 |
|
| Global Awards | |
| High grade | High-yield |
| Equity | M&A |
| Structured credit | Restructuring |
| Regional Awards | |
| Asia | Latin America |
| CEE | Middle East |
|
||||||||||||||||||||
Although secondary financial markets recovered strongly last year and primary debt and equity capital markets bankers were all kept busy, the shattered confidence of corporate management teams and investors was most evident in the collapse of M&A volume. Global volume totalled $2.4 trillion in 2009, the lowest since 2004 and down 24% on the $3.17 trillion announced in 2008, according to Dealogic. Financial sponsor activity fell sharply: buyouts totalled $75.9 billion in 2009, the lowest volume since 2001, down from $191.8