EMERGING MARKETS M&A MONITOR

The EMIS database contains 160,000+ M&A and ECM deals with proprietary research and forecasts and is a part of a broader information platform which also contains company, sector and macroeconomic intelligence for a range of emerging markets.

EMIS INSIGHTS M&A - GLOBAL EMERGING MARKETS 

The data below is an accumulation of deal flow within each month, including both disclosed and estimated undisclosed deal value.

July 2022

Regions covered include Central & Southeast Europe, Africa & the Middle East, The Caucasus & Central Asia, Latin America & the Caribbean, and Asia Pacific.

Q2 2022

EMIS M&A Quarterly Index Methodology 

 

The EMIS M&A Index is a single, easy to understand quarterly indicator of mergers and acquisitions activity across global emerging markets. It shows how M&A develops in each quarter since the beginning of 2015 when the index was launched with a baseline value of 100...

 

TOP M&A DEALS BY REGION

A monthly round-up of the top M&A deals for Emerging Asia, Latin America & the Caribbean, Middle East & Africa and Europe.

July 2022 top M&A deals by region

 

Moscow-based drugstore operator Neo-Pharm changed hands in the largest deal in Emerging Europe this July.

 

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June 2022 top M&A deals by region

 

Russian management consulting company Firma Armadis took over the largest domestic oilfield services contractor Gazprom Drilling.

 

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May 2022 top M&A deals by region

 

KKR’s May deal to acquire power group ContourGlobal for GBP 1.75bn (USD 2.1bn) involves assets across multiple regions covered by EMIS.

 

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April 2022 top M&A deals by region

 

UAE-based investment holding company ADQ took an 18.5% stake in Commercial International Bank Egypt.

 

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March 2022 top M&A deals by region

 

Turkey Wealth Fund struck a deal to acquire 55% of the country's largest telecoms group Turk Telekom.

 

 

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February 2022 top M&A deals by region

 

Rede D'Or struck the largest deal across all emerging markets in February with its proposed takeover of Sul America.

 

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January 2022 top M&A deals by region

 

Russia’s Ural Mining and Metallurgical Company is buying Vysochaishy for an estimated RUB 102.5bn.

 

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December 2021 top M&A deals by region

 

Russian Vector Rail took over railway equipment company Brunswick Rail Holding (BRH) for an estimated EUR 775mn.

 

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November 2021 top M&A deals by region

 

South African telecom Vodacom announced an agreement to buy a 55% stake in Egyptian peer Vodafone Egypt for ZAR 41bn.

 

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October 2021 top M&A deals by region

 

Russian oil major Rosneft sold a 5% stake in Vostok Oil – a huge liquid hydrocarbon project in the Russian Arctic.

 

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September 2021 top M&A deals by region

 

French telecommunications company Iliad is challenging the dominance of Orange in the Polish telecoms market.

 

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August 2022 top M&A deals by region

 

NortonLifeLock agreed to acquire Czech peer Avast in a cash-and-stock transaction.

 

 

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M&A NEWS STORIES

An archive of our M&A related articles posted on EMIS.

South African food & retail companies drive consolidation

 

A South African company’s shares surged 46% after it received a buyout offer from US retail giant Walmart.

 

1 Sep, 2022

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Private equity and oil team up to acquire top African renewable energy firm Lekela

 

Its news owners gearing up for an ambitious future.

 

1 Sep, 2022

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Indian software company Awign receives funding from Bertelsmann and others

 

Awign Enterprises Pvt Ltd announced that it has raised USD 15mn.

 

 

30 Aug, 2022

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Croatian EV maker Rimac raises EUR 500mn

 

Rimac will use the raised capital to further develop its production technologies with the aim of large-scale vehicle manufacturing.

 

28 July, 2022

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Exiting Russia’s corporate life seems impossible

 

Multinational companies are weighing their options about staying or leaving the market.

 

 

28 July, 2022

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Indian ed-tech firm UpGrad takes over local peer Harappa Learning

 

The deal was settled through a cash-and-share swap basis.

