The data below is an accumulation of deal flow within each month, including both disclosed and estimated undisclosed deal value.
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...
A monthly round-up of the top M&A deals for Emerging Asia, Latin America & the Caribbean, Middle East & Africa and Europe.
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.
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.
January 2022 top M&A deals by region
Russia’s Ural Mining and Metallurgical Company is buying Vysochaishy for an estimated RUB 102.5bn.
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.
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.
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.
September 2021 top M&A deals by region
US SPAC Poema Global Holdings has agreed to take over Taiwan-based smart electric scooter maker Gogoro Inc for USD 2.4bn.
August 2021 top M&A deals by region
As part of the world’s third-largest cyber-security deal, NortonLifeLock agreed to acquire Czech peer Avast.
July 2021 Top M&A Deals per region
DP World has struck a deal to take over South African logistic solutions provider Imperial Logistics for USD 980mn.
June 2021 top M&A deals by region
Getir, an Istanbul-based grocery delivery firm completed its USD 550mn Series D round, saw its valuation triple to over USD 7.5bn.
May 2021 top M&A deals by region
Russia auctioned off its largest standalone oil processing plant, the bankrupt Antipinsky oil refinery, for RUB 110.9bn (USD 1.5bn).
April 2021 Top M&A Deals per region
Russia’s two largest petrochemical companies Sibur Holding and TAIF agree a merger in a deal estimated at USD 4bn.
An archive of our M&A related articles posted on EMIS.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
CredAble raises INR 2.25bn (USD 30mn) in funding
CredAble receives funding from Plutus Wealth and Oaks Asset Management.
21 Oct, 2021
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
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
CredAble raises INR 2.25bn (USD 30mn) in funding
CredAble receives funding from Plutus Wealth and Oaks Asset Management.
21 Oct, 2021
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
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
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
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
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
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
Is Latin America’s fintech revolution spreading to cryptocurrencies?
The financial services sector in Latin America has enormous untapped potential.
26 Jul, 2021
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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.
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
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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Deal Value
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Number of Deals
Undisclos-ed Deal Value (USDbn)