No. of global M&A deals in July at 3-year low of 2,922

PTI New Delhi | Updated on March 12, 2018 Published on August 05, 2012

The number of global merger and acquisition (M&A) deals announced in July this year was at 2,922 — the lowest since August 2009, deal tracking firm Dealogic has said.

Total value of global deals announced in July stood at $216 billion, on par with $219 billion in June and was in tune with an average of $212 billion a month so far this year, according to the July M&A review report by Dealogic.

In August 2009, as many as 2,615 transactions were announced, the report said.

The cumulative value of M&A deals globally during the first seven months of 2012 stood at $1.48 trillion, down 16 per cent from the same period last year.

Global merger and acquisition (M&A) deal volume reached $1-trillion mark in May this year taking longer than last year, when it reached the mark a month earlier in April.

According to experts, overall the M&A landscape is witnessing moderation in the deal momentum due to the global economic concerns (mainly around Europe).

A sector-wise analysis showed that oil & gas was the most targeted sector in 2012 so far, as it attracted deals worth $185 billion, up 9 per cent from the comparable period a year ago.

Conoco Phillips’s $20.8 billion spin-off of Phillips66 is the largest oil and gas deal so far this year.

The largest deal announced in July was the acquisition of Canadian oil & gas group Nexen Inc by Chinese oil & gas group CNOOC Ltd for $18.2 billion including debt ($15.1 billion excluding debt).

If the deal completes, it will be the largest cross-border acquisition by a Chinese company on record, the fifth largest foreign takeover of a Canadian company on record and the fourth largest deal this year so far, Dealogic said.

The US targeted M&A decreased by 26 per cent to $477 billion in the first seven months of this year against the same period last year. European M&A slipped 21 per cent to $430 billion and Asia-Pacific (ex-Japan) M&A declined 13 per cent to $346 billion.

Goldman Sachs lead the M&A advisory ranking in the January-July period with $335 billion worth of deals, followed by JPMorgan ($308 billion) and Morgan Stanley ($300 billion), Dealogic said.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on August 05, 2012
This article is closed for comments.
Please Email the Editor