Research

Mergers Alliance is a group of award winning corporate finance specialists who provide high quality advice to organisations who require international reach for their M&A strategies.

Our ability to draw on the knowledge and sector expertise of our transaction professionals from across our worldwide partnership enables us to produce a range of indepth global and regional sector reports. Here is our most recent research output.

For more information on our research output, please contact Stas Michael on
+44 (0) 20 7881 2990 or stasmichael@mergers-alliance.com


Bakery & Pastry Report

Evolving consumer lifestyles driving M&A activity Global consumer trends for health, convenience and indulgence are driving growth in the mature bakery industry. Competition is high for those bakery manufacturers and retailers that can meet consumer preferences, with the major bakery manufacturers that need to access faster-growing niches paying attractive valuations for high quality assets.
mergers-alliance-bakery-pastry.pdf
Adobe Acrobat file - 4.9 mb


Sensors Sector Report

Sensors empower the new-age industrial revolution. Sensor-enabled technologies are pervading practically all areas of life as the development of sophisticated and smaller sensing solutions has seen adoption levels grow across a number of markets, including automotive and transportation, industrial, medical and consumer electronics.
mergers-sensors.pdf
Adobe Acrobat file - 4.5 mb


Renewable Energy Investment Update

Global investment in Renewable Energy (RE) approached record levels in 2014, reflecting growing investor confidence and a greater recognition of the attractive opportunities that exist. The prominence of Solar Photovoltaic (PV) and Wind, along with the notable and growing shift towards developing markets, will be important contributors to investment and mergers and acquisitions (M&A) activity over the next few years.
mergers-alliance-renewable-energy.pdf
Adobe Acrobat file - 4.3 mb


Web Hosting Sector Report

The hosting industry has experienced strong growth in recent years and is currently valued at more than USD50 billion. Robust growth looks set to continue across all major hosting subsectors over the next few years. Further consolidation is anticipated during this time as larger market participants continue to pursue acquisition opportunities.
mergers-alliance-web-hosting.pdf
Adobe Acrobat file - 4.3 mb


FinTech Sector Report

The financial technology (FinTech) sector is currently seeing a boom in investment and strong mergers and acquisition (M&A) activity as new technology and changing customer behaviors transform financial services.
mergers-alliance-fintech-report.pdf
Adobe Acrobat file - 2.9 mb


Automotive-Interiors Report

The recovery in demand for light vehicles is supporting growth in the automotive interior components market, which is forecast to reach over €120 billion by 2020. Interiors suppliers are using M&A to meet the demands created by changes in original equipment manufacturers’ (OEM) supply chain strategies, expand geographically and access high growth opportunities. This is supporting a notable recovery in acquisition activity.
mergers_automotive.pdf
Adobe Acrobat file - 3.5 mb


Business Process Outsourcing Report

Attractive near-shore M&A opportunities in added-value BPO categories. The global business process outsourcing (BPO) industry is changing, from offshore to nearshore and further diversification to value added services. In order to meet the needs of more demanding clients, BPO providers need to have scale, broad industry expertise and the latest technology.
bpo-sector-report---ma-final.pdf
Adobe Acrobat file - 2.5 mb


Global Sportswear Sector Report

The global sportswear sector, which captures performance, outdoor and sports-inspired clothing and footwear, continues to experiment substantial growth driven by favorable trends. A highly fragmented market supports broader consolidation, where niche players and iconic brands represent prime acquisition targets for both financial sponsors and strategic acquirers alike.
mergers-sportswear-sector.pdf
Adobe Acrobat file - 2.5 mb


Country Report - Spain

Our Autumn country Report was released for the Mergers Alliance bi-annual conference hosted by our Spanish partner in Madrid. The economic indicators suggest that Spain is exiting a period of deep recession. Low company valuations, technological expertise and a competitive business environment will trigger a rise in M&A volumes.
mergers-spain-report.pdf
Adobe Acrobat file - 1.4 mb


Food Ingredients Report

The Autumn 2013 Food Ingredients Report outlines how the health and wellbeing trend and consumer demands for convenience foods are supporting increasing levels of mergers and acquisitions in this sector, with significant growth potential.
mergers-food-ingredients.pdf
Adobe Acrobat file - 1.5 mb


