IMAP, an international partnership of corporate finance consultancies and boutiques, has ended 2015 on a high. The partnership last year closed 221 deals, with a 50% increase in average transaction value, taking total deal value close to the $10 billion mark.
Present in over 40 countries, IMAP is one of the world’s leading M&A advisories. The partnership, founded in 1973, focuses mainly on mid-market transactions, and in the segment consistently ranks according to Thomson Reuters among the top 6 M&A advisors in terms of aggregate deal value.
On the back of a buoyant M&A market – recent data from McKinsey & Company shows the industry came close to breaking through the $5 billion barrier – IMAP has booked a strong performance over the past 12 months. In total 221 deals were closed, worth $9.6 billion. Whilst Industrials remained the leading sector with 39 deals, followed by Consumer Packaged Goods (CPS) and Technology, Media & Telecom (TMT), the Financials and Energy sectors witnessed some of the largest deals in terms of deal value. Numbers were in particular lifted by growth in Latin American (deal activity sextupled compared to 2014) and Asia Pacific (deal activity doubled).
IMAP’s highest value public M&A transaction of the year was closed in Europe. IMAP Italy (Vitale & Co) represented the buyer Advents International-Bain Capital-Clessidra who acquired a controlling interest in ICBPI for €2.15 billion. Other large public deals advised on by IMAP member firms include the acquisition of Aguas de Antofagasta by Empresas Públicas de Medellín E.S.P (EPM) in Chile ($965 million) and the purchase of TR Manufacturing by Corning in the US ($380 million).
Axel Fuhri Snethlage, Board Member of IMAP, says the firm is feeling positive moving into 2016 and expects to build on the growing network of the firm. Last year IMAP added six new partners – in North West Africa, Brazil, Boston, India, Colombia and the Middle East – taking the total to over 40 countries, and this number is expected to further rise this year. “We will continue to strengthen the partnership in terms of reach and knowledge to better serve our clients. At IMAP we all share the same common values and principles, working together to forge lasting relationships with our clients and deliver differential value in all that we do”.