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M&A growth noted for chemicals sector

9 November 2010

New research has indicated that the global chemical industry will be one of the sectors to show major growth in mergers and acquisitions (M&A) this year.

According to a report from PricewaterhouseCoopers (PwC), the industry's deal volume for the first three quarters of 2010 has already exceeded the full-year total for 2009.

The company's findings suggest large deals are returning to the chemical sector, with the average transaction in the third quarter rising to $90 million (£55.8 million), up from $82 million in 2009.

Excluding a "mega-deal" that has only just been announced, PwC said M&A in the industry stands at $27.6 billion for the year to date.

Global chemicals leader for PwC Tracey Stover explained that a "considerable uptick in deal activity" has been observed since December last year.

She added: "The type of deal activity has changed, as seen in the gradual increase in deal size, as well as the growing level of private equity activity."

Last month, a PwC report revealed that deal values in the European financial services sector rose to €17 billion (£14.6 billion) in the third quarter, up 55 per cent on the previous three-month period.

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Categories: Commercial


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