M&A: Stock offerings will fund 2010 M&A boom

Leverage concerns suppress loan, bond options; Well-capitalized firms will have pick of best targets

One of the few points of consensus about the 2010 outlook among European investors is that organic growth opportunities will be thin on the ground. Most fund managers, it seems, would prefer to back a well-known management team with a clear acquisition strategy.

Rupert Mitchell, Jefferies International

“If a management team has successfully executed a buy-and-build strategy, it may be possible to get blind funding for acquisitions but there is not a lot of trust out there”

Rupert Mitchell, Jefferies International

“There was a definite shift in investor appetite towards growth financing in the US at the tail end of May.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access