 

 

27 July, 2022

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The case for M&A in a crisis

 

 

For companies, downturns mean one thing – that it’s time to consider growing and not just surviving. The truism that every crisis brings opportunities also applies to mergers and acquisitions.

 

28 June, 2022

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KKR strikes USD. 2.1bn deal for renewable energy group ContourGlobal

 

ContourGlobal owns and operates 138 thermal and renewable power plants in 20 countries.

 

28 June, 2022

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Indian shipping and logistics firm Shiprocket buys majority shares in Pickrr

 

It has acquired a majority stake for a total consideration of USD 200mn.

 

 

23 June, 2022

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Asia & the Middle East make for a bipolar equity market in first months of 2022

 

Market uncertainty is weighing heavily on the Asian equity market.

 

25 May, 2022

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Mondelez doubles Mexican exposure with USD 1.3bn deal for confectionery company Ricolino

 

Mexico City-based Ricolino has annual revenues of around USD 500mn.

 

25 May, 2022

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Indian data analysis platform GeoIQ receives funding from Lenskart and others

 

Quantduo Technologies Pvt Ltd announced that it has raised INR 154mn.

 

24 May, 2022

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Google buys Polish HQ in CEE’s largest single office deal

 

US tech giant Alphabet (Google) has acquired a part of the Warsaw Hub office complex in Warsaw.

 

28 Apr, 2022

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Privatizing Eletrobras: a never-ending saga hinging on political will?

 

The privatization of power holding company Eletrobras has been a long-time coming.

 

28 Apr, 2022

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 Indian port operator APSEZ acquires local peer Ocean Sparkle in a USD 200mn deal

 

The buyer acted through its unit The Adani Harbour Services Pvt Ltd.

 

26 Apr, 2022

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Personal finance company SoFi strikes deal for Argentine cloud-based banking platform Technisys

 

It is an all-stock deal valued at approximately USD 1.1bn.

 

21 Mar, 2022

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Ukrainian, Russian M&A deals and major banks exposed to Russia face uncertain future

 

The number and value of transactions in Emerging Europe dropped by 24% and 37%.

 

21 Mar, 2022

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War in Ukraine impacts M&A segment in Brazil

 

No M&A transactions have been cancelled but there are discussions about the repricing of assets.

 

15 Mar, 2022

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Digital Realty aquires majority stake in Teraco

 

Data centre operator Digital Realty has agreed to acquire a 55% stake in South African peer Teraco Data Environments.

 

24 Feb, 2022

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Is African data centre M&A the next big thing in ICT?

 

Data centres seem to be becoming Africa’s new treasure troves.

 

 

24 Feb, 2022

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ChargeBee Inc Raises USD 250mn from Tiger Global Management 

 

The software developer announced that it has raised USD 250mn in its latest round of funding.

 

7 Feb, 2022

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VC deal making in Emerging Europe reaches record activity

 

Its fast-growing economies and increasing influence have quickly turned it into a popular and lucrative venture capital market.

 

24 Jan, 2022

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Equinix acquires connectivity solutions provider MainOne

 

Equinix said it will acquire data centre and connectivity solutions provider MainOne for USD 320mn in an all-cash deal.

 

24 Jan, 2022

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Hungary's MOL buys 417 filling stations from Lotos in Poland

 

Hungarian oil and gas group MOL has purchased 417 filling stations from peer Lotos in Poland for USD 610 million. 

 

14 Jan, 2022

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Belgium's KBC Group to buy Raiffeisenbank’s Bulgarian ops

 

KBC has agreed to acquire Austrian Raiffeisen Bank’s Bulgarian operations for EUR 1.02bn (USD 1.2bn). 

 

22 Dec, 2021

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Bollore signals Africa exit as transportation giants get bigger

 

MSC, the world’s second-largest ocean container line, proposed to buy the jewel in Bollore’s African crown for EUR 5.7bn.

