Intersections. Third-quarter 2011 transportation and logistics industry mergers and acquisitions analysis

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In the report, you'll find:

• noteworthy M&A trends in the industry;
• charts and graphs depicting deal activity; and
• a recap of large and regional deal activity

Mega-deals—transactions worth $1 billion or more—increased in number. Financial investors were active in mega-deals despite being less engaged in overall deal activity. They are likely to focus primarily on certain larger infrastructure deals and select distressed targets. Strategic players, continuing to stockpile cash, are in the best position to drive further recovery in M&A totals. 

Overall, deal multiples remained high and are more likely to contract than expand. During 2011, the acquirers paid approximately the same median value-to-EBITDA ratio for targets in emerging markets as they did for targets in advanced markets, a stark contrast from the norm of the past decade.

In addition to a detailed summary of M&A activity in the second quarter, this edition includes a special practical part and a case study.

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