Press Release - Mergermarket

Asia-Pacific (ex. Japan) M&A Overview
After signs of recovery in the third quarter, M&A in Asia-Pacific (excluding Japan) reverted at the end of the year
to the overall downward trend for the year seen across the globe. The last quarter saw the announcement in the
region of 427 deals worth US$ 68bn, the lowest quarterly total since Q3 2009 (US$ 65.4bn). Usually the busiest
quarter of the year for M&A in the Asia-Pacific region, this quarter was the lowest Q4 since 2005 (US$39.5bn), and
showed a decrease of 31.9% in deal value compared to the previous quarter (US$ 99.9bn).
After seeing the highest total annual deal value for the region the previous year, the 2011 total was dragged down
by the poor fourth quarter. With US$ 336bn-worth of deals, the total value of M&A in 2011 was 10.8% below 2010’s
total (US$ 376.9bn). It was the fourth busiest year on mergermarket record (since 2001).
Activity went down in almost all the major countries in the region, with India seeing a 43.9% drop in deal value
from US$ 51.8bn in 2010 to US$ 29.1bn in 2011, Malaysia seeing a 31.3% drop from US$ 22.1bn to US$ 15.2bn,
South Korea seeing a 14.3% drop to US$ 34.4bn, and Australia seeing a 12.6% drop to US$79.3bn. China was the
notable exception with an increase of 8% compared to 2010, from US$ 95.4bn to US$ 103bn.
Asia-Pacific (excluding Japan) inbound cross-border deals added up to US$ 93.9bn in 2011, an 11.3% increase
compared to 2010 (US$ 84.4bn) and the highest level on mergermarket record (since 2001). Outbound crossborder
total deal value was US$ 113.6bn, a 16.7% increase since 2010 (US$ 97.4bn) and the highest total since
2007 (US$ 124.5bn).
Goldman Sachs was involved in five of the year’s ten largest deals in the region and dominates the financial advisor
league table for Asia-Pacific (excluding Japan) M&A by deal value in 2011. All firms in the top ten ranking are
companies from outside the region, with Macquarie Group, ranked 13th, the highest ranking Asia-Pacific-based
firm.
Value of Deals (US$bn)
20
18
16
14
12
10
8
6
4
2
0
Value (US$bn)
Volume
Asia-Pacific Private Equity Buyout Activity - Quarterly
(excluding Japan)
75
70
65
60
55
50
45
40
35
30
25
20
15
10
5
0
Volume of Deals
Value of Deals (US$bn)
Value of Deals ($bn)
170
160
150
140
130
120
110
100
90
80
70
60
50
40
30
20
10
0
60
55
50
45
40
35
30
25
20
15
10
5
0
Value (US$bn)
Volume
Inbound Value ($bn)
Outbound Value ($bn)
Inbound Volume
Outbound Volume
Asia-Pacific M&A Activity - Quarterly
(excluding Japan)
Asia-Pacific (excl. Japan) Inbound/Outbound M&A
Press Release: mergermarket M&A Round-up for Year End 2011
39
www.mergermarket.com
700
650
600
550
500
450
400
350
300
250
200
150
100
50
0
175
150
125
100
75
50
25
0
Volume of Deals
Volume of Deals