Livingstone publish Facilities Management survey
August 2005
A new survey into M&A appetite in the Facilities Management industry has revealed a modest slowdown in the sector as FM groups digest and integrate the large number of acquisitions completed since 2000.350 leading players in the sector – all the public companies and leading private groups that have made acquisitions in the last five years – were contacted to compile the 2005 survey, the second to be published by Livingstone. The research, shows that the overall outlook remains positive, with the vast majority of respondents claiming to be actively acquisitive and most of them “very acquisitive”.
The depressed level of FM M&A activity was evident from the number of acquisitions completed by respondents in the last three years. Last year 80% had completed one or more acquisitions; this has dropped to 66% while those able to boast completion of three or more deals has fallen from 60% to only 20%. This suggests that there has been a significant fall-off in acquisition activity among the respondents.
Nevertheless, 87% of those surveyed remain interested in making acquisitions in the sector, although this does compare with a remarkable 100% interest last time.
A total of 29% of respondents to the 2005 survey regarded themselves as ‘very’ acquisitive, compared with 33% in 2004, and 42% were ‘opportunistic’. However, the remainder of respondents were less certain of themselves in 2005 than 2004: 29% of respondents were either ‘passive’ acquirers or not interested in making acquisitions at all.
The good news for advisers is that 95% of respondents in 2005 claimed to use external advisers compared to 86% in 2004, no doubt in some part due to there being less in-house resource.
The survey covers: - Service areas of greatest interest; - Key factors in assessing a potential acquisition; - Property sectors of greatest interest; - Company valuations; - Ease of deal completion; - The threat of private equity investors and - The selling of non-core activities
A PDF of this survey can be downloaded free from this website. Please select publications, sector brochures.
Jeremy Furniss, Partner
Tel: 020 7474 4703
Email: jfurniss@livingstonepartners.co.uk
Para recibir más información sobre las noticias o eventos anunciados, rogamos se ponga en contacto con Neil Collen.
