Goldman gets glory in record year

Article Abstract:

The number of mergers and acquisitions deals closed in Europe rose from 7,217 in 1998 to 9,550 during 1999, with the total market rising in value from $517.8 billion in 1998 to $764 billion in 1999. The highest performing sector was telecommunications which accounted for 15% of the total market in 1999. Investment bank Goldman Sachs completed the highest number of deals by value making it the top European advisor for 1999.

Evaluation, Europe, Goldman Sachs and Co.

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Goodwill hunting

Article Abstract:

The 94 million pounds sterling pooling of interest (POI) takeover by Interpublic of International Public Relations (IPR) employed the technique of writing goodwill off the company value. IPR lost up to 120 million pounds sterling by having the firm's value calculated without goodwill. The process of POI is best used when a very small firm is taken over by a large company which would suffer no ill effects by having shareholders sell a large proportion of shares.

Mergers, acquisitions and divestments, International Public Relations PLC, Goodwill (Business), Interpublic Ltd.

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Risky chasers

Article Abstract:

The European food and drink management buyout market is valued at 3,766.10 million pounds sterling from 1988 to 1998, with a total of 255 deals being completed during the ten years. The busiest year was 1997, with 34 deals being completed worth 891,46 million pounds sterling. The largest deal during the period from 1988 to 1998 was Grand Metropolitan's 9,800 million pounds sterling takeover of Guinness which took place in May 1997. The industry is being driven by a need to reduce operational costs while increasing shareholder value.

Industry Overview, Food industry, Beverage industry

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