THE DEAL, THE WHOLE DEAL AND NOTHING BUT THE DEAL July 2011<br />
ACQ<br />
www.acqmagazine.com<br />
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NET<br />
PROFITS?<br />
<br />
What bubble?<br />
A look at an interesting year<br />
for Tech IPOs<br />
<br />
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<br />
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<br />
<br />
<br />
> Long and Winding Code<br />
How proposed changes to the Takeover Code<br />
might complicate M&A deals<br />
> Ask The Experts<br />
Why ABL is on the rise<br />
> Young Guns<br />
A look at ACQ's first Young Gun of 2011<br />
THE LEADING M&A MAGAZINE SERVING THE INDUSTRY SINCE 2003<br />
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Li<a title="ACQ Magazine - July 2011 page 1" href="http://viewer.zmags.com/publication/cd23c0f9?page=1">THE DEAL, THE WHOLE DEAL AND NOTHING BUT THE DEAL </a> THE DEAL, THE WHOLE DEAL AND NOTHING BUT THE DEAL <a title="ACQ Magazine - July 2011 page 2" href="http://viewer.zmags.com/publication/cd23c0f9?page=2">ACQwww.acqmagazine.comAccess ACQ anywhere, an</a> ACQwww.acqmagazine.comAccess ACQ anywhere, an<a title="ACQ Magazine - July 2011 page 3" href="http://viewer.zmags.com/publication/cd23c0f9?page=3">ACQTHE DEAL,THE WHOLE DEALAND NOTHING BUTT</a> ACQTHE DEAL,THE WHOLE DEALAND NOTHING BUTT<a title="ACQ Magazine - July 2011 page 4" href="http://viewer.zmags.com/publication/cd23c0f9?page=4">4 FYI For your informationUK dis</a> 4 FYI For your informationUK dis<a title="ACQ Magazine - July 2011 page 5" href="http://viewer.zmags.com/publication/cd23c0f9?page=5"> FYI 5For your informationLSE force</a> FYI 5For your informationLSE force<a title="ACQ Magazine - July 2011 page 6" href="http://viewer.zmags.com/publication/cd23c0f9?page=6">6 FYI For your informationJPMorg</a> 6 FYI For your informationJPMorg<a title="ACQ Magazine - July 2011 page 7" href="http://viewer.zmags.com/publication/cd23c0f9?page=7"> FYI 7For your informationFormer TBW</a> FYI 7For your informationFormer TBW<a title="ACQ Magazine - July 2011 page 8" href="http://viewer.zmags.com/publication/cd23c0f9?page=8">8 INSIGHT Net ProfitsNet Profits: </a> 8 INSIGHT Net ProfitsNet Profits: <a title="ACQ Magazine - July 2011 page 9" href="http://viewer.zmags.com/publication/cd23c0f9?page=9">BankersOnline Dragon's Den star Julie Meyer, bel</a> BankersOnline Dragon's Den star Julie Meyer, bel<a title="ACQ Magazine - July 2011 page 10" href="http://viewer.zmags.com/publication/cd23c0f9?page=10">10 INSIGHT Net Profitsw</a> 10 INSIGHT Net Profitsw<a title="ACQ Magazine - July 2011 page 11" href="http://viewer.zmags.com/publication/cd23c0f9?page=11">in Europe, what this means is that we're mostlyg</a> in Europe, what this means is that we're mostlyg<a title="ACQ Magazine - July 2011 page 12" href="http://viewer.zmags.com/publication/cd23c0f9?page=12">12 INSIGHT Net Profitss</a> 12 INSIGHT Net Profitss<a title="ACQ Magazine - July 2011 page 13" href="http://viewer.zmags.com/publication/cd23c0f9?page=13">as the maturation of the online world overall,” s</a> as the maturation of the online world overall,” s<a title="ACQ Magazine - July 2011 page 14" href="http://viewer.zmags.com/publication/cd23c0f9?page=14">Five years ago, a group of young high flyers appea</a> Five years ago, a group of young high flyers appea<a title="ACQ Magazine - July 2011 page 15" href="http://viewer.zmags.com/publication/cd23c0f9?page=15">ACQGLOBAL AWARDS 2011UK & </a> ACQGLOBAL AWARDS 2011UK & <a title="ACQ Magazine - July 2011 page 16" href="http://viewer.zmags.com/publication/cd23c0f9?page=16">And the UK winners include...Andrew RutherfordC</a> And the UK winners include...Andrew RutherfordC<a title="ACQ Magazine - July 2011 page 17" href="http://viewer.zmags.com/publication/cd23c0f9?page=17">Dave EdwardsLitmus AdvisoryMike GutsellOsborn</a> Dave EdwardsLitmus AdvisoryMike GutsellOsborn<a title="ACQ Magazine - July 2011 page 18" href="http://viewer.zmags.com/publication/cd23c0f9?page=18">18 INSIGHT Takeover TransparencyT</a> 18 INSIGHT Takeover TransparencyT<a title="ACQ Magazine - July 2011 page 19" href="http://viewer.zmags.com/publication/cd23c0f9?page=19">employee awareness as to what they should be enti</a> employee awareness as to what they should be enti<a title="ACQ Magazine - July 2011 page 20" href="http://viewer.zmags.com/publication/cd23c0f9?page=20">20 INSIGHT Takeover Transparency</a> 20 INSIGHT Takeover Transparency<a title="ACQ Magazine - July 2011 page 21" href="http://viewer.zmags.com/publication/cd23c0f9?page=21">Takeover Panel directorsLeft to right : Chris Ji</a> Takeover Panel directorsLeft to right : Chris Ji<a title="ACQ Magazine - July 2011 page 22" href="http://viewer.zmags.com/publication/cd23c0f9?page=22">22 FOCUSMoversMovers UniCredit ha</a> 22 FOCUSMoversMovers UniCredit ha<a title="ACQ Magazine - July 2011 page 23" href="http://viewer.zmags.com/publication/cd23c0f9?page=23">FOCUS 23MoversMoversRob Wardle has been ap</a> FOCUS 23MoversMoversRob Wardle has been ap<a title="ACQ Magazine - July 2011 page 24" href="http://viewer.zmags.com/publication/cd23c0f9?page=24">24 FOCUSMoversMoversInternational environm</a> 24 FOCUSMoversMoversInternational environm<a title="ACQ Magazine - July 2011 page 25" href="http://viewer.zmags.com/publication/cd23c0f9?page=25">FOCUS 25MoversMoversAleadingcorporatefinan</a> FOCUS 25MoversMoversAleadingcorporatefinan<a title="ACQ Magazine - July 2011 page 26" href="http://viewer.zmags.com/publication/cd23c0f9?page=26">26 FOCUS Foreign investment in Brazi</a> 26 FOCUS Foreign investment in Brazi<a title="ACQ Magazine - July 2011 page 27" href="http://viewer.zmags.com/publication/cd23c0f9?page=27"> FOCUS 27Employment LawGuernsey legalN</a> FOCUS 27Employment LawGuernsey legalN<a title="ACQ Magazine - July 2011 page 28" href="http://viewer.zmags.com/publication/cd23c0f9?page=28">Who are theYoung Gunsat yourfirm?Please letu</a> Who are theYoung Gunsat yourfirm?Please letu<a title="ACQ Magazine - July 2011 page 29" href="http://viewer.zmags.com/publication/cd23c0f9?page=29">Ask theExperts: ABLWilling and ABLACQ Magazin</a> Ask theExperts: ABLWilling and ABLACQ Magazin<a title="ACQ Magazine - July 2011 page 30" href="http://viewer.zmags.com/publication/cd23c0f9?page=30">INVOICE FINANCE//STOCK//P&M//TRADE//PROPERTY </a> INVOICE FINANCE//STOCK//P&M//TRADE//PROPERTY <a title="ACQ Magazine - July 2011 page 31" href="http://viewer.zmags.com/publication/cd23c0f9?page=31"> ABL 31Company formationsThe experts</a> ABL 31Company formationsThe experts<a title="ACQ Magazine - July 2011 page 32" href="http://viewer.zmags.com/publication/cd23c0f9?page=32">32 ABL Ask the expertsWilling and A</a> 32 ABL Ask the expertsWilling and A<a title="ACQ Magazine - July 2011 page 33" href="http://viewer.zmags.com/publication/cd23c0f9?page=33">traditional senior debt they previously favo</a> traditional senior debt they previously favo<a title="ACQ Magazine - July 2011 page 34" href="http://viewer.zmags.com/publication/cd23c0f9?page=34">34 