‘Asia-Pac M&A deals plummet 62%’

Cumulative deal value in the Asia-Pacific region is at $6.4 bn.

Written by Agencies | New Delhi | Published: January 16, 2012 5:50 pm

The year 2012 began on a sluggish note in the merger and acquisition (M&A) space,with cumulative deal value in the Asia-Pacific region down by 62 per cent at USD 6.4 billion so far this year.

According to global deal tracking firm Dealogic,the year-to-date announced M&A volume in the Asia-Pacific region — excluding Japan — stood at USD 6.4 billion from 275 deals,as against USD 16.9 billion by way of 385 deals in the period under consideration last year.

Out of the total deals inked this year,the value of announced M&A transactions in the past week totalled USD 4.1 billion,of which 19 transactions were worth over USD 50 million,Dealogic said.

A sector-wise analysis shows that mining was the most active segment last week,with the space witnessing USD 1 billion worth of deals from 14 transactions.

Meanwhile,technology led other industries in terms of the number of deals last week,accounting for USD 137 million through 17 deals.

China was the most-targeted nation in the Asia-Pacific (excluding Japan),with 46 deals worth USD 1.9 billion during the last seven days.

The largest announced deal in the Asia-Pacific (excluding Japan) last week was the bid for a 50.3 per cent stake in listed Malaysian pizza restaurant chain operator QSR Brands to the Kuala Lumpur Malay Chamber of Commerce for a total consideration of about USD 388 million.

Credit Suisse is the leading M&A deal advisor so far this year in the Asia-Pacific (excluding Japan),with one deal worth USD 2.2 billion under its belt.

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