Professional Documents
Culture Documents
NO OF DEALS
800
35,000
30,000
25,000
700
20,000
15,000
600
10,000
5,000
0
500
2011
2012
2013
2014 YTD*
INWARD-LOOKING
Now, SWFs may focus efforts closer to home as they look
to build their domestic economies to benet the broader
population. As a consequence of this refocusing, we
expect further in-country consolidation to take place,
added Doshi. At the same time, they are shunning the
West, which is failing to produce economic growth.
Instead, bankers are hoping that the growing number
of local companies can provide M&A opportunities in the
coming months. The Middle East has long been a capitaldriven M&A market, whereby big State-backed companies
In association with Merrill Datasite December 2014
Retail 0.9%
High technology 3.8%
Materials 4.5%
Financials 5.9%
Industrials 16.5%
Consumer 6.3%
Healthcare 7.4%
Media and
entertainment 11.8%
Telecommunications 11.5%
Energy and
power 11.7%
Materials 27.0%
Industrials 4.0%
Healthcare 6.7%
Financials 8.0%
Telecommunications 17.3%
High technology 8.4%
Energy and
power 12.3%
SWFS CAUTIOUS
But the regions other SWFs were more cautious, led by
a more circumspect view of the global economy, which
restricted many acquirers to deals in the energy and power
sector.
In the UAE, Dubai has put its past troubles behind it,
when a debt-fuelled real estate acquisition spree backred
2013
Value (USm)
No. of deals
Value (USm)
8,461.3
28.1
82
11,708.3
33.8
No. of deals
Qatar
6,044.6
20.1
19
615.8
1.8
Israel
5,523.4
18.4
92
5,808.2
16.7
142
Saudi Arabia
101
2,559.1
8.5
45
2,224.9
6.4
56
Kuwait
656.9
2.2
41
1,016.2
2.9
39
Bahrain
146.7
0.5
522.2
1.5
11
Iraq
113.9
0.4
26
68.3
0.2
29
Lebanon
90.0
0.3
42.0
0.1
74.1
0.3
36
53.2
0.2
43
Jordan
Iran
24.0
0.1
Syria
23.2
0.1
0.9
0.0
Yemen
22.4
0.1
0.0
0.0
Oman
8.1
0.0
15
140.2
0.4
22
Palestine
2.3
0.0
0.0
0.0
23,750.0
79.1
386
22,200.2
64.0
460
Algeria
3,201.9
10.7
10
191.2
0.6
Egypt
2,141.7
7.1
89
5,445.7
15.7
69
Morocco
926.9
3.1
16
6,563.9
18.9
18
53.4
0.2
288.1
0.8
12
North Africa
6,323.9
21.1
124
12,488.9
36.0
106
MENA Total
30,074.0
100.0
510
34,689.0
100.0
567
Tunisia
Target Sector
Acquiror Name
Acquiror Nation
Value (US$m)
UAE
DP World Ltd
UAE
3,459.144
UAE
Cable TV
Undiclosed PE Firm,US
US
3,200.000
Algeria
Telecommunications
FNI
Algeria
2,643.000
Qatar
Real Estate
Qatar
2,477.907
Qatar
Real Estate
Qatar
2,080.558
Ormat Industries
Israel
Power
US
1,470.000
Qatar
Qatar
681.889
Gamida Cell
Israel
Novartis Pharma AG
Switzerland
600.000
Andromeda Biotech
Israel
Pharmaceuticals
US
570.510
Yanbu
Saudi Arabia
Petrochemicals
China
562.000
Qatar
Banks
Undisclosed Acquiror
Unknown
538.195
Cristal
Saudi Arabia
TASNEE
Saudi Arabia
481.523
UAE
Investor Group
UAE
370.000
Centrale Laitiere
Morocco
Danone SA
France
347.283
Koor Industries
Israel
Telecommunications Services
Israel
326.815
300.000
Integra
Israel
Biotechnology
China
Egypt
Banks
Investor Group
US
298.503
Saudi Arabia
Hospitals
Saudi Arabia
292.459
Al Wajeez Development
UAE
Power
Investor Group
UAE
285.877
UAE
Construction Materials
Samena Limestone Co
Cayman Islands
238.225