In 2019, IMAP closed 234 M&A deals valued at over $13 billion. The result was higher than the previous year (208) and indeed, marked IMAP’s strongest performance since 2012. Average disclosed IMAP deal value stood at $66.9 million. IMAP advisors reported competitive forces, industry consolidation and succession planning as the principal motives for initiating transactions among its clients.
Low interest rates, along with the increasing unease regarding a potential economic slowdown on the horizon, also drove deal activity. Last year, over 32% of IMAP’s transactions were cross-border, which is higher than usual and, given the general market slump in cross-border deal flow, reflects IMAP’s truly global nature. Roughly a quarter of IMAP transactions in 2019 involved Private Equity firms.
Jurgis Oniunas, IMAP Chairman, said: “IMAP is a growing and dynamic international mid- market organization, whose global team of nearly 500 committed M&A professionals, consistently deliver both in terms of number and quality of deals. Our partners deliver high quality opportunities, together with the promise that the process will be managed with professionalism and integrity every time - wherever we are in the world - that’s the true power of the IMAP partnership.”
The Italian Ariston Thermo Group (Ariston) has acquired the majority of shares in Kesselheld GmbH (Kesselheld), one of the leading digital start-ups in heating installations in Germany.
Read the Chairman's Letter introduction to the Coronavirus special edition of IMAP's publication, Creating Value.