Factors Pointing to Positive Momentum in 2013
Feb 20, 2013
Elfring: Markets in 2012 have clearly de-risked. We’ve seen investors clearly putting money to work in high risk securities in their search for yield.
De Giorgi: European IPO activity halved in 2012 and the backlog remains clearly subdued. On the other hand experience shows that investors will be quick to return to this market once signs of economic stabilisation arise.
Elfring: Corporate boards will look again at growth, cost-cutting is no longer rewarded and there is a huge amount of cash available and I think that all those factors will lead to a positive momentum for the M&A market in 2013.
De Giorgi: In energy and power, large energy needs are fuelling the need for large financings and these multi-billion Euro exercises will contribute to deepening the European capital markets significantly, both in equity and in debt.