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DEAL FLOWINDICATOR
4th Quarter 2009 Reportjanuary 14, 2010
1 866 INTRALINKS
New York + 1 212 342 7684
London + 44 (0) 20 7060 0660
Hong Kong + 852 3101 7022
www.intralinks.com
4th Quarter 2009 Report • january 14, 2010
INTRALINKS DEAL FLOW INDICATOR
Major Findings
• A12%increaseinglobaldealactivityinQ42009versusQ32009,buildingonanexisting10%uptickindealactivityreportedinbothQ2andQ32009
• Q42009dealflowalmostequaltoQ12008dealflowlevels,buildingonthreestraightquartersofdouble-digitgrowthinglobaldealactivity
• DealactivityincreasedrivenbyactivityacrossEMEA,NorthAmerica,andLatinAmerica
– EMEA:20%increase
– NorthAmerica:12%increase
– LatinAmerica:9%increase
Four Primary Drivers
• Continuedstabilityintheequitymarkets
– DowJonesIndustrialAverage:Up7%versusQ32009and16%forfull-year2009
– EuropeanMarkets:DAX,FTSEandCACupmorethan5%versusQ32009andmorethan17%forthefull-year2009
– Asia-PacificMarkets:HangSengandNikkeiupmorethan4%versusQ32009;HangSengupmorethan40%forfull-year2009
Thesegainsintheequitymarketshavecontinuedtohelpnarrowthevaluationgapthathasexistedbetweenbuyersandsellersandfreecapitalsourcesglobally.
• IncreasedbuyingactivityinVentureCapital/PrivateEquity-backedcompaniesasaresultofcorporations’strongerbalancesheetsandincreasingcashreserves
• Resurgenceinfinancialsponsoractivity
• Thawingcreditmarkets
Our Quarterly Review of Trends in the Global M&A Market
TheIntraLinksDealFlowIndicatorwascreatedtoprovideanearlyviewofdealflowactivity
andtrendsintheglobalmarket.
IntraLinkshasbeentheleadingglobalproviderofM&Avirtualdataroomsformorethan10
yearsandiscurrentlyinvolvedinnearlyhalfofallglobaldealtransactionsgreaterthan$25
million.MostofthedealsinwhichweareinvolvedareactiveonIntraLinks’VDRsasmanyas
threemonthspriortopublicannouncement,providinguswithuniqueinsightandperspective
onglobaldealflows.
4th Quarter 2009 Report • january 14, 2010
INTRALINKS DEAL FLOW INDICATOR
Trends Vary by Industry
• Significantdouble-digitincreasesinthenumberoftelecomandmediatransactions
• Modestincreasesinindustrial,manufacturingandenergysectortransactions
• Slightsofteninginconsumerandrealestatesectortransactions(basedonnumberofdealsreachingduediligencestage)
Additional Year-over-year Observations
• 12%increaseinnumberofglobaldealsinQ42009versusQ32009acrossallmajorgeographicregions(NorthAmerica,LatinAmerica,EMEAandAsia-Pacific):largestgrowthobservedinEMEA
• 17%overalldecreaseinnumberofglobaldealsforfull-year2009versusfull-year2008(despiteimprovingtrendindealactivityoverlastthreequarters)
TheIntraLinksDealFlowIndicatoriscalculatedbasedonthetotalvolumeofIntraLinksexchangesthatwereproposedforusebydealteamsthatinitiatedprojectsduringthequarter.Thetotalsarethenanalyzedbyglobalregionsandcomparedtoprevioustimeperiods.
©2010IntraLinks,Inc.IntraLinks,theIntraLinkslogoandIntraLinksDealFlowIndicatoraretrademarksofIntraLinks,Inc.Allrightsreserved.Notice:DealFlowIndicatormaybeusedsolelyforpersonal,non-commercialuse.Contentsofthisreportmaynotbereproduced,distributedorpublishedwithoutthepermissionofIntraLinks.ForpermissiontorepublishDealFlowIndicatorcontent,[email protected]“asis”forinformationpurposesonly,andIntraLinksmakesnoguarantee,representationorwarrantyofanykindregardingthetimeliness,accuracyorcompletenessofitscontent.
% o
f Q1
2008
Dea
ls
Q108
+9%-2%
-19%
-18%+10%
+10%
+12%
Q208 Q308 Q408 Q109 Q209 Q309 Q4090%
20%
40%
60%
80%
100%
120%
TRENDS IN GLOBAL DEAL VOLUME
ThefirstbarontheleftisthebenchmarkshowingthenumberofdealsinQ12008.
Thelineshowsthequartertoquarterchangeindealvolume
