Global M&A Growth Stalls Again in H1 2012

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• Publié par: bureau-van-dijk-bvd
• Nombre de lectures: 19
• Langue: English

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Global M&A Growth Stalls Again in H1 2012

PR Newswire

LONDON, June 28, 2012

LONDON

,

June 28, 2012

/PRNewswire/ --

Private equity continues to underperform

Zephyr reports on M&A and private equity activity in H1 2012

Click here to see the full H1 2012 Global M&A Report

Global: page 1-14

Western Europe

: page 15-25

North America

: page 26-35

Asia

/

Asia Pacific

: page 36-46

Middle East

: page 47-57

The value of global deals fell 4 per cent to

USD 1,474 billion

in the first six

months of 2012 from

USD 1,531 billion

, according to the latest M&A report

from Zephyr, the M&A database. The figure represents the third consecutive

drop in value which, although briefly reversed in H2 2010, continues the decline

that began in H1 2009.

Growth in global M&A was further weakened by another poor result for private

equity investment, which dropped for the third consecutive period to

USD

121,431 million

. However, the result was nowhere near as bad as the

USD

70,346 million

low reached in 2009.

Mirroring this result, North American deal value once again lost ground, falling

by almost a quarter from

USD 519,571 million to USD 392,811 million

. This

marked the region's third drop in a row, and indeed, was the lowest it has been

for the last five years. Despite recording a couple of high value deals - the

USD

38,000 million

takeover of natural gas pipeline network El Paso by Kinder

Morgan, and Capital One Financial's purchase of HSBC's credit card business -

North American deal value accounted for only 27 per cent of global value.

The notable exceptions to the overall global downturn were

Western Europe

and the

Middle East

, which both performed well in H1 2012. The latter achieved

particularly impressive results, especially given the current political climate in

parts of the region, with 117 deals worth a combined

USD 8,915 million

, more

than double the previous figure of

USD 4,081 million

at the end of last year.

Private equity investment in the region was also strong, increasing from

USD 84

million to USD 805 million

.

Western Europe

experienced a 37 per cent upturn in

deal value to

USD 450,097 million

, due in no small part to the Glencore-Xstrata

tie-up worth

USD 39,884 million

.

To a slightly lesser extent,

Asia Pacific

and

Central Asia

also bucked the

downward trend. The value of deals targeting businesses in the region

increased by one per cent in H1 2012, from

USD 435,475 million

in H2 2011 to

USD 441,122 million

, continuing the fluctuation seen in previous years.

Transaction numbers, on the other hand, were down, sliding 23 per cent from

10,364 to 7,983. This continued the downward momentum that began in H1

2010. The region's largest deal was a takeover of Singaporean property

developer Brothers (Holdings) by Tung Xin Investment, which weighed in at

USD

61,049 million

, followed by a transaction that saw Heinz ABC Indonesia's US

parent pay

USD 54,800 million

to increase its holding in the company from 55

to 65 per cent.

Notes to Editors:

1. Activity is based on the activity of the target country

2. The date range for H1 2012 is

01/01/2012 - 24/06/2012

inclusive

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

4. 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

.

5. The

Asia

/

Asia Pacific

region covers target companies the Far East,

Central Asia

and

Oceania.

6. The

Middle East

region covers target companies in

Bahrain

,

Iran

,

Iraq

,

Kuwait

, Jordan

Lebanon,

Oman

,

Qatar

,

Saudi Arabia

,

Syria

, UAE and

Yemen

. It excludes

Israel

.

About Zephyr

Zephyr is an information solution containing M&A, IPO and venture capital deals

and rumours with links to detailed financial company information. Zephyr

covers various deal types including M&A activity, IPOs, joint ventures and

private equity deals. It's published by Bureau van Dijk (BvD). The deals on

Zephyr are linked to the company financials and peer reports on BvD's product

range, which includes Orbis, Amadeus and Fame, for company valuation and

benchmarking.

Zephyr contains information on over one million 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. http://www.zephyrdealdata.com

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 Fame, Orbis, Amadeus, Bankscope, Isis and Osiris. BvD also

publishes the global M&A database, Zephyr. http://www.bvdinfo.com

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