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.
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.
January 2023 top M&A deals by region
Peruvian cement maker Unacem inked an agreement for the purchase of local electricity producer Termochilca.
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December 2022 top M&A deals by region
Russia’s VTB Bank agreed to take over sanitized local lender Otkritie Financial Corporation Bank (Otkritie FC Bank).
November 2022 top M&A deals by region
The Abu Dhabi Ports Company announced the acquisition of an 80% stake in liner company Global Feeder Shipping.
October 2022 top M&A deals by region
Brazilian industrial conglomerate Cosan acquired a 4.9% stake in local mining and metals giant Vale for USD 3.5bn.
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September 2022 top M&A deals by region
Singaporean utility Sembcorp Industries announced the sale of its Indian affiliate Sembcorp Energy India.
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August 2022 top M&A deals by region
Brazilian consumer app group Movile has agreed to acquire 33% of local food delivery joint venture iFood.
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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.
June 2022 top M&A deals by region
Russian management consulting company Firma Armadis took over the largest domestic oilfield services contractor Gazprom Drilling.
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.
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.
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.
M&A NEWS STORIES
An archive of our M&A related articles posted on EMIS.
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Global M&A deals last year down from record 2021 levels
In 2022, the global M&A market shrank by 17% in terms of volume and by 37% in terms of value from 2021.
1 Feb, 2023
The bumpy road to Ant Group’s listing has no end in sight
Ant Group Co was once poised for a record initial public offering (IPO) after fetching a USD 280bn valuation.
1 Feb, 2023
Aligned Data Centers enters LatAm with USD 1.9bn acquisition in Brazil
U.S. data centers infrastructure company Aligned Data Centers sealed an agreement to acquire Brazilian colocation specialist Odata.
1 Feb, 2023
2022 in Emerging Market Deals, Wrapped
To commemorate this year in deals, we look back at some of the most memorable transactions of 2022.
3 Jan, 2023
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Veon pulls the plug on Russia
Dutch integrated telecom operator Veon Holdings agreed to divest its Russian unit VimpelCom to the target’s senior management in a deal estimated at RUB 370bn
3 Jan, 2023
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Russia’s Lukoil resumes talks on selling strategic Italian asset to Crossbridge
The deal will be financed with the help of global community trader Vitol.
2 Dec, 2022
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South Africa’s Naspers exits Russian classifieds business in EUR 2.4bn deal
South Africa’s Naspers and subsidiary Prosus fully exited the market this October.
30 Nov, 2022
The bumpy Swiss road attracts adventurous Middle Eastern investors
In October the embattled Swiss banking major announced an ambitious overhaul plan.
30 Nov, 2022
Singapore Airlines, Tata Sons agree to merge Air India-Vistara
Singapore Airlines announced they have reached an agreement with Tata Sons to merge their joint venture Vistara and Air India.
30 Nov, 2022
Buyout giants resort to good ol’ cash to fund acquisitions amid soaring debt costs
Lately, a string of private equity firms has started to engage in some rather unusual behavior.
31 Oct, 2022
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Energy giant Repsol sells stake in global upstream unit to EIG for EUR 4.8bn
The rationale for the seller is an investment in the growth of its renewable power generation.
31 Oct, 2022
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South Korea’s HYSG Group acquires Russian Europe Foods GP
HYSG Group, owner of the Doshirak brand, is the sole proprietor of the acquired business.
10 Oct, 2022
International consortium buys S Africa’s third largest hospital operator Mediclinic
The acquisition will put Mediclinic's enterprise value at an estimated USD 7.4bn.
29 Sep, 2022
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Kuwait Investment Authority, the guardian of Kuwait’s post-oil wealth, is set to endure a great fight
The fund sacked Saleh al-Ateeqi, the head of its London investment arm.
29 Sep, 2022
Canada’s Jade Power selling renewable energy assets in Romania, Netherlands
Jade Power Trust has signed a binding share sale agreement with Austrian counterpart Energy Power Holding.
5 Sep, 2022
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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
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
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
Exiting Russia’s corporate life seems impossible
Multinational companies are weighing their options about staying or leaving the market.
28 July, 2022
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
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
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
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
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
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
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
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
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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
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
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
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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
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
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
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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
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
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
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
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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
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
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
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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
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
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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
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
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
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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Delivery Hero boosts q-commerce footprint in MENA with InstaShop deal
Berlin-based food delivery major Delivery Hero has acquired InstaShop.
28 Sep, 2020
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
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
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
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
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
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
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
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
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
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
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
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
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
China's firms prepare for discounted European M&A deals
Chinese firms are readying discounted offers for European companies.
9 Apr, 2020
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
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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