(1888PressRelease)
October 05, 2007 - The deal value of mergers and acquisitions dipped in September as the global credit crunch squeezed the amount of debt finance available to buyers, new research has revealed.
According to figures from Thomson Financial during September there was $192 billion worth of M&A deals.
This represents the lowest monthly total since August 2005 - and is a decrease of 66 per cent from July.
Commenting on the figures a spokesman from Thomson Financial said: "Plagued by a meltdown in the sub-prime mortgage sector and general concerns over the health of the global credit markets, issuers and underwriters were left largely standing on the sidelines during the latter half of the quarter."
However, despite the recent downturn, Thomson's figures showed that announced global M&A activity increased to $3.6 trillion during the last nine months - an increase of 50 per cent compared with the year ago period.
TThe lion's share of the activity was recorded in Europe and America, which contributed to 40 per cent and 38 per cent of the total deal value respectively.
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