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| Global mid-mkt M&A deals dip 40% to $316 bn |
| Press Trust of India / New Delhi Aug 26, 2009, 14:21 IST |
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The global mid-market merger and acquisition activity is still struggling to overcome the effects of the economic downturn as the M&A value of this segment has fallen to $316.3 billion, the lowest since 2003 level, a report said.
Mid-market merger and acquisition (M&A) deals are those transactions which are valued between $100 million and $1 billion.
"Global Mid-market volume has fallen to $316.3 billion so far this year, the lowest since August 2003," global deal tracking firm Dealogic said in the report.
The mid-market deal volume, which constitutes about 20 per cent of the overall M&A volume, has registered a decline of 40 per cent over its corresponding period last year.
Real estate has emerged as the most targeted industry in the mid-market M&A segment and has cornered deals worth $48.5 billion so far this year.
Finance was the second most targeted industry with $37.4 billion deals, while the oil and gas segment accounted for $30.1 billion transactions.
Similar gloom is being witnessed in the overall global merger and acquisition activities as well, with the M&A volume till August standing at $1.3 trillion — down 38 per cent from the year ago period.
There was a downturn in terms of value as well as volume. The global M&A deal count hit 20,000 on August 5. Last year, this threshold was passed on June 18 and by August 5, 2008, there were already over 25,000 deals.
The Europe, the Middle East and Africa (EMEA) was the most active region and attracted 7,652 deals till August 5, accounting for 38 per cent of global M&A deals.
However, in terms of most targeted nations, the United Kingdom attracted the maximum number of transactions and cornered 1,261 deals and Russia was ranked in the second place with 1,049 deals.
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