ABL Ask the expertsAs bal</a> 34 ABL Ask the expertsAs bal<a title="ACQ Magazine - July 2011 page 35" href="http://viewer.zmags.com/publication/cd23c0f9?page=35">Cutting to the chaseNo doubt a contributing fac</a> Cutting to the chaseNo doubt a contributing fac<a title="ACQ Magazine - July 2011 page 36" href="http://viewer.zmags.com/publication/cd23c0f9?page=36">36 ABL Ask the experts Wh</a> 36 ABL Ask the experts Wh<a title="ACQ Magazine - July 2011 page 37" href="http://viewer.zmags.com/publication/cd23c0f9?page=37">A bright futureWhile Ms Bradshaw adopts a </a> A bright futureWhile Ms Bradshaw adopts a <a title="ACQ Magazine - July 2011 page 38" href="http://viewer.zmags.com/publication/cd23c0f9?page=38">Points of DifferenceCentric Commercial Finance k</a> Points of DifferenceCentric Commercial Finance k<a title="ACQ Magazine - July 2011 page 39" href="http://viewer.zmags.com/publication/cd23c0f9?page=39">FOCUS 39DealsACQwww.acqmagazine.comDea</a> FOCUS 39DealsACQwww.acqmagazine.comDea<a title="ACQ Magazine - July 2011 page 40" href="http://viewer.zmags.com/publication/cd23c0f9?page=40">40 DEALSUKBrewin Dolphin agrees on private </a> 40 DEALSUKBrewin Dolphin agrees on private <a title="ACQ Magazine - July 2011 page 41" href="http://viewer.zmags.com/publication/cd23c0f9?page=41">DEALS 41UKCapita Acquires Healthcare Recruit</a> DEALS 41UKCapita Acquires Healthcare Recruit<a title="ACQ Magazine - July 2011 page 42" href="http://viewer.zmags.com/publication/cd23c0f9?page=42">42 DEALSUKHotbed investors back Enviroparks</a> 42 DEALSUKHotbed investors back Enviroparks<a title="ACQ Magazine - July 2011 page 43" href="http://viewer.zmags.com/publication/cd23c0f9?page=43">DEALS 43UKPalatine Private Equity backs Mone</a> DEALS 43UKPalatine Private Equity backs Mone<a title="ACQ Magazine - July 2011 page 44" href="http://viewer.zmags.com/publication/cd23c0f9?page=44">44 DEALSUKWynnstay increases national pres</a> 44 DEALSUKWynnstay increases national pres<a title="ACQ Magazine - July 2011 page 45" href="http://viewer.zmags.com/publication/cd23c0f9?page=45"> DEALS 45EuropeanAsito Dienstengroep acquir</a> DEALS 45EuropeanAsito Dienstengroep acquir<a title="ACQ Magazine - July 2011 page 46" href="http://viewer.zmags.com/publication/cd23c0f9?page=46">46 DEALSEuropeanCanada pension fund buys i</a> 46 DEALSEuropeanCanada pension fund buys i<a title="ACQ Magazine - July 2011 page 47" href="http://viewer.zmags.com/publication/cd23c0f9?page=47"> DEALS 47EuropeanInfineon buys Dresden manuf</a> DEALS 47EuropeanInfineon buys Dresden manuf<a title="ACQ Magazine - July 2011 page 48" href="http://viewer.zmags.com/publication/cd23c0f9?page=48">48 DEALSInternationalBanwo & Ighodalo and W</a> 48 DEALSInternationalBanwo & Ighodalo and W<a title="ACQ Magazine - July 2011 page 49" href="http://viewer.zmags.com/publication/cd23c0f9?page=49"> DEALS 49InternationalKokuyo To Acquire 5</a> DEALS 49InternationalKokuyo To Acquire 5<a title="ACQ Magazine - July 2011 page 50" href="http://viewer.zmags.com/publication/cd23c0f9?page=50">50 DEALSInternationalPMR AVOCATS assists DI</a> 50 DEALSInternationalPMR AVOCATS assists DI<a title="ACQ Magazine - July 2011 page 51" href="http://viewer.zmags.com/publication/cd23c0f9?page=51">51ACQ Subscription Offer Acquire anACQSubsc</a> 51ACQ Subscription Offer Acquire anACQSubsc<a title="ACQ Magazine - July 2011 page 52" href="http://viewer.zmags.com/publication/cd23c0f9?page=52">ACQ44 DEALS FOCU</a> ACQ44 DEALS FOCU