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M & A activity in Sweden in 2011   
 Period Value, million EUR Value, million USD Number of deals
Q1 2010 2890 25 751 55
Q1 2011 2190 19 514 57
Q2 2010 3078 27 427 52
Q2 2011 9099 81 077 76
Q3 2010 3147 28 041 64
Q3 2011 3502 31 205 62
Q4 2010 3802 33 878 72
Q4 2011 6208 55 316 61
Key Note for the above data
Based on completed transactions
Q4 extends from October 1, 2011 till December 23, 2011
Includes transactions valued at over $ 5 million
Source: Mergermarket

 M & A activity in Sweden 2011

  • Number of M & A transactions in 2010: 243
  • Number of M & A transactions in 2011: 256
  • Value in 2010: 12.9 billion euros (Skr115 billion)
  • Value in 2011: 21 billion euros (Skr187 billion)
Source: Mergermarket

Swedish big companies did good business during the crisis years as the value of mergers and acquisitions increased
Monday, 02 January 2012
Despite turmoil in the global economy, Swedish big companies carried out some big business transaction in the whole year 2011 lifting to some 60 percent on overall businesses conducted.
According to some exclusive data, despite 2011 being a very crisis year, it was far from dead in the market for mergers and acquisitions in Swedish the big Swedish giants were involved. On the contrary it turned out to be a great year.

The total value of all transactions increased over 60 percent - from Skr115 billion in 2010 to Skr187 billion in 2011, according to recent statistics from research firm Merger market, as reported by various Swedish business media.

The number of transactions increased slightly compared to 2010 - from 243 to 256. A number of large deals during the second and fourth quarter of the year were responsible in pulling up the value, according to reports.

"The first half was a sense of optimism and a well-functioning financial market. We saw several fine and large transactions carried out, "said Fredrik Lindqvist, vice president for corporate at the law firm Linklaters, to Swedish business daily Dagens Industri.

After a slow start in 2011, company business took momentum in the second quarter. The number of purchases increased to 76 individual businesses, compared with 57 in the previous quarter and 52 the same period last year. A few large transactions almost tripled the value of transactions were carried out compared to same quarter of the 2010.

A large business was American Thermo Fisher Scientific's acquisition of diagnostic company Phadia for Skr22 billion in May. Another was the sale of the security services company, Securitas Direct to Hellman & Friedman and Bain Capital for Skr20 billion.
But in the second half there was a clear slowdown in the transaction market, according to Fredrik Lindqvist.
"The financial environment is worse even if they are still quite okay in the Nordic countries viewed from a European perspective. It's not a total collapse. There were a few auction processes in the fall. Much of what was planned and was going to be announced in August, September and October, was either cancelled or was postponed, "he says.

In the third quarter, the number of corporate transactions and, also the total value of transactions appeared. But then, the value of business transactions grew sharply again in the fourth quarter.  

The largest of the transaction was the life assurance company Skandia Liv  which recently acquired insurance company Skandia from Old Mutual for Skr22 billion. The second largest deal was Sandvik's bid for the rest of the publicly listed subsidiary Seco Tools in November. Another big deal in the fourth quarter was the merger of Cloetta and Leaf for a new candy giant on the stock exchange, which was announced in December.

"Several industrial companies have increased their presence and made some nice acquisitions. The really big companies with fully stocked cash need not be adversely affected by the crisis, "says Fredrik Lindqvist.
The largest M & A transactions in 2011     
Date Companies Buyer / Bidder Selling Company Value of the deal, million EUR Value of the deal, million USD
15-Dec Skandia AB Skandia Liv Old Mutual plc 2503 22 303
19-May Phadia AB Thermo Fisher Scientific Inc Cinven Limited 2470 22 009
23-Jun Securitas Direct Hellman & Friedman LLC, and Bain Capital LLC EQT Partners AB 2292 20 423
21-Jul Com Hem AB BC Partners Limited The Carlyle Group LLC, Providence Equity Partners LLC, and AXA Private Equity 1800 16 039
25-Feb Dometic International AB EQT Partners AB Dhaba in SA 1363 12 145
22-Jun Astra Tech AB DENTSPLY International AstraZeneca Plc 1254 11 174
07-Nov Seco Tools AB Sandvik AB   848 7556
27-Jun Niscayah Group AB Stanley Black & Decker Inc   792 7057
16-Dec LEAF AB Cloetta AB CVC Capital Partners Limited, and Nordic Capital 745 6638
07-Apr Cardo Flow Solutions Sulzer Ltd. Assa Abloy AB 656 5845
Source: Merger Market
He believes that volatility in financial markets could push forward transactions.
Compared with 2006 and 2007 there have been relatively few transactions in total in 2010 and 2011, emphasizes Fredrik Lindqvist.

"The beginning of 2011 was quite busy. I do not believe in such a hectic start to the 2012. However, in terms of activity the second half was a low point. As long as there is has not been a total collapse of the euro, we see a tendency for activity to carefully start increasing again… "he said to the paper.
By Scancomark.se Team.

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