Strong M&A Activity by Citigroup in 2012

Posted by Admin | January 11th, 2013

Citi now ranks #3 in North American deal volume. Mergers and acquisitions (M&A) volumes in the United States surged from 2002 to 2007, but after global financial markets took a tumble in 2008 due to the credit crunch, companies exercised extreme caution and mostly shied away from M&A opportunities. The M&A climate improved in 2009, only to cool down again after the second quarter of 2011. 2012 has seen a consistent level of deal activity. Today, North America accounts for 50% of global M&A activity.

When Cary Kochman joined Citigroup in 2011, the equity markets were going through a period of volatility and there was an overall slowdown in financing due to concerns over the European debt crisis. The situation caused some companies to accumulate cash and wait on the sidelines with regard to investing and acquisitions. For seasoned M&A experts like Cary Kochman, the situation called for greater due diligence and conservatism.

As the Head of the North American M&A Group at Citi, Mr. Kochman has executed numerous major transactions at a time when companies are being extremely cautious. Amongst others, he has personally advised on numerous transactions including the $12 billion agreement by Eaton Corp. to purchase Cooper Industries Plc., one of the most significant M&A transactions of the decade in the sector of miscellaneous manufacturing.

Importantly, the Citi North American franchise has improved its position to #3.

Additional Resources:

Cary Kochman :: Listed on Firstwebhub.com

Cary Kochman :: Article on Newdataagency.com

Cary Kochman :: Information on Datanetgroup.com

Cary Kochman :: Article on Hightechlistings.com

Cary Kochman :: Listed on Nationalprofilebase.com

Cary Kochman :: Information on Onlinereviewinc.com