Some areas that fell off in activity last year were cross-border international deals, which declined for the first time in three years. The number of deals was off just 3% to 970, but the value of that activity dropped 32%.
2012 ended with mixed results in the fourth quarter, Ernst & Young says. There was a 22% growth in mid-sized deals, representing optimism that 2013 could recover, but the stock market's rally at the end of last year could dissuade some activity as valuations may be considered excessive. Overall, Ernst & Young predicts growth in 2013, but likely not until the second half of the year.
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