MENA M&A Quarterly Bulletin
Issue 1 - 2Q2012
The MENA region witnessed 116 M&A transactions in 2Q12, an increase of 33% over 2Q11.
Total deal value in 2Q12 hit a five-year high of USD 15 billion.
Average deal value was USD 129 million in 2Q12, compared to USD 73 million in 2Q11.
Targeted MENA M&As topped 93 transactions, totaling USD 12.31 billion.
GCC accounted for 60% of targeted MENA M&A deal values in 2Q12, North Africa 38% and Levant 2%.
UAE was the top targeted M&A country by volume with 18 transactions worth USD 2.46 billion.
The telecommunications sector topped the charts with USD 4.6 billion.
Volume vs. Value Quarterly Comparison
14,000!
14,000!
120!
12,000!
2Q08!
2Q09!
2Q10!
Deal Values ($m)!
4,750!
4,500!
4,250!
4,000!
3,750!
3,500!
3,250!
3,000!
2,750!
2,500!
2,250!
2,000!
1,750!
1,500!
1,250!
1,000!
750!
500!
250!
0!
2Q11!
2Q12!
40!
4,000!
20!
2,000!
60!
6,000!
40!
4,000!
80!
8,000!
60!
6,000!
100!
10,000!
80!
8,000!
120!
12,000!
100!
10,000!
140!
16,000!
140!
16,000!
0!
MENA M&A Trend - By Quarter
20!
2,000!
0!
0!
2Q11!
No. of Deals!
3Q11!
4Q11!
Deal Values ($m)!
1Q12!
2Q12!
0!
No. of Deals!
MENA M&A Targeted Country Analysis - 2Q12
20!
18!
16!
14!
12!
10!
8!
6!
4!
2!
UAE!
Egypt!
Jordan!
Morocco!
Oman!
Kuwait!
Saudi
Arabia!
Deal Values ($m)!
M&A Deal Location Volume Analysis - 2Q12
Inbound
19%
Outbound
19%
Domestic
67%
Lebanon!
Bahrain!
Qatar!
Palestinian
Territories!
Iraq!
Tunisie!
0!
No. of Deals!
M&A Deal Location Value Analysis - 2Q12
Domestic
56%
Inbound
26%
Outbound
18%
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MENA M&A Quarterly Bulletin
Issue 1 - 2Q 2012
MENA M&A Volume Sector Analysis - 2Q12
Other!
Power and Utilities!
Leisure and Tourism!
Services!
Oil and Gas!
Consumer Goods!
Health Care!
Retail!
Media!
Telecommunications!
Transport!
Industrial Manufacturing!
Food and Beverages!
Construction!
Real Estate!
Financial Services!
No. of Deals!
0!
5!
10!
15!
20!
25!
MENA M&A Value Sector Analysis - 2Q12
Other!
Health Care!
Industrial Manufacturing!
Food and Beverages!
Power and Utilities!
Real Estate!
Leisure and Tourism!
Value in $m!
Construction!
Consumer Goods!
Oil and Gas!
Transport!
Financial Services!
Telecommunications!
0!
500!
1,000!
1,500!
2,000!
2,500!
3,000!
3,500!
4,000!
4,500!
5,000!
MENA M&A Deal Value Ranges
Deal Values - 2Q12
No. of Deals
< USD 50 million
USD 50 million - USD 100 million
>USD 100 million
Undisclosed Deal Values
YoY
Total Deal Values (in $m)
41
3
21
51
382
178
14,445
Top 5 Valued M&A Transactions in 2Q12
Acquirer Name
Country Sector
MT Telecom SCRL
France
Mubadala Development
Company
UAE
National Bank of Kuwait
Qatar Telecom
The National Shipping
Company of Saudi Arabia
Kuwait
Qatar
Saudi
Arabia
YoY
Target Name
Country
Sector
Telecommunications Egyptian Company for
Mobile Services
Financial Services
EMI Music Publishing
Egypt
Telecommunications
United States
Financial Services
Financial Services
Boubyan Bank
Telecommunications AsiaCell for Communication
Transport
Vela International Marine
Kuwait
Iraq
UAE
Financial Services
Telecommunications
Transport
Deal Value
% Bought ($m)
94%
3,135
-
2,200
53%
30%
100%
2,070
1,470
1,300
Important Notes:
1- Data included in the M&A Quarterly bulletin reflects deals that are Confirmed, In Process and Complete.
2- MENA includes Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine Territories, Qatar, Saudi Arabia,
Syria, Tunisia and UAE.
3- Data is correct as of June 2012, Source: M&A Monitor, www.zawya.com/middle-east/mergers-acquisitions/
Prepared by Michel El Maalouly, michel@zawya.com
For further information, contact us at manda@zawya.com
Copyright Zawya 2012
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