Last Year Saw an Extremely [...]; Andy Moore, Partner at Clearwater, Comments on CROSS-BORDER ACTIVITY

The Birmingham Post (England), March 25, 2010 | Go to article overview
Save to active project

Last Year Saw an Extremely [...]; Andy Moore, Partner at Clearwater, Comments on CROSS-BORDER ACTIVITY


Byline: Andy Moore

Last year saw an extremely low volume of corporate transactions, with cross-border M&A suffering just as much as domestic activity.

The general uncertainty that permeated both the economy and the financial markets meant that very few transactions were successful in making it to the finishing line. On the whole, vendors chose to sit tight and wait until more fa-a vourable sale conditions began to emerge. And where deals did get over the line, they tended to involve distressed businesses that had no option but to sell.

Already, 2010 is shaping up to be considerably more positive. With certainty, confidence and clarity gradually returning to the deals market, acquisitions appear to be back on the agenda for a number of corporates, and we have seen a volume and variety of cross-border transactions in Q1 of 2010 unlike that of the same period in 2009 - many of them involving Midlands businesses or advisors. Many vendors are also tiring of sitting on their hands, and are reassured by the fact that quality assets are beginning to attract strong prices. At Clearwater, we have so far in 2010 advised on cross-border deals such as Switzerland-based Mibelle AG's acquisition of a majority stake in British per-r sonal care products producer, Hallam Beauty, and the acquisition of Danish cleaning supplies and equipment specialist, Clean Care A/S, by global out-t sourcing group, Bunzl plc. As the UK member of global mergers and acquisitions organisation, IMAP, our international reach has been key to originating and completing these deals.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Last Year Saw an Extremely [...]; Andy Moore, Partner at Clearwater, Comments on CROSS-BORDER ACTIVITY
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?