Berkery Noyes Releases 2009 Information Industry Merger & Acquisition Trends - Mixed Messages

Jan 12, 2010, 11:14 ET from Berkery, Noyes & Co.,LLC

NEW YORK, Jan. 12 /PRNewswire/ -- Information Industry M&A activity experienced a significant half-to-half gain in aggregate value and a slight half-to-half increase in aggregate volume. Aggregate value increased by 115% from approximately $27 billion in 1st Half 2009 to approximately $58 billion in 2nd Half 2009. Volumetrically, activity increased by 5% from 651 deals in 1st Half 2009 to 686 in 2nd Half 2009.

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Year-to-year, the Information Industry exhibited mixed trends with a volumetric decline but a slight gain in aggregate value. Total transaction volume declined by 22% from 1716 deals in 2008 to 1337 in 2009. Aggregate value increased by 3%, from $82.12 billion in 2008 to $84.31 billion in 2009.

The largest transaction in the Information Industry was the proposed joint venture between Comcast and General Electric's NBC Universal, announced on December 3rd.  Comcast will contribute cash and assets valued at $13.75 billion for a 51% stake in the joint venture. The aforementioned transaction is nearly double the next largest transaction, Oracle's proposed acquisition of Sun Microsystems for $7 billion, announced on April 19th.

Please note that for evaluating aggregate transaction values, value represents total consideration paid by acquirer. For multiples Berkery Noyes uses enterprise values (EV) which is an adjusted value that normalizes values where less than 100% of a company is being acquired or has Net debt.

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Berkery Noyes provides skilled transaction management to publicly traded and privately held businesses and private equity groups in both sell-side and buy-side mergers and acquisitions. We have managed transactions ranging from several million to more than four billion dollars in value, with an emphasis on mid market transactions of $10 million to $500 million in enterprise value.

Our clients include private companies seeking a buyer, most of the major international information companies, and private equity firms who use the firm's expertise in locating, analyzing and negotiating with acquisition candidates and in managing divestitures. The firm operates with a staff of forty professionals serving the information industry.

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SOURCE Berkery, Noyes & Co.,LLC