Africa, Middle East see M&A deals grow 40% to $164.2bn amidst global decline
Adesola Afolabi was a businessamlive reporter and Head of Financial desk.
… as JP Morgan leads GlobalData’s league table closing $84.6bn
While total volume of Merger and Acquisition (M&A) deals declined across regions of the world in 2019, GlobalData, a firm which tracks all M&A, private equity/venture capital and asset transaction activity around the world, has said the reverse was the case in Middle East and Africa (MEA).
Ravi Tokala, GlobalData’s financial deals analyst, said the deal value increased by 39.96 percent from $117.3 billion in 2018 to $164.2 billion in 2019.
The deal volume in the Middle East and Africa saw an increase of 17.80 percent from 1,663 in 2018 to 1,959 in 2019.
GlobalData also named JP Morgan- a US investment bank, to have dominated its latest M&A league table of the top 10 financial advisers in the Middle East and Africa based on deal value in 2019.
The leading data and analytics company noted that the US investment bank advised on 10 deals worth $84.6 billion, while HSBC ranked second with eight deals worth $81.6 billion.
JP Morgan, which also topped the league table of M&A financial advisers in Asia-Pacific, however claimed second position in GlobalData’s recently released global league table of top 20 M&A financial advisers.
For top legal adviser’s list, law firm Clifford Chance emerged as the lead player in the list of top 10 legal advisers, in terms of deal value. It advised on ten deals worth a combined $79.3 billion. White & Case occupied second position in terms of value, advising on 12 deals worth $77.6 billion.
“In global league table of top 20 M&A legal advisers Clifford Chance secured sixteenth position,” GlobalData noted.