Allied Irish Bank issued a US$4bn Government-guaranteed debt offer, the second largest Government-guaranteed offer of the year and the second largest debt offer this week. With a total of US$18.1bn in Govt-guaranteed debt issuance this year, Ireland accounts for 31% of the global total of US$58.6bn. European issuers account for 98% of all Govt-guaranteed debt in 2010; there has been 1 Govt-guaranteed debt issue from Japan and none in the US.
Record textile deal with acquisition of Tommy Hilfiger
The announced acquisition of Netherlands-based clothing manufacturer Tommy Hilfiger Corp by US-based Phillips-Van Heusen Corp is the second largest European textile M&A deal on record, behind the 1999 acquisition of Gucci Group NV. This is also the forth largest textile M&A transaction on record globally.
The broader consumer staples macro industry now accounts for nearly 12% of year-to-date European M&A activity, up over twenty fold from last year.
BRIC ECM up three fold from 2009 and lead IPOs
With the top two equity issues originating this week from India and Brazil, the BRIC nations have seen over three times the ECM activity for the year-to-date versus the same period in 2009. Issues from these nations account for 26% of global ECM activity.
IPOs from the BRIC nations comprise 69% of the global year-to-date IPO market, and account for nearly 100% of the IPO's in the media and entertainment industry and 99% of the IPOs in the retail Industry.