Although there is a growing interest in company acquisitions, many transactions will not prove successful. According to the daily Rzeczpospolita, the value of the M&A market has fallen by 10.2% down to EUR 5.8 billion since the beginning of the year even though the number of the conducted transactions practically has not changed, as shown by DealWatch. However, the representatives of consulting firms report that the number of projects they have been working on has in fact risen. In the opinion of analysts, the growing accessibility to sources of financing as well as the relatively stable (as compared with the rest of the Region) condition of the Polish economy both positively influence market revival. Still, many deals may not come through as the sellers and buyers differ in opinion as to company valuations. 
 
As market observers inform, restructuring transactions are especially popular this year. – Despite the great expectations for a fast market bounce up, the number of M&A transactions is still low and most of the deals are the effect of financial problems companies face. A considerable number of the transactions conducted on the Polish market is also related to the troubles of international corporations having well prospering firms in our country - states Piotr Kołodziejczyk.

„The M&A market will slowly revive”
(Source: Rzeczpospolita, October 10, 2009)
 

- Stock Exchange rebounds, although impressive percentage wise, show that we won’t see the return of valuations from the times of the peak of the market boom – Piotr Kołodziejczyk, Partner in Central Europe Trust Polska, told the business daily Parkiet (Parkiet, October 10, 2009). 
 
According to Parkiet, market observers say that a breakthrough on the domestic M&A market should not be expected in the 4Q of the year. The interviewed experts have already noted the first signs of market revival. – Currently there is a large number of acquisition deals starting on the market with great chances for a successful closing. The return of a calm situation on the global financial markets as well as the macroeconomic stability in the world and in Poland once again allow the potential buyers to make forecasts. On the other hand, stock market rebounds, although impressive percentage-wise, indicate that we will not see a return to the valuations that occurred at the bullish market peak. Both of these factors reduce the dissonance between the price expectations the transaction parties have – says Piotr Kołodziejczyk. (…)

„A very slow revival of the M&A market”
(Source: Parkiet, October 10, 2009)