Global chemical mergers and acquisitions trade less active
According to the latest report of the United States Young and Partners, this year, the activity of the global chemical industry M&A transaction continued to weaken. The amount of M&A transactions completed in the global chemical industry in the first quarter was only US$6 billion. This figure is quite different from the US$17 billion M&A transaction volume in the first quarter of 2011 and the US$82 billion M&A transaction volume in 2011.
Peter Yang, chairman of Young & Partners, said that the global chemical M&A market has clearly fallen from its peak in terms of both transaction volume and transaction volume, mainly due to the uncertainties in the global economic outlook and the difficult suppression of the financing environment. Trading activity. Although strategic buyers are under pressure to pursue business growth, they are still very cautious in the uncertain economic environment.
Peter Yang said that the current M & A trading market certainly can not be said to be strong, even if the Eastman Chemical Company completed the purchase of Solutia for $ 4.7 billion in the next few months will fill the gap between the merger and acquisition transactions in the same period last year. He believes that the global chemical M&A transaction activity experienced a strong beginning in early 2011 and began to weaken in the fourth quarter. The only large-scale M&A deal this year is Eastman Chemical’s $4.7 billion purchase of Solutia, which is expected to be completed by the middle of this year.
The report shows that since the second quarter of 2011, the number of M&A transactions announced in the global chemical industry has declined quarter by quarter, and the M&A transaction announced in the second quarter of last year was US$34 billion, but it was announced in the first quarter of this year. The volume of M&A transactions was only US$7.8 billion.
Some analysts pointed out that although the global chemical M&A transaction activity has weakened, it does not mean that the M&A activity in the rest of the year will stay in the first quarter. If the European debt crisis does not deteriorate and the financing market tends to be stable, then M & A trading activity will regain strength. Because the current market has a large number of buyers willing to acquire business and sellers willing to sell the business. Although private equity companies sold a large number of chemical businesses in 2009 and 2010, these companies still hold large amounts of chemical business and are seeking to sell in the M&A market.
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