SA economy`s mergers boom

Posted Mon, 10 Mar 2008

Mergers and acquisitions (M&A) activity in the South African market over 2007 has followed international trends, with the total deal volumes up 81% over the previous year, with the top ten deals coming in at R208.1-billion, a 51.5% increase over the top ten deals of 2006.

“For M&A in South Africa, 2007 will go down as a phenomenal year. International trends were reflected in the continued presence of private equity deals, and the tapering off of these transactions by the end of the year,” said Ernst & Young transaction advisory services director Dave Thayser in a company statement last week.

He was speaking ahead of the 11 March release of the Ernst & Young Review of Mergers & Acquisitions Activity for 2007.

“This trend was most evident in the sale of clothing retailer Edcon to a private equity consortium, which was the third largest overall deal in South Africa last year, and the largest private equity deal [continue reading]

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