Sat, Aug 27, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new