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Rapport Fusion Acquisition Moyen-Orient Avril 2011

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8 pages

Rapport mensuel fusion acquisition

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Ajouté le : 01 janvier 2011
Lecture(s) : 34
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Zephyr Monthly M&A Report
Middle East, April 2011
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed
financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary
from this report in your articles as long as the
source is cited as “Zephyr published by BvD”
Contact
+44 161 838 9554
Zephyr Editorial: zephyreditorial@bvdinfo.com
Zephyr Monthly M&A Report
Middle East, April 2011
Page 1
© Zephyr
The following report details
mergers and acquisitions
activity in the Middle East
excluding Israel in April 2011
using data from the Zephyr
database.
It focuses on deal activity by target company.
Click
here
to access the raw data in an Excel
spreadsheet.
Deal volume at 12-month low, no
value growth since January
The value of deals with Middle East-based
targets fell for the third consecutive month in
April, reaching the lowest level recorded since
July 2010. Volume rescinded 40 per cent in just
four weeks to reach the lowest number of deals
recorded in the last 12 months.
April’s 26 deals were worth a combined USD 484
million. By value this was 16 per cent less than
the USD 573 million in April 2010, while volume
rescinded by 59 per cent over the 12 months.
This weak performance, coupled with the fact
that the top three transactions by value were
fundraisers, gives a fragile picture of M&A activity
in the region.
Deals by volume and value
Announced date
No of deals
Total deal value
(mil USD)
Apr-11
26
484
Mar-11
43
586
Feb-11
37
1,180
Jan-11
51
1,991
Dec-10
39
1,111
Nov-10
68
575
Oct-10
74
2,940
Sep-10
76
540
Aug-10
97
980
Jul-10
82
416
Jun-10
95
2,247
May-10
51
1,339
Apr-10
63
573
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed
financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary
from this report in your articles as long as the
source is cited as “Zephyr published by BvD”
Contact
+44 161 838 9554
Zephyr Editorial: zephyreditorial@bvdinfo.com
Zephyr Monthly M&A Report
Middle East, April 2011
Page 2
© Zephyr
Deals by volume and value
0
20
40
60
80
100
120
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
Dealvalue(milUSD)
Total deal value (mil USD)
Number of deals
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed
financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary
from this report in your articles as long as the
source is cited as “Zephyr published by BvD”
Contact
+44 161 838 9554
Zephyr Editorial: zephyreditorial@bvdinfo.com
Zephyr Monthly M&A Report
Middle East, April 2011
Page 3
© Zephyr
Financial services firms call for cash
There were three high-value capital increases from financial institutions in
April – specifically Waha Capital of the UAE, Bahrain’s Ahli United Bank and
Syria’s Fransabank-Syria. Between them the trio accounted for the top three
deals by value and announced plans to raise a combined USD 335 million.
The largest M&A deal was Singapore’s Nordic Flow Control, an Asian marine
products unit belonging to Nordic Group, picking up a 49 per cent stake in
Qatari scaffolding company Multiheight International. Nordic Flow also bought
two Singapore-based companies as part of the same transaction, which was
worth USD 37 million.
Inconsistent volume and value for individual countries
Jordan was the most prolific deal target with nine transactions involving
companies based in the country. However, these were not high-value deals as
the total value for Jordan was just USD 11 million – compared to USD 170
million for first-placed UAE.
Both Syria and Saudi Arabia had deal values in April 2011, though they had
none in the year-ago and month-ago periods. Monthly comparisons between
Middle East-based target countries do not show a consistent leader.
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed
financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary
from this report in your articles as long as the
source is cited as “Zephyr published by BvD”
Contact
+44 161 838 9554
Zephyr Editorial: zephyreditorial@bvdinfo.com
Zephyr Monthly M&A Report
Middle East, April 2011
Page 4
© Zephyr
Top 20 deals by value with Middle East targets
