Ernst & Young published a report talking about M&A activity in the MENA region during Q2 of this year. According to the report, M&A activity amassed to $12 billion, a rise of 100% from the previous quarter. However, the value of the transactions for the first half decilned to $18.5 billion, a decline of 15% from the same period last year. Although the value of the deals in Q2 increased, the number of deals decreased in Q2 to 67 deals, down from 76 deals in Q1. Kuwait had the most deals with 7 deals, while Jordan came in second at 5 deal, and Egypt along with the UAE and Saudi Arabia shared the third place with 3 deals each.
In my opinion, seeing a surge in M&A activity is healthy, as it might signal that corporations are finding valuations attractive enough to acquire other companies. Also, some companies might acquire their subsidieries (as is the case of Mazaya and First Dubai), which makes them financialy stronger.
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Loading ...Tags: Acquistion, M&A, MENA, Merger
Good confirmation from the region especially after the recent surge in M&A activity in the US. These are encouraging signs indeed.
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are you looking at M&A involving public equities only or does this include private transactions? (target or acquirer)
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