Ernst & Young wins “Accountancy Firm of the Year” for mergers and acquisitions, at prestigious Financial Times/mergermarket European M&A Awards
London, 10 December 2010 – Ernst & Young was last night awarded the ‘Accountancy Firm of the Year’ at the prestigious Financial Times/mergermarket European M&A Awards.
Ranked number one by volume of deals in Mergermarket's league tables for M&A advice, judges were impressed by the 224 completed deals with a European target or bidder. Impressive credentials such as 'synergy assessment' on the Kraft/Cadbury deal advice, reinforced Ernst & Young as transaction leaders.
Commenting on the award, Sachin Date, Transaction Advisory Services Markets Leader for Europe, Middles East, India and Africa (EMEIA), said:
“Our reputation as the 'clients’ choice' for integrated transaction advice in Europe and our most integrated geographical structure across EMEIA distinguished us from our competitors.”
On the M&A market, Date said:
"While the volume of M&A transactions is clearly improving, there remains a significant gap around price expectations between buyers and sellers. We are however seeing the market recover where capital is in place such as in private equity led deals and in the resources industry".
The awards ceremony was held on 9 December 2010 at the Sheraton Park Lane hotel in London. To find out more about our Operational Transaction Services please click here
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Notes to editors:
About the FT/mergermarket European M&A Awards
FT/mergermarket European M&A Awards, which were held at the Sheraton Park Lane Hotel, London on Wednesday 9 December 2010 are unique in utilizing both M&A transaction data from mergermarket.com and independent expert opinion from a panel of leading European M&A practitioners to identify the winners. To view the website for the awards – including details of the judging panel and methodology - please see www.mergermarket.com/events/968/
About Ernst & Young’s Transaction Advisory Services
How organizations manage their capital agenda today will define their competitive position tomorrow. We work with our clients to help them make better and more informed decisions about how they strategically manage capital and transactions in a changing world. Whether you’re preserving, optimizing, raising or investing capital, Ernst & Young’s Transaction Advisory Services bring together a unique combination of skills, insight and experience to deliver tailored advice attuned to your needs — helping you drive competitive advantage and increased shareholder returns through improved decision making across all aspects of your capital agenda.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information, please visit www.ey.com.
This news release has been issued by EYGM Limited, a member of the global Ernst & Young organization that also does not provide any services to clients.
