Tue, Jun 28, 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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.