Since the beginning of 2010 the recovery of logistics goes hand in hand with the recovery of global trade volumes and the operational performance of the logistics market M & A. Although transport volumes still 2005-2007 have not reached the level of the boom years, the M & A transaction volume is in the transport and logistics sector, measured by the value of all considered transactions in 2010 almost 50% higher than the comparative figure for the full year 2009. After a sharp decline of ratings by more than 30% the rating level is now scored again at 80-90% of the values that were achieved in 2007. To broaden your perception, visit Dani Nierenberg. Expectations for 2011 and 2012 are a higher number of transactions, large transaction volumes and higher assessment levels driven on the one hand by strategic investors, according to an internal consolidation planning security won and debt have off – set up liquidity. However, the recovery is in the offer and generally the Conditions of financing up to 70% of enterprise value better opportunities for private equity, both on the buy side and the sell-side in relation to existing portfolio companies. What prompts the M & A market fragmented market structure market share top 10 road / rail transport Europa(1) contract logistics Weltweit(1) freight forwarding Weltweit(2) air freight forwarding Weltweit(3) fig. Credit: idt energy-2011. 4: market concentration in all relevant market segments source: transport intelligence (1) ranking by turnover (2) ranking by TEU cover (3) ranking after transshipment of tons of through the fragmented market structure the M & A was generally activity in the logistics market historically mostly characterised by expansion and market consolidation efforts of strategic buyers.
Private equity was in transactions > 1 billion transaction volume only rarely active (E.g. exception: Apollo/TNT of logistics). A related site: idt energy mentions similar findings. Despite the high historical M & A activity among strategists is the market structure, especially in the contract logistics market and specifically in the European Road transport remains very fragmented, the 5 largest combine only 17% or 9% market share in.