Updated quarterly, this is the most definitive guide to trends in Global M&A activity.

1. DEAL FLOW
INDICATOR
2nd Quarter 2009 Report
July 30, 2009
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2. INTRALINKS DEAL FLOW INDICATOR
2nd Quarter 2009 Report • July 30, 2009
The IntraLinks Deal Flow Indicator is a leading indicator of upcoming deal activity.
IntraLinks has been the leading global provider of M&A virtual datarooms for more than 10 years
and is currently involved in nearly half of global deals greater than $25 million. Most of these deals
are active on IntraLinks’ virtual datarooms as many as three months prior to being publicly announced.
With over a decade of experience and the unique perspective of observing deal flow before it is
announced, the IntraLinks Deal Flow Indicator has been created to provide an early view of deal
flow trends in the global market.
In this first release, the IntraLinks Deal Flow Indicator findings include:
• A 10% increase in global deal activity in Q2 ’09 from Q1 ’09
• The global increase was primarily driven by deal activity in the Americas and Asia-Pacific regions
• Both regions (Americas and Asia-Pacific) saw a 16% increase from Q2 ’09 vs. Q1 ’09
• Deal activity in EMEA in Q2 ’09 remained flat vs. Q1 ’09 levels
• This view adds a layer of understanding to recent economic reports that predict an overall stabilization in the markets
IntraLinks believes the increased activity in Q2 ’09 has three primary drivers:
• Gains in equity markets helping to narrow the valuation gap that has existed between buyers and sellers
• Increased distressed M&A activity as companies continue to execute on their plans to sell assets
• Pent up forces of market consolidation combined with equity markets gains and distressed M&A activity
have led to increased strategic buyer activity
Furthermore, the IntraLinks
Deal Flow Indicator shows: SEQUENTIAL QUARTERLY GROWTH RATE – GLOBAL DEALS
15%
• A 28% decrease in the total
number of global deals from 10% 9% 10%
the peak in Q2 ’08
5%
• The decrease was consistent 4%
Growth Rate
across all major regions 0%
-2%
(Americas, EMEA and
Asia-Pacific) -5%
• Q2 ’08 was the height of deal -10%
activity and the downturn
began with the Q3 ’08 indicator -15%
data -18%
-19%
-20%
Q1 ‘08 Q2 ‘08 Q3 ‘08 Q4 ‘08 Q1 ‘09 Q2 ‘09
The IntraLinks Deal Flow Indicator is calculated based on the total volume of IntraLinks exchanges that were proposed for use by deal teams that initiated projects
during the quarter. The totals are then analyzed by global regions and compared to previous time periods.
© 2009 IntraLinks, Inc. IntraLinks, the IntraLinks logo and IntraLinks Deal Flow Indicator are trademarks of IntraLinks, Inc. All rights reserved. Notice: Deal Flow Indicator may be used solely
for personal, non-commercial use. Contents of this report may not be reproduced, distributed or published without the permission of IntraLinks. For permission to republish Deal Flow Indicator
content, please contact info@intralinks.com. This report is provided “as is” for information purposes only, and IntraLinks makes no guarantee, representation or warranty of any kind regarding the
timeliness, accuracy or completeness of its content.