 

22 Dec, 2021

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Synthos completes USD 460m purchase of German rubber plant

 

Chemicals giant Synthos has finalised its USD 460 million purchase of German rubber plant from US-based specialist Trinseo.

 

12 Dec, 2021

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NY company breathes new life into old Latin America SPAC ambition

 

Alpha Capital Acquisition has finally found a target company in what would be a successful SPAC story in Latin America. 

 

23 Nov, 2021

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Blackstone places bet on VFS Global

 

U.S. Blackstone agreed to acquire a 75% stake in visa outsourcing services provider, Swiss and UAE-based VFS Global.

 

23 Nov, 2021

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CredAble raises INR 2.25bn (USD 30mn) in funding

 

CredAble receives funding from Plutus Wealth and Oaks Asset Management.

 

 

21 Oct, 2021

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France’s Iliad strikes deal to turn Poland into a hot telecoms market

 

French telecommunications company Iliad has agreed to acquire Poland’s second largest cable operator UPC Polska.

 

26 Oct, 2021

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Volvo to go public in Li Shufu's next move

 

In 2008 Li Shufu, a Chinese businessman offered to buy Volvo – the Swedish luxury carmaker.

 

26 Oct, 2021

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CredAble raises INR 2.25bn (USD 30mn) in funding

 

CredAble receives funding from Plutus Wealth and Oaks Asset Management.

 

 

21 Oct, 2021

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Norton takes over Czech Avast to create antivirus empire

 

US cyber security software company NortonLifeLock agreed to acquire Czechia-based and London-listed peer Avast.

 

27 Sep, 2021

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India’s buoyant IPO market slated to raise USD 6bn in Oct-Nov alone

 

The initial public offering (IPO) market in India is about to enter its most exciting period since 2017. 

 

27 Sep, 2021

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Polish Onde raises PLN 444.5m via IPO

 

Polish renewables builder Onde succeeded to raise PLN 444.5 million after completing its initial public offering (IPO).

 

26 Jul, 2021

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Recovery of oil demand sparks a billion-dollar Saudi-Indian deal

 

A recent reunion has taken place between Saudi Aramco and Reliance Industries, two companies whose businesses are largely united by oil and gas.

 

 

 

25 Aug, 2021

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Lumen Technologies lines up big Latin American asset sale

 

 

In a surprise announcement, U.S. telecoms company Lumen Technologies revealed it was selling off its Latin American business for USD 2.7bn.

 

 

25 Aug, 2021

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US Blackstone snaps up office developer SOHO China in USD 3bn deal

 

US private equity giant The Blackstone Group has agreed to acquire a 91% stake in Hong Kong-listed property developer SOHO China.

 

26 Jul, 2021

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Is Latin America’s fintech revolution spreading to cryptocurrencies?

 

The financial services sector in Latin America has enormous untapped potential.

 

 

 

26 Jul, 2021

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US Blackstone snaps up office developer SOHO China in USD 3bn deal

 

US private equity giant The Blackstone Group has agreed to acquire a 91% stake in Hong Kong-listed property developer SOHO China.

 

26 Jul, 2021

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Indian consumer goods company Emami takes over local grooming products firm "The Man Company"

 

Indian consumer goods manufacturing company Emami Ltd announced that it has acquired an additional 12% stake in local counterpart Helios Lifestyle Pvt Ltd.

 

2 Jul, 2021

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PPF’s ambition to create Czech banking champion is going strong despite failed MONETA deal

 

The deal would have increased PPF’s stake in Air Bank to 55.4% and created the third largest Czech bank by customers.

 

 

29 Jun, 2021

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Hungary’s OTP strikes deal for Slovenia’s second-largest lender, Nova KBM

 

Hungary’s largest lender OTP Bank agreed to take over Slovenia’s number-two commercial bank Nova Kreditna Banka Maribor.

 

 

29 Jun, 2021

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US-based private equity firm divests shares in SBI cards and payments via block trade

 

American investment company The Carlyle Group announced that it has divested a 5.10% stake into Indian financial service providers.

 

23 Jun, 2021

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Can Venezuela live down its reputation as a country non grata on the global M&A scene?