Country Report - Brazil

Our Spring 2012 Brazil report outlines how foreign companies are attracted by the high growth opportunities available across Brazil's economy. FDI is expected to reach a record US$70 billion in 2013.
mergers-brazil-2013.pdf
Adobe Acrobat file - 0.7 mb


Brazil Oil & Gas M&A Report

In Spring 2013 Brazil Oil&Gas sector report was released in conjunction with the Brazil Country Report for the Mergers Alliance bi-annual conference hosted by our Brazilian partner in Rio de Janeiro. The report outlines how recent major oil & gas discoveries in offshore deepwater ‘pre-salt’ fields will move the country into the top five producers globally by 2020.
mergers-oil-and-gas.pdf
Adobe Acrobat file - 0.6 mb


Global Facilities Management M&A Report

In September 2012 Mergers Alliance released the Global Facilities Management report, outlining that as organic growth becomes harder to achieve and multinational customers seek integrated cross-border FM services, Boards are re-directing their strategies towards emerging markets.
facilities-management-mergers.pdf
Adobe Acrobat file - 1.2 mb


Global Mining M&A Report

Our Autumn 2012 Global Mining Sector report was released in conjunction with our Russia Report during one of our bi-annual conferences, hosted by our Russian partner in Moscow. The report highlights the slow down in the growth of the sector but outlines that an undevalued mining sector will create a raft of M&A opportunities.
mining-mergers.pdf
Adobe Acrobat file - 0.9 mb


Country Report - Russia

Our Autumn 2012 Russia report outlines the strategic importance of the Russian market to foreign companies and highlights the potential for rising levels of M&A.
final-mergers-russia.pdf
Adobe Acrobat file - 2.6 mb


Global Food and Drink M&A Report

In this report our partners look at the global M&A market within the global food and drink sector on a country by country basis.
global-food-and-drink-m-a-report.pdf
Adobe Acrobat file - 3.6 mb


Global testing, Inspection and Certification update

Our Summer 2012 Testing, Inspection & Certification (TIC) sector update outlines key issues and pressures within the supply chain and identifies the drivers behind M&A activity in the sector moving forward.
tic-mergers.pdf
Adobe Acrobat file - 1.2 mb


European Plastic Packaging M&A update

Our Spring 2012 sector update outlines the key issues and pressures within the €38 billion European plastic packaging industry and identifies the drivers behind M&A activity in the sector moving forward.
plastics-mergers.pdf
Adobe Acrobat file - 0.8 mb


Global Consumer Goods M&A Report

In this report our partners look at the global M&A market within the consumer goods sector on a country by country basis.
global-consumer-goods-m-a-report.pdf
Adobe Acrobat file - 4.4 mb


Global Cleantech M&A Report

In this report our partners look at the global M&A market within the cleantech sector on a country by country basis.
global-cleantech-m-a-report.pdf
Adobe Acrobat file - 5.2 mb


Global Engineering M&A Report

In this report our partners look at the global M&A market within the engineering sector on a country by country basis.
global-engineering-m-a-report.pdf
Adobe Acrobat file - 3.6 mb


latest opinion

How US private equity firms are differentiating themselves from the competition

I have recently met with private equity (PE) firms covering the US lower and middle mid-market, first in San Francisco at our international partner conference and then at the Association for Corporate Growth (ACG) InterGrowth conference in Las Vegas, which brought together sponsors with collective firepower of over $160 billion and who are responsible for around four per cent of all PE deals in the US last year.…

Cyber security: there's no such thing as bad publicity

Yet again, another large-scale cyber security attack has come out as a major news story.…

America First In The Trump Raj

US President Donald Trump has proposed a massive reduction in corporate tax rate to 15 per cent. The move, if passes muster, could be good for Indian companies but bad for the country.…

INDIAN ELECTIONS – IN THE PRICE

Indian state elections were announced over the weekend and the ruling party led by Prime Minister Modi- Bhartiya Janta Party (BJP) were the clear winners with a sweep in the key state Uttar Pradesh (UP)…

Strong M&A outlook for mid-market pharma

The dynamics highlighted by this year’s Catalyst Pharma Fast 50 show that the sector is prime for further acquisitions and private equity investment.…

Mega Indian Telco Merger: Better late than never

Two out of India's Top 3 telco operators, Vodafone (No 2) and Idea Cellular (No 3) confirmed their merger plan earlier this month.…

Industrial Distributor Sector Overview

The latest issue of our Industrial Technology Value-Added Distributors Sector Overview, highlighting trends in M&A, financing, IPOs and capital markets for private and public companies in Industrial Technology sector, is now available.…

Trump victory & scrapping of Notes. Near term jitters provide opportunities

Two major events-one domestic and other global, have led to market jitters which in our view present an opportunity for value buying…

Agricultural Equipment and Fertilizer Update

Recent activity in the agriculture space has shown continued consolidation and financing needs. Please see our update published recently.…

So they made an offer, now what?

