Date Posted: 30 September 2009
Posting from Frankfurt: Speaking at a conference for US based association of merger and acquisition advisors (“AMAA”).
Perhaps unsurprisingly, the event is under subscribed - not too many transatlantic conferences are oversubscribed at present - though there are a few big hitters here. “America is for Sale” was one key message, as was the fact that it very likely that the 2009 vintage for company acquisition will be one of the best ever – reflecting how cheaply good businesses can be acquired – if you have cash!
Meanwhile, some alarming facts about the German private sector - in terms of M&A it is dead in the water – but the most thought provoking was that only 18% of the German population are working in the private sector – and somehow paying for the other 82%. How can that be sustained…?
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