 

Rumours have emerged of renewed investor interest towards Venezuelan companies.

 

 

1 Jun, 2021

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DSV Panalpina to become world’s third-largest transport company with Kuwait acquisition

 

DSV has struck an all-share deal to take over the Global Integrated Logistics (GIL) business of Kuwaiti peer Agility.

 

1 Jun, 2021

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Dutch renewable energy firm SHV buys majority shares in Indian peer SunSource​

 

SHV Energy announced that it has acquired a majority stake in Indian solar energy company SunSource Energy Pvt Ltd.

 

7 May, 2021

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ByteDance pays good money for gaming war with Tencent​

 

Chinese game developer Moonton has been acquired by Chinese tech giant and TikTok owner ByteDance. 

 

27 Apr, 2021

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The battle for internet users extends to gaming M&A

 

Gaming is a lucrative area of competition in keeping with these screen-intensive times.

 

 

27 Apr, 2021

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Poland's foreign investment may aid post-pandemic recovery

 

Polish firms have been advised by economist Piotr Kuba to begin looking for new expansion directions.

 

13 Apr, 2021

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Brazil's Hapvida, Notre Dame create national healthcare giant

 

Hospital operator Hapvida agreed to acquire local rival Notre Dame Intermedica in a cash-and-stock deal.

 

31 Mar, 2021

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Regulations push Poland-focused insurers down M&A path

 

With gross written premiums of nearly EUR 14bn, the Polish insurance market carries size and importance.

 

31 Mar, 2021

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China's FDI inflow rises in first two months of 2021

 

Confidence in China's businesses continues to strengthen as the economy maintains restorative growth momentum.

 

22 Mar, 2021

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Is Singapore about to become Asia’s SPAC hotspot?

 

The blank-check mania has started to sow its seeds in emerging markets. Singapore is likely to be the trailblazer in Asia.

 

22 Feb, 2021

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Spain’s Telefonica sells 6,000 telco towers in LatAm for USD 1.8bn​

 

Spain's Telefonica has agreed to sell 30,722 telecommunication tower sites in Europe and Latin America for EUR 7.7bn (USD 9.4bn).

 

22 Feb, 2021

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2020: A mixed bag for emerging markets M&A deals

 

The coronavirus pandemic made a considerable dent in global activity, reducing the number of deals by 21.4%.

 

27 Jan, 2021

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2020: A mixed bag for emerging markets M&A deals

 

The coronavirus pandemic made a considerable dent in global activity, reducing the number of deals by 21.4% to 5,444 year-over-year.

 

27 Jan, 2021

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SoftBank returns for follow-on investment in online education app Zuoyebang

 

Chinese K12 online education platform Zuoyebang secured yet another major financing round.

 

26 Jan, 2021

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COVID-19: Firms assess deal opportunities in Mexico during pandemic

 

Mexican deal volume was down 6.9% last year at a total of 298 transactions for mergers and acquisitions.

 

7 Jan, 2021

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Vienna Insurance Group solidifies CEE market lead with EUR 830mn buy from Aegon

 

The deal includes a diversified portfolio of insurance companies, pension funds, asset management, and service companies.

14 Dec, 2020

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COVID-19: Brazilian investments grow 34 per cent in 2020

 

 

With volatility rife in markets around the world, M&A deal-making in emerging markets signalled a somewhat surprising resilience in 2020.

 

13 Dec, 2020

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COVID-19: Foreign direct investment in Brazil reaches USD 19.9bn during pandemic​

 

FDI in the country totalled USD 19.90bn during some months of the coronavirus pandemic - April to October 2020.

 

30 Nov, 2020

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Alibaba takes full control of Chinese supermarket major Sun Art in pursuit of “new retail”

 

China’s leading e-tailer Alibaba said it will spend USD 3.6bn to gain full control over Sun Art.

23 Nov, 2020

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COVID-19: Brazilian investments grow 34 per cent in 2020

 

 

The vaccine announcement could lead to a "great rotation" and the stay-at-home market and stock winners may no longer be the driving force behind market momentum.