Financial and strategic buyers are making offers directly to business owners…

View more >

latest deals

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 1006
  'completion_date' => string '2017-07-26T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean true
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=4)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      3 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Khronos Advisory advised Star Energy Group on the sale of 33% equity stake in Star Energy Group Holdings Pte Ltd to BCPG Public Company Limited,…' (length=152)
  'display_name' => string 'Star Energy Group - Project Planters' (length=36)
Star Energy Group - Project Planters

Khronos Advisory advised Star Energy Group on the sale of 33% equity stake in Star Energy Group Holdings Pte Ltd to BCPG Public Company Limited,…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 997
  'completion_date' => string '2017-07-14T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=4)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      3 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Ethica Corporate Finance advised the shareholders of Surfaces Technological Abrasives S.p.A. on the sale of the 100% stake to the Paris-based private equity firm Astorg…' (length=176)
  'display_name' => string 'Surfaces Technological Abrasive S.p.A. - Surface' (length=48)
Surfaces Technological Abrasive S.p.A. - Surface

Ethica Corporate Finance advised the shareholders of Surfaces Technological Abrasives S.p.A. on the sale of the 100% stake to the Paris-based private equity firm Astorg…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 1004
  'completion_date' => string '2017-07-11T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=4)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      3 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Capitalmind advised Pneutec on the sale to Dutch listed company Aalberts Industries. The Dutch listed technology firm Aalberts Industries acquired 100% of the shares of…' (length=176)
  'display_name' => string 'Pneutec' (length=7)
Pneutec

Capitalmind advised Pneutec on the sale to Dutch listed company Aalberts Industries. The Dutch listed technology firm Aalberts Industries acquired 100% of the shares of…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 995
  'completion_date' => string '2017-07-10T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=3)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Ethica Corporate Finance, advised the shareholders of API – Applicazioni Plastiche Industriali – on its sale to listed US player Trinseo (NYSE:TSE), a global materials…' (length=179)
  'display_name' => string 'API S.p.A - API' (length=15)
API S.p.A - API

Ethica Corporate Finance, advised the shareholders of API – Applicazioni Plastiche Industriali – on its sale to listed US player Trinseo (NYSE:TSE), a global materials…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 992
  'completion_date' => string '2017-06-28T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=5)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      3 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      4 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Ethica Corporate Finance advised the shareholders of Maffi S.r.l., the holding company which controls MAW, in the sale of the 82.5% stake to Proa, the…' (length=158)
  'display_name' => string 'MAW Men at Work Agenzia per il Lavoro S.p.A.' (length=44)
MAW Men at Work Agenzia per il Lavoro S.p.A.

Ethica Corporate Finance advised the shareholders of Maffi S.r.l., the holding company which controls MAW, in the sale of the 82.5% stake to Proa, the…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 999
  'completion_date' => string '2017-06-02T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=3)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'A minority of the shares of Springest were sold to FD Mediagroep (also known as FDMG) (with the option to acquire the other part of the…' (length=144)
  'display_name' => string 'Springest B.V. - Springest' (length=26)
Springest B.V. - Springest

A minority of the shares of Springest were sold to FD Mediagroep (also known as FDMG) (with the option to acquire the other part of the…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 993
  'completion_date' => string '2017-06-01T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=3)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Ethica Corporate Finance advised Europe Capital Partners V, the PE holding the majority stake of Doctor Dentist, on the sale of its 60% stake to…' (length=152)
  'display_name' => string 'Doctor Dentist S.r.l. - Doctor Project' (length=38)
Doctor Dentist S.r.l. - Doctor Project

Ethica Corporate Finance advised Europe Capital Partners V, the PE holding the majority stake of Doctor Dentist, on the sale of its 60% stake to…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 988
  'completion_date' => string '2017-06-01T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=2)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Origin Merchant Partners acted as exclusive financial advisor to Avena Foods Limited (“Avena”) on its sale to Ironbridge Equity Partners (“Ironbridge”).' (length=160)
  'display_name' => string 'Avena Foods Limited' (length=19)
Avena Foods Limited

Origin Merchant Partners acted as exclusive financial advisor to Avena Foods Limited (“Avena”) on its sale to Ironbridge Equity Partners (“Ironbridge”).

