Global

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  • Type: White paper
  • Date: 9/15/2011

Who are the current buyers? 

current buyers
Competition will come from large and well-capitalized Asia-Pacific and Russian buyers – and from a resurgent private equity sector keen to shed the assets they’ve been unable to sell in low markets.

Australia’s FS sector has been relatively untouched by recession. The country’s large banks remain well capitalized – and are looking for opportunities to consolidate their position. Chinese banks, meanwhile, appear to gradually shifting their gaze toward overseas markets, according to our research.


But where will the deals take place?


The Atlantic markets, Asia and Europe – although the latter’s market is being held back by uncertainty about regulation, including capital adequacy requirements. In the UK in particular, the FS sector is due for a major overhaul – the country’s soon to see regulation that will split retail and investment banking interests. Also, a number of UK FS companies are undertaking internal reviews that will almost certainly result in new assets coming on to the market in the next two to three years.


“We’re going to see a lot more cross-border M&A, with interest from China and Russia. Premiums will increase. We will get back to the glory days, but not for a while yet.”

– Tim Prince, Head of Integration and Separation, KPMG Canada

 

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To learn more, download the full report, contact your local KPMG member firm or email banking@kpmg.com to talk with one of our FS M&A experts.