 

16 Nov, 2020

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Volume of mergers and acquisitions in Brazil improve despite pandemic

 

From January to September 2020, there were 687 mergers and acquisitions in Brazil, representing a year-on-year increase of 12 per cent.

 

2 Nov, 2020

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Delivery Hero boosts q-commerce footprint in MENA with InstaShop deal

Berlin-based food delivery major Delivery Hero has acquired InstaShop.

28 Sep, 2020

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COVID-19: British drugmaker AstraZeneca shares rise amid UK vaccine trials

Shares rose 1 per cent to 8,515 pence on Monday 14th September.

15 Sep, 2020

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COVID-19: Gold beginning to be seen as a safer option for investors

The reduction in interest rates has meant that gold has emerged as a safer option.

25 Aug, 2020

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China kicks off major oil & gas reshuffle with USD 56bn worth of deals

China has initiated its biggest oil and gas sector reform in the last 20 years.

24 Aug, 2020

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COVID-19: S&P reaches pre-pandemic levels with new record

The index had shown an improvement of around 55 per cent since March 23rd.

19 Aug, 2020

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Will telco Oi face a bidding war for its mobile unit?​

The largest Brazilian fixed telephone operator became the country’s largest-ever bankruptcy protection case in 2016.

29 Jul, 2020

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COVID-19: U.S. stocks at highest point since February

The Nasdaq 100 soared, with Amazon.com and Zoom Technologies seeing a rise in demand.

21 Jul, 2020

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COVID-19: IPOs surge following change in manner of deals 

IPO deal structure, and how they are conducted, has shifted since the start of the COVID-19 pandemic.

15 Jul, 2020

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Chinese classified major 58.com goes private in USD 8.7bn deal

The buyer group includes Warburg Pincus Asia, General Atlantic Singapore, Ocean Link Partners and others.

29 Jul, 2020

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Indofood’s ICBP satiates hunger with USD 3bn buy of instant noodles maker Pinehill

ICBP expects to join the elite group of multi-national food majors.

24 Jun, 2020

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How India’s Jio Platforms helped Reliance become (almost) net debt-free

The company is known for upending the Indian telecoms market in under four years.

23 Jun, 2020

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Pandemic may produce wave of investments in technology

A significant proportion of survey respondents expect to see an increase in investment within the technology industry.

22 Jun, 2020

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Facebook bets on India users in its biggest acquisition since 2014

Before the Facebook investment, the carrier was wholly-owned by Reliance Industries.

28 May, 2020

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EU members say no to bargain hunters outside bloc

Protections were enforced to shield companies that lost value since the start of the COVID-19 outbreak.

26 May, 2020

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Plunging valuations spur a hunt for deals - Appeasing fears of M&A dearth

Private equity dealmakers seek to take advantage of lower valuations. 

29 Apr, 2020

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Rosneft withdraws from Venezuela in USD 4bn asset disposal

In exchange for the assets, Rosneft will take a 9.6% stake in itself.

29 Apr, 2020

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COVID-19: Mexico's M&A activity takes a hit in Q1

Mexico's M&A activity staggered in Q1 2020, as a result of the ongoing COVID-19 outbreak.

16 Apr, 2020

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China's firms prepare for discounted European M&A deals

Chinese firms are readying discounted offers for European companies. 

9 Apr, 2020

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Fighting for life, fighting for the economy

 

The coronavirus outbreak triggered an exodus from riskier markets. 

26 Mar, 2020

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Indebted South African agri-processor Tongaat Hulett offloads starch uni

The transaction with Barloworld is worth ZAR 5.35bn (USD 348mn). 

25 Mar, 2020

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Two countries, one rich woman: Isabel dos Santos

 

"Africa's richest woman" has been accused of fraud and money laundering. 

24 Feb, 2020

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Disclosed

Deal Value

(USDbn)

Number of Deals

Undisclos-ed Deal Value (USDbn)