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New Research Identifies the Best Global Performers in M&ANEW YORK, May 28, 2015 /PRNewswire/ -- New research, authored by Intralinks® Holdings Inc. (NYSE: IL), and City University London's Cass Business School, has identified the best-performing global businesses in creating shareholder value from mergers and acquisitions (M&A). The study, Masters of the Deal: Part 2, looks at 20 years of data, the largest ever analysis of shareholder value creation from M&A, and analyzed 265,000 deals and the performance of over 25,000 global public companies. The research identified 1,469 elite global firms that consistently outperformed their peers in delivering above-average total shareholder returns. A complete list of these best performing companies in M&A can be found on the Intralinks website. The report also found the common M&A strategies employed by these high performing companies, which had a significant influence on their outperformance. The strategies of these companies, referred to in the report as Excellent Corporate Portfolio Managers (ECPMs), included:
The Best Performing Companies in M&A Number of ECPMs per region: US: 588 The Oil & Gas sector was found to have the highest percentage of firms identified as ECPMs (10.5%), followed by Industrials, Healthcare, and Technology. Globally, 6% of all companies examined for the report were identified as ECPMS. Regionally, it was European companies that were more likely to qualify as ECPMs. In fact, 12% of listed firms in the UK and France identified as ECPMs, along with 9% of the listed German companies. Even though the US had the highest number of ECPMs (40% of total sample), the US as a region fell below the global average with only 5% of US firms identified as ECPMs. Firms identified as ECPMs include: US: Colfax, Concho Resources, Dana Holding, EMC, EV Energy Partners, FleetCor Technologies, Google, IHS, Monsanto, RigNet, Salesforce.com, Targa Resources Partners, TriMas, Vanguard Natural Resources Europe, Middle East & Africa: Aberdeen Asset Management (UK), Intertek (UK), Mondi (UK), SABMiller (UK), Aros Quality Group (Sweden), HEXPOL (Sweden), AURELIUS (Germany), MBB SE (Germany), SMT Scharf (Germany), Burkhalter (Switzerland), Eurocash (Poland), Eurofins Scientific (Luxembourg), Nizhnekamskneftekhim (Russia), Jeronimo Martins (Portugal), Econocom (Belgium) Asia Pacific: Hinokiya Holdings (Japan), Maeda Kosen (Japan), Ancom Logistics (Malaysia), C.I. Holdings (Malaysia), Tiong Nam Logistics Holdings (Malaysia), Austin Engineering (Australia), Corporate Travel Management (Australia), M2 Group (Australia), Mineral Resources (Australia), Silver Lake Resources (Australia/span>) Americas excluding the US: Alimentation Couche-Tard (Canada), Amaya Gaming Group (Canada), Black Diamond Group (Canada), Canadian Energy Services & Technology (Canada), Constellation Software (Canada), GoGold Resources (Canada), SECURE Energy Services (Canada), Trinidad Drilling (Canada), Mexichem (Mexico), TOTVS (Brazil) Commenting on their inclusion among the list of best performing companies in M&A: Matthew Olton, Senior Vice President, Corporate Development, of EMC Corporation, a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service, said: "EMC is honored to be recognized as an Excellent Corporate Portfolio Manager by Intralinks. We take pride in EMC's reputation for transaction execution and our ability to cultivate, protect, and nurture both the culture and identity of acquired assets, which are both central to EMC's growth-centric approach to M&A. We believe this approach differentiates EMC in the market, and is fundamental to creating long-term shareholder value." Clifford E. Smith, Jr., Senior Vice President, Corporate Development and Acquisition Integration, IHS, said: "Our acquisition strategy and the manner in which we execute on it – with rapid and complete integration of acquired companies – is a strategic differentiator for our company. Delivering value through a balanced combination of both acquisitions and organic growth has allowed IHS to deliver tremendous value to stakeholders. We're pleased to be recognized for delivering superior shareholder returns as a result of our corporate development activities." Andrew King, CFO of Mondi Group, an international paper and packaging company, said: "Since our demerger from Anglo American in 2007, Mondi has adopted a disciplined, value-focused approach to investment and growth, with the aim of offering shareholders attractive returns over the long term. We are delighted that as a result of this strategy we have been recognized by Intralinks as an Excellent Corporate Portfolio Manager." Anthony Alford, Chief Executive Officer at Retail Food Group, said: "Retail Food Group (RFG) listed on the ASX in 2006 with the motivation of becoming the principal aggregator of retail food franchise systems, initially within Australia and subsequently internationally. Acquisition activity undertaken thus far has resulted in a substantial increase in outlets and Brand Systems under the Company's stewardship, namely 330 outlets and two Brand Systems in 2006 to in excess of 2,500 outlets and 12 Brand Systems in 2015. In addition, RFG has been able to partake of acquisition activity which has facilitated significant vertical integration and in particular, coffee, roasting, and allied beverage wholesale. M&A remains a key element of the Company's strategic growth platform, as RFG and its stakeholders benefit exponentially from such activity – not only with respect to the assets acquired but the scale and leverage delivered to the Company's existing business units. Successful acquisitive activity fosters unprompted vendor enquiry and ultimately accords RFG 'acquirer of choice'." The research leads on the Masters of the Deal research report also commented: Philip Whitchelo, Intralinks vice president of strategy and product marketing, said: "The report released today provides unique insights into the hotly debated topic of whether or not corporate M&A activity actually delivers shareholder value. The findings indicate that excellence requires both risk and the ability to react to market conditions and valuation opportunities, such as those presented by the recent global financial crisis. We hope that the insights will prove valuable in informing corporate M&A strategies." Professor Scott Moeller, Director of the M&A Research Centre at Cass Business School, comments: "Successful M&A deals are rarely done in isolation, yet most studies (and indeed journalistic articles) look at individual acquisitions and their success as if they were. M&A is hard work. There are risks involved but the potential rewards are huge. "Think of it like your education. Each class you take — and pass — contributes to your ultimate success, including getting to the point where the university will award you a degree. But some students graduate at the top of their class, just as some companies perform better than others. We wanted to identify how acquisitions (the individual classes) contribute to company success (the individual M&A deals) and the ability for a firm to outperform their peers through M&A (graduating with top marks). We've done that with this study." Learn More Intralinks will broadcast a webcast on Tuesday, June 23rd 9:00 am ET, hosted by the research authors, to explore more about the research findings and the strategies all companies can employ to maximize shareholder value creation from their M&A activities. To register, visit Masters of the Deal. Methodology To qualify as an ECPM, a firm has to have a high level of M&A activity - defined as announcing at least one new acquisition or divestment in at least 75% of the periods for which the firm is listed in the study. An ECPM also has to have an annual normalized total shareholder return which is above the average of its maturity peer group (defined as the period of time since a firm's public listing) in more than 50% of all the periods for which the company is listed in the study About Cass Business School MARC is the Mergers and Acquisitions Research Centre at Cass Business School - the first research centre at a major business school to pursue focused leading-edge research into the global mergers and acquisitions industry. MARC blends the expertise of key M&A market participants with the academic excellence of Cass to provide fresh insights into the world of deal-making. About Intralinks Forward Looking Statements Trademarks and Copyright Photo - http://photos.prnewswire.com/prnh/20150528/219222-INFO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-research-identifies-the-best-global-performers-in-ma-300090485.html SOURCE Intralinks Holdings, Inc. |