislocation – it is particularly noteworthy that only 20% of respondents are pessimistic about future deal making prospects while just under half (44%) hold a neutral view.