M&A activity continued rebound in May

Merger and acquisition activity continued its rebound last month, according to Milwaukee-based Robert W. Baird & Co.’s Global M&A Monthly report.

There were 945 transactions announced last month across the U.S., the report says, a 75.7 percent increase over May of 2009. Dollar volume was $71.5 billion, a 35.5 percent increase from the dollar total of May of 2009.

The middle market continued its robust rebound as well – there were 489 middle market buyouts to close in May, a nearly 85 percent increase from May of 2009. May’s middle market deal volume was the second highest monthly since 2000, trailing only April’s record level.

“We believe continuation of the M&A revival depends on a sustained economic recovery as well as normalization of global credit conditions,” the report states. “Although debt markets were conducive to deal making heading into May, global credit concerns have recently resulted in a fundamental shift in financing activity.”


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