Opportunity Knocks
Supply Management, News Focus
M&A activity has slowed but remains vital for buyers. Paul Snell investigates the potential openings and pitfalls the deals present for procurement.
When SM focused on the role of procurement in mergers and acquisitions (M&A), the number of deals was at a high (29 November 2007).
But the market has dropped significantly. Last month KPMG's M&A Predictor points to a subdued year of activity in 2009 forecasts. Price-to-earnings ratios, the calculation KPMG uses to measure the appetite for deals in the market, fell from 17.1 in July 2007 at its peak to 11.9 in November 2008.
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