BRIC targeted M&As in 2013 at $155.2 billion: Report

NEW DELHI: M&A deals targeted towards BRIC countries -- Brazil, Russia, India and China -- stood at $155.2 billion so far in 2013, the lowest year to date (January-June) level since 2009, Dealogic said.

BRIC targeted M&A ( mergers and acquisitions) volume stood at $155.2 billion so far this year, down 16 per cent compared to the $184 billion announced in the corresponding period a year ago.

Moreover, this marks the lowest year-to-date level since 2009, when it stood at $131.5 billion.

In terms of number of deals, 2013 also saw the lowest number of BRIC targeted deals as there were 2,663 transactions, the lowest year-to-date level since 2007 when 2,192 deals were announced.

On a year-on-year basis, the number of deals so far this year was down 34 per cent from 4,034 deals announced in the same period last year.

China was the only BRIC nation to see an increase in M&A volume which stood at $94.7 billion so far this year. This was an increase of 20 per cent from the corresponding period a year ago. Moreover, this was the highest year-to-date level on record for China.

"China targeted M&A also accounts for 61 per cent of the BRIC M&A volume in 2013 YTD, the highest YTD share since 2004 (64 per cent) and up from 43 per cent share in 2012 YTD," Dealogic said.

In contrast, Brazil accounted for 11 per cent of the BRIC M&A volume with $17 billion, the lowest share since 2005 so far this year when it stood at 6 per cent and down from the 23 per cent share in 2012 year-to-date.

In terms of BRIC M&A advisory ranking, Morgan Stanley topped the chart with $30.4 billion, followed by Credit Suisse with $17.6 billion and Goldman Sachs with $17 billion.