Thu, Jul 31, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

M&A investment opportunities to strengthen through 2011, says Bernheim, Dreyfus

Thursday, November 25, 2010
Opalesque Industry Update - The M&A sector will continue to grow through next year creating an exceptional range of investment opportunities, says Paris-based hedge fund manager Bernheim, Dreyfus.

“We believe the recent rebound in mergers and acquisitions is rapidly gaining momentum and we’re forecasting global deal activity to rise by as much as 36% next year, by comparison to 2010“ said Lionel Melka, portfolio manager and head of research at Bernheim, Dreyfus. “This growth will take deal size up to $3 trillion.”

Melka added that the acceleration in M&A is exemplified by the recent deals such as Caterpillar/Bucyrus ($7.2bn), EMC/Isilon ($2.2bn) and Axa / Axa Pacific ($13.1 bn). “We are convinced there are further deals like these down the pipeline,” he added.

According to Barclay Managed Funds Report, the Diva Synergy Fund, managed by Bernheim, Dreyfus, is one of the major beneficiaries of this strong business growth. Diva Synergy has recently been ranked sixth by Barclay in the worldwide Merger Arbitrage Category for the past three years and the Fund is also ranked best performer on year-to-date and last twelve months basis worldwide in its category by: Barrons, Morningstar, Barclay Hedge and Eureka Hedge. (Diva Synergy is up some 34% in the 12 months to end-October).

Bernheim, Dreyfus continues to invest and participate in a series of high-profile deals including Sanofi/Genzyme, Air Products/Air Gaz, and Novartis/Alcon. The manager’s research has also identified several potential takeover targets which are being closely monitored. These include Tiffany, Mead Johnson, Millicom, Shire, Symrise and Premier Oil. ‘’We are entering a new M&A cycle. We’ve seen a surge in hostile takeovers, which usually happens in the beginning of a new cycle, we probably have three to four years of M&A activity growing from now on.  The US market is definitely the one leading the cycle, normally there is a delay of 6 months to 1 year, for the European economy and confidence to follow’’ said Lionel Melka.

(press release)

About Bernheim, Dreyfus & Co
Paris-based Bernheim, Dreyfus & Co was founded in 2006 as an alternative investment firm focusing on M&A-related strategies, managing an event driven hedge fund - Diva Synergy. Diva Synergy is managed by Amit Shabi and Lionel Melka. Lionel has 10 years of experience as an M&A advisor for blue chip clients in prestigious banks such as Lazards, Calyon and Rothschilds. He has been involved in more than 20 major transactions totaling more than USD 50 billion.

Amit has long experience in asset management and in sales of OTC hedging strategies in companies like Rothschild and Man Group. Corporate website: Source

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass