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Asian deals drive 18% rise in global M&A

29 March 2010

Global mergers and acquisitions (M&A) saw a year-on-year rise of 18 per cent in the first quarter of 2010, according to new data from Thomson Reuters.

The figures indicate that deal-making in Asia was the main driver of M&A activity in the first three months of the year, while energy and utilities was the busiest sector.

With the total declared value of M&A rising to $520.4 billion (£347.3 billion), Asian deals outstripped those in Europe for only the second quarter on record.

In addition, M&A activity in emerging economies made up 32 per cent of the total, up from 18 per cent in the corresponding period of 2009.

The market for M&A slumped to a five-year low last year, but the latest findings suggest demand for interim management services may be growing as more companies target growth, particularly in Asia.

However, Simon Dingemans, managing director of European M&A at Goldman Sachs, sounded a note of caution.

He told Reuters: "We are past the worst, but the outlook is still very uncertain and for many this feels like it's going to be a long, hard climb."

A recent report from PricewaterhouseCoopers revealed that M&A involving renewable energy providers accounted for 25 per cent of deals made in the power and utilities sector last year.

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Categories: Energy, Manufacturing & Infrastructure

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