Turned out to be a record after all.
The U.S. market witnessed $12.3 billion in joint venture announcements in 2011, topping the $10.6 billion in announced value for 2010.
To date, joint venture arrangements have totaled $36 billion between 2006 and year-end 2011. The year 2011 contributed one-third of the value among joint venture transactions that have announced dollar figures to date, while the last two years account for two-thirds of announced value in post 2006 deals.
The fourth quarter of 2011 produced the second highest dollar volume to date ...