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Merger and acquisition activity targeted towards the Asia Pacific countries including India stood at $348.8 billion in the first nine months of 2013, registering a marginal rise of 3 per cent over the same period a year ago.
According to global deal tracking firm Dealogic, though there has been an increase in deal volume, deal activity (number of deals) registered a decline of nine per cent year-on-year to 6,753 transactions.
China led the nationality ranking with $156.9 billion worth of deals. The China targeted deal volume was up 20 per cent from $131 billion year-on-year and marked the highest first nine months volume on record.
Meanwhile, Singapore recorded the largest year-on-year drop in the SE Asia region, down 54 per cent to $13.2 billion in the first nine months of 2013 from $28.6 billion in the comparable period of 2012.
Sector-wise, oil and gas remained the largest targeted sector for the region’s outbound M&A at $27.7 billion, although this was down 20 per cent from $34.6 billion in the same period a year ago.
Meanwhile, the global M&A volume reached $2.10 trillion in the first nine months of 2013, up 17 per cent on the same period in 2012.
“Despite the volume increase, global activity dropped 17 per cent over the same period to 27,216 deals and was the second consecutive year-on-year decline in activity,” Dealogic said.
The US targeted M&A volume totalled $865.1 billion in the first nine months of 2013, up 39 per cent compared to the same 2012 period to become the highest first nine month total since 2008 when deals worth $915.8 billion were announced.
There were 18 global deals valued above $10 billion announced in the first nine months of 2013 for a combined value of $449.0 billion.
“Verizon Communications’ $130 billion acquisition of the remaining 45 per cent stake in Verizon Wireless from Vodafone, announced on September one, is the second largest M&A deal on record,” the report added.
Goldman Sachs led global, US, European and Asia Pacific (ex Japan) deal advisers’ ranking in the first nine months of 2013.
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