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CAPITAL MARKETS

Deals of the year 2009: M&A – Pfizer prepares for life after Lipitor

February 07, 2010
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A big M&A deal was a no-brainer, but the Wyeth buyout was still a surprise.

Global Awards
High grade High-yield
Equity M&A
Structured credit Restructuring
Regional Awards
Asia Latin America
CEE Middle East
Transaction value: $68.4 billion
Date: Announced January 2009, completed October 2009
Advisers to Pfizer: Bank of America Merrill Lynch, Goldman Sachs, JPMorgan, Barclays Capital, Citi
Advisers to Wyeth: Evercore, Morgan Stanley
Global coordinators: Goldman Sachs, HSBC, JPMorgan

Although secondary financial markets recovered strongly last year and primary debt and equity capital markets bankers were all kept busy, the shattered confidence of corporate management teams and investors was most evident in the collapse of M&A volume. Global volume totalled $2.4 trillion in 2009, the lowest since 2004 and down 24% on the $3.17

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