Global M&A deals reaches $29 bn in Jan-Oct

Cross-border merger and acquisition (M&A) deals' value touched $29 billion in the first 10 months of 2011 despite slowdown in global economy.

Indian corporates are showing an increasing appetite for cross-border M&A deals. In the first 10 months of 2011, M&A cross-border deals stood at $29 billion of which in-bound stood at $19.3 billion, SBICaps and M&A International Inc said.

The total number of M&A deals in the first 10 months of 2011 stood at 523 against 662 in the whole of 2010, it said.

India Inc's appetite for M&As in 2010 had more than quadrupled over 2009, clocking $49.8 billion, it said.

 

Geographies such Europe, especially the UK and west Europe attracted the interest of Indian investors, it said, adding other geographies of interest were the US, south-east Asia (China, Korea and Taiwan), the West Asia and to some extent, Latin America.

India is on top-of-the-mind recall as far as overseas investors are concerned following big deals consummated such as the Tata-JLR deal, it added.