New Delhi: The value of Asia Pacific-focused merger and acquisition deals reached USD 20.1 billion in January this year, a decline of 40 percent from that in the same month last year.
The year 2012 began on a sluggish note in the merger and acquisition space, as in the corresponding period a year ago (from January 1 to January 29) the cumulative M&A deal value amounted to USD 33.5 billion from 830 transactions, according to the data provided by global deal tracking firm Dealogic.
For the week ending January 29, the Asia Pacific (excluding Japan) targeted M&A volume totalled USD 4.9 billion taking the year-to-date announced volume totals USD 20.1 billion.
A sector-wise analysis showed that the finance sector led the industries in volume terms last week with total deal value of USD 3.4 billion from two transactions. In number terms, the technology sector was the leader witnessing seven deals of worth USD 287 million last week.
South Korea was the largest targeted nation in Asia Pacific (excluding Japan) with three deals worth USD 3.3 billion.
The largest deal in Asia Pacific (excluding Japan) last week was the repurchase of redeemable preferred shares of Shinhan Financial Group Co for a total consideration of USD 3.3 billion.
Morgan Stanley is the leading M&A deal adviser in the Asia-Pacific (excluding Japan) this year so far with three deals worth USD 2.8 billion under its belt.
First Published: Monday, January 30, 2012, 16:43