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MENAFN Press - 27/09/2012

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(MENAFN Press) 27th September 2012 “ Despite a continued climate of uncertainty in the Middle East, deal activity continues to go from strength to strength, as the region recorded its highest value figure for the last eight quarters soaring from USD 3,794 million to USD 9,594 million, and even more impressive when compared to the same period in 2011 when just USD 1,704 million was recorded, according to the latest series of M&A reports from Zephyr, the M&A database, published by Bureau van Dijk.

Volume was slightly weaker, but a number of big deals boosted value, in particular the sale by Qatar Petroleum of a 19 per cent stake in national conglomerate Industries Qatar worth USD 3,918 million, accounting for 41 per cent of the overall value for the region.

The value of deals targeting North American businesses has increased for the second quarter in a row in spite of a drop in volume, Transactions in the region totalled USD 273,272 million in Q3 2012, up 31 per cent on Q2 but down 5 per cent on the same period in 2011. Deal numbers fell 9 per cent, from 3,567 in the last quarter, to 3,254 in the period under review.

The volume and value of deals targeting companies based in Asia Pacific and Central Asia fell to their lowest level in the last two years, and marked the third consecutive quarter of decline. A total of 3,644 transactions worth a combined USD 136,703 million were recorded, compared with 4,625 worth USD 149,301 million in Q2. By contrast, private equity investment in the region increased in value both quarter-over-quarter and year-on-year, rising to USD 7,112 million from USD 5,827 million in Q2 and higher than the USD 4,999 million achieved in the corresponding quarter of 2011.

Deal activity targeting Western European companies fell in Q3 2012, with 4,050 transactions worth a total of EUR 100,884 million recorded for the period. This represents a 47 per cent drop in value, with volume coming to 18 per cent less than the 4,915 recorded in Q2 and 19 per cent down on the same period in 2011. The quarter's largest deal by value was Volkswagen's purchase of a 50.0 per cent holding in Porsche, which amounted to EUR 4,490 million. The lack of a blockbuster deal can be blamed for the low values recorded.

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The Q3 2012 date range is 01/07/2012 - 26/09/2012 inclusive
Activity is based on the activity of the target company
Deal status is announced, completed, pending or unconditional

The sector breakdown uses targets' activities as defined to be 'Major Sectors' by Zephyr

The Western Europe region covers target companies in Andorra, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Gibraltar, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Monaco, Netherlands, Norway, Portugal, San Marino, Spain, Sweden, Switzerland, Turkey and the United Kingdom

The Middle East region covers target companies in Bahrain, Iran, Iraq, Kuwait, Jordan, Lebanon, Oman, Qatar, Saudi Arabia, Syria, UAE and Yemen

The Asia Pacific and Central Asia region covers target companies in in the Far East, Central Asia, Oceania and Asean


About Bureau van Dijk
Bureau van Dijk (BvD) is one of the world's leading publishers of electronic business and company information. The company has 30 offices worldwide. BvD is best known for its range of international company information products that combines multiple high-quality data sources with flexible software to allow users to manipulate data for research, marketing intelligence and analysis. Products include Orbis, Bankscope, Isis and Osiris. BvD also publishes the global M&A database, Zephyr. Zephyr is an information solution containing M&A, IPO and venture capital deals and rumours with links to detailed financial company information. Zephyr contains information on over 950,000 deals. Approximately 75,000 deals are added each year depending on levels of deal activity. Zephyr has no minimum deal value. All deal information is translated into English. Zephyr's UK-based researchers speak 30 languages and use native language and English sources in their deal enquiries. www.bvdinfo.com

 






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