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 976
  'completion_date' => string '2017-05-29T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=3)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Odin Financial Advisors advised iyzico in its Series C fundraising round, led by Vostok Emerging Finance, in order to boost expansion in Europe and Middle…' (length=162)
  'display_name' => string 'iyzico' (length=6)
iyzico

Odin Financial Advisors advised iyzico in its Series C fundraising round, led by Vostok Emerging Finance, in order to boost expansion in Europe and Middle…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 977
  'completion_date' => string '2017-05-17T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=4)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      3 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Capitalmind advised SYLPA Group on its acquisition ENTRA Group in a competitive process. Following its third MBO backed by EPF Partners (PE fund) in July…' (length=161)
  'display_name' => string 'ENTRA' (length=5)
ENTRA

Capitalmind advised SYLPA Group on its acquisition ENTRA Group in a competitive process. Following its third MBO backed by EPF Partners (PE fund) in July…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 972
  'completion_date' => string '2017-05-09T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=3)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'The initiator, Dr. Dietrich Schrapper, a long term Capitalmind client, together with Ufenau has completed the first part of this transaction by acquiring the nucleus…' (length=173)
  'display_name' => string 'DermaClin Deutschland GmbH - Project Wilhelm' (length=44)
DermaClin Deutschland GmbH - Project Wilhelm

The initiator, Dr. Dietrich Schrapper, a long term Capitalmind client, together with Ufenau has completed the first part of this transaction by acquiring the nucleus…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 971
  'completion_date' => string '2017-05-05T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=4)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      3 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'i-SOLUTIONS Health is a provider of hospital / laboratory / radiology information systems. The company is an established brand on the German healthcare IT market…' (length=169)
  'display_name' => string 'i-SOLUTIONS HEALTH GmbH' (length=23)
i-SOLUTIONS HEALTH GmbH

i-SOLUTIONS Health is a provider of hospital / laboratory / radiology information systems. The company is an established brand on the German healthcare IT market…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 970
  'completion_date' => string '2017-04-28T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=2)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Headwaters MB advised Neya Systems LLC, a leading developer of unmanned systems for defense, homeland security, and commercial users, on its sale to Applied Research…' (length=173)
  'display_name' => string 'Neya Systems' (length=12)
Neya Systems

Headwaters MB advised Neya Systems LLC, a leading developer of unmanned systems for defense, homeland security, and commercial users, on its sale to Applied Research…

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 974
  'completion_date' => string '2017-04-20T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=6)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      3 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      4 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      5 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Catalyst advised LDC on the secondary management buy-out of Addo Food Group.' (length=76)
  'display_name' => string 'Addo Food Group' (length=15)
Addo Food Group

Catalyst advised LDC on the secondary management buy-out of Addo Food Group.

/var/www/mergers/website/views/scripts/deals/feed.php:10:
array (size=7)
  'id' => int 986
  'completion_date' => string '2017-04-13T00:00:00+0000' (length=24)
  'publicised_transaction' => boolean false
  'hide_on_website' => boolean false
  'involved_users' => 
    array (size=5)
      0 => 
        array (size=2)
          'level' => int 0
          'user' => 
            array (size=1)
              ...
      1 => 
        array (size=2)
          'level' => int 1
          'user' => 
            array (size=1)
              ...
      2 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      3 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
      4 => 
        array (size=2)
          'level' => int 2
          'user' => 
            array (size=1)
              ...
  'intro' => string 'Headwaters MB advised RAGE Frameworks, a leader in knowledge-based automation technology and services providing Artificial Intelligence (AI) for the Enterprise, on its sale to Genpact…' (length=191)
  'display_name' => string 'Rage Frameworks, Inc.' (length=21)
Rage Frameworks, Inc.

Headwaters MB advised RAGE Frameworks, a leader in knowledge-based automation technology and services providing Artificial Intelligence (AI) for the Enterprise, on its sale to Genpact…

View more >
'http://api.mergers-alliance.com/api/public'