BRIC targeted M&As in 2013 at $155.2 billion: Report
New Delhi: M&A deals targeted towards BRIC countries -- Brazil, Russia, India and China -- stood at USD 155.2 billion so far in 2013, the lowest year to date (January-June) level since 2009, Dealogic said.
BRIC targeted M&A (mergers and acquisitions) volume stood at USD 155.2 billion so far this year, down 16 percent compared to the USD 184 billion announced in the corresponding period a year ago.
Moreover, this marks the lowest year-to-date level since 2009, when it stood at USD 131.5 billion.
In terms of number of deals, 2013 also saw the lowest number of BRIC targeted deals as there were 2,663 transactions, the lowest year-to-date level since 2007 when 2,192 deals were announced.
On a year-on-year basis, the number of deals so far this year was down 34 percent from 4,034 deals announced in the same period last year.
China was the only BRIC nation to see an increase in M&A volume which stood at USD 94.7 billion so far this year. This was an increase of 20 percent from the corresponding period a year ago. Moreover, this was the highest year-to-date level on record for China.
"China targeted M&A also accounts for 61 percent of the BRIC M&A volume in 2013 YTD, the highest YTD share since 2004 (64 percent) and up from 43 percent share in 2012 YTD," Dealogic said.
In contrast, Brazil accounted for 11 percent of the BRIC M&A volume with USD 17 billion, the lowest share since 2005 so far this year when it stood at 6 percent and down from the 23 percent share in 2012 year-to-date.
In terms of BRIC M&A advisory ranking, Morgan Stanley topped the chart with USD 30.4 billion, followed by Credit Suisse with USD 17.6 billion and Goldman Sachs with USD 17 billion.