Deal value
(mil USD)
Deal type
Target
Target
country
Acquiror
Acquiror
country
Deal status
1
136
Minority stake
Waha Capital PJSC
AE
Announced
2
125
Minority stake
Ahli United Bank BSC
BH
The International Finance Corporation
II
Announced
3
74
Acquisition 67%
Fransabank-Syria SA
SY
Announced
4
37
Acquisition
Multiheight Scaffolding Pte Ltd; Multiheight Marine Pte Ltd;
Multiheight International Co. LLC
SG; SG; QA
Nordic Flow Control Pte Ltd
SG
Announced
5
34
Acquisition 100%
International Centre for Contracting Company
SA
Drake and Scull International PJSC
AE
Completed
6
30
Acquisition 80%
Jebel Ali Container Glass Factory FZE
AE
Frigoglass SA
GR
Announced
7
21
Minority stake 15%
Anaam International Holding Group Company
SA
Announced
8
6
Minority stake 9%
Al Masaken International Real Estate Development Company KSCC
KW
Al-Aman Investment Company KSCC
KW
Announced
9
4
Minority stake 49%
Al Ghurair Additives LLC
AE
Adeka Corporation
JP
Announced
10
4
Acquisition increased 31% to 73%
Jordan Dairy Company Ltd
JO
Dr Ahmed Muflih Salih Al Howarani
JO
Completed
11
4
Minority stake 5%
MENA Real Estate Company KSCC
KW
Al-Aman Investment Company KSCC
KW
Announced
12
1
Acquisition increased 49% to 60%
Lalbuksh Voltas Engineering Services & Trading LLC
OM
Voltas Ltd
IN
Completed
13
1
Minority stake 5%
Al-Amal Financial Investments Company Plc
JO
Completed
14
1
Minority stake 6%
Arab Real Estate Development Company
JO
Mr Masad Bin Mohamed Abd El Aziz Al
Minifi; Mr Saood Bin Salih Bin Hamd Al Salih;
Mr Ramzi Bin Abdullah Othman Al Nasar
JO; JO; JO
Completed
15
1
Minority stake 7%
Jordan & Emirates Dimensions for Commercial Investment
JO
Completed
16
1
Minority stake 3%
Al-Amal Financial Investments Company Plc
JO
Completed
17
1
Minority stake increased 3% to 12%
Arab Jordanian Insurance Group Plc
JO
Mr Mohamed Taha Al Qaseem Al Harashh
Completed
18
1
Minority stake increased 2% to 8%
Arab Jordanian Insurance Group Plc
JO
Beautiful General Investment Company
JO
Completed
19
1
Minority stake 6%
Arab Jordanian Insurance Group Plc
JO
Friends of the Mediation and Financial
Investments
JO
Completed
20
0.4
Minority stake 3%
Jordan & Emirates Dimensions for Commercial Investment
JO
Completed
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed
financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary
from this report in your articles as long as the
source is cited as “Zephyr published by BvD”
Contact
+44 161 838 9554
Zephyr Editorial: zephyreditorial@bvdinfo.com
Zephyr Monthly M&A Report
Middle East, April 2011
Page 5
© Zephyr
Target countries by volume
Target country
Apr-10
Mar-11
Apr-11
Jordan
34
23
9
UAE
7
9
6
Saudi Arabia
1
2
3
Oman
8
1
3
Kuwait
6
3
2
Syria
0
0
1
Qatar
2
1
1
Bahrain
2
0
1
Yemen
0
0
0
Iran
1
0
0
Lebanon
2
0
0
Iraq
0
4
0
Target countries by value
Target country
Apr-10
(mil USD)
Mar-11
(mil USD)
Apr-11
(mil USD)
UAE
2
322
170
Bahrain
79
0
125
Syria
0
0
74
Saudi Arabia
0
0
55
Qatar
0
82
37
Jordan
32
57
11
Kuwait
263
38
10
Oman
145
15
1
Yemen
0
0
0
Iran
0
0
0
Lebanon
52
0
0
Iraq
0
70
0
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed
financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary
from this report in your articles as long as the
source is cited as “Zephyr published by BvD”
Contact
+44 161 838 9554
Zephyr Editorial: zephyreditorial@bvdinfo.com
Zephyr Monthly M&A Report
Middle East, April 2011
Page 6
© Zephyr
Notes to Editors
Activity is based on the activity of the target company
Deal status is announced, completed, pending or unconditional
The data range is to 27/04/2011
The Middle East region covers target companies in Bahrain, Iran, Iraq, Kuwait, Jordan, Lebanon, Oman, Qatar, Saudi Arabia, Syrian Arab Republic, UAE and
Yemen
Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed
financial information on companies. For more information visit www.zephyrdealdata.com.
You are free to use any data or commentary
from this report in your articles as long as the
source is cited as “Zephyr published by BvD”
Contact
+44 161 838 9554
Zephyr Editorial: zephyreditorial@bvdinfo.com
Zephyr Monthly M&A Report
Middle East, April 2011
Page 7
© Zephyr
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 820,000 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.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. www.bvdinfo.com
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