Global Transportation & Logistics industry M&A analysis
Repositioning for growth: The tax implications of expanding into a VISTA country
In the fourth-quarter 2010, our analysis reveals that T&L deal activity has continued with a significant number of mega deals driving value and volume totals this quarter. The trend of passenger, instead of freight, transportation deals continued into the fourth quarter, with infrastructure announcements contributing substantially to overall deal and mega deal activity. Also, there has been a rebound in financial investor participation in overall deals, as well as mega deals. This is a result of healthier capital markets, which have continued to recover from their post-leverage bubble hangover, combined with better credit market conditions, evidenced by the substantial rise in leveraged buyout activity.
In addition to a detailed summary of deal activity in the quarter, we supplemented this issue of Intersections with a special report on the potential growth opportunities of expanding into the VISTA countries (Vietnam, Indonesia, South Africa, Turkey, and Argentina) as well as the related tax implications and risks.