Presentation to ABA International M&A Subcommittee · ©2011 Grant Thornton UK LLP. All rights...

©2011 Grant Thornton UK LLP. All rights reserved.

Presentation to ABA International M&A Subcommittee


Agenda

• Grant Thornton

• International M&A network

• Background to the research

• Key findings

• Group discussion


About Grant Thornton - a truly global presence

Grant Thornton International

�Worldwide revenues of $3.7 billion�500 locations in over 100 countries�more than 2,600 partners�over 30,000 employees

Grant Thornton US

�US revenues of $1.2 billion�50 locations�more than 500 partners�over 5,000 employees


Grant Thornton Corporate Finance in the US

• Specialize in mergers & acquisitions, enabling our clients to realize significant liquidity events and pursue growth opportunities

• We are dedicated exclusively to the middle market and focus on transactions under $200 million inenterprise value

• Registered broker dealer and member of FINRA and SIPC


Mergers and acquisitions.

Prospects for global recovery


Grant Thornton International M&A

• Focus on mid-market transactions

• Deal size typically $10 million to $200 million

• Increasingly cross-border

• Teams of scale in all active markets

• Coordinated approach through a global leadership team


Bringing value to our clients

• Understanding local markets

• Sourcing buyer and acquisition targets

• Extended relationship reach

• Sector knowledge and experience

• Single point of contact for our clients


The Grant Thornton International Business Report(IBR)

• IBR surveys decision makers of medium to large privately held businesses (PHBs).

• Over 6,000 respondents in 39 economies.

• Fieldwork conducted at the end of 2010.

• Data collection managed by Grant Thornton International's core research partner - Experian.


Key findings

• PHBs show renewed confidence in their M&A plans.


PHBs planning to grow through acquisition


Key findings

• PHBs show renewed confidence in their M&A plans

• Access to new markets and building scale are the key drivers behind acquisition plans.


Key drivers behind acquisition plans


Key findings


• Access to new markets and building scale are the key drivers behind acquisition plans

• More PHBs are anticipating a sale to either Strategic or Financial buyers


More PHBs anticipating a sale to either Trade or Financial investors


Key findings


• Access to new markets and building scale are the key drivers behind acquisition plans

• Increase in the proportion of PHBs anticipating a sale to either Strategic or Financial buyers

• Greater appetite for private equity funding.


Appetite for private equity funding compared to public listings

Presentation to ABA International M&A Subcommittee · ©2011 Grant Thornton UK LLP. All rights...

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Transcript of Presentation to ABA International M&A Subcommittee · ©2011 Grant Thornton UK LLP. All rights...