M&A Transaction Value Plummets 23 Percent from Q2 to Q3 2011
Value falls from $13.5 billion to $10.4 billion, per Berkery Noyes.
According to a report from investment bankers Berkery Noyes, media M&A in third quarter 2011 experienced a higher transaction volume, but a lower transaction value, than in second quarter 2011. Volume is up 14 percent, increasing from 305 to 348 transactions in third quarter 2011; while monetary value is down, falling from $13.5 billion to $10.4 billion.
Bloomberg L.P. claims one of the highest valued acquisitions of the third quarter, buying independent business, legal and government information publisher BNA for $963 million. Following Bloomberg and BNA in top M&A transaction value is research company Ipsos S.A.’s acquisition of global market research firm Synovate Limited for $847 million.
These two deals are added to the top 10 valued transactions thus far in 2011; this is group is led by West Australian Newspaper Limited’s acquisition of Seven Media Group (valued at $4.1 billion). Hearst Magazine’s completion of the Lagardere magazine acquisition also landed in the top 10, worth $898 million.
Communications group Publicis Groupe SA was the most active acquirer in third quarter 2011, completing 17 deals; these include the acquisitions of public relations company Schwartz Communications and Brazil-base advertising agency DPZ.