Cross-border M&A deals involve companies based in two different countries. According to Thompson Reuters, these transactions had a worldwide value of US$908.4 billion in 2011 and comprised 35.3% of overall M&A activity . This means that they stayed flat compared to 2010.
Top 10 Cross-border M&A deals worth over $3 billion completed in 2011 (data in millions of $US)
In 2011, Thompson Reuters found that cross-border M&A deals were predominantly in the resources and financials sectors. Together, they accounted for almost half the volume of all announced cross-border deals.
According to UNCTAD, 62 cross-border M&A deals with a value of more than US$3 billion were completed in 2011.
The year's largest cross-border deal took place in the utility sector, had a value of more than US$25 billion and saw the acquisition by France's GDF Suez SA of Great Britain's International Power Plc. The Netherlands' VimpelCom Ltd's merger with Italy's Weather Investments Srl, in the telecommunication sector, followed, with a value of US$22.4 billion. Third was France's Sanofi Aventi's acquisition of American pharmaceutical company Genzyme Corp, totaling US$21.2.
Cross-border M&A activity remained strong in the first half of 2012. According to Thompson Reuters, cross-border transactions totaled US$462.5 billion, or 42% of global M&A volume. This represents a drop of 5% over the first half of 2011. The driving sectors for cross-border mergers and acquisitions were energy & power, consumer staples, materials and financial sectors. All together, they accounted for 50% of all such deals in the first two quarters of 2012.
Data is from the 2012 World Investment Report of the United Nations Conference on Trade and Development (UNCTAD,) with additional data from Thomson Reuters’ M&A Review, year end 2011 and Thompson Reuters' 2Q 2012 M&A Review.
Cross-border M&A deals worth over $3 billion completed in 2011
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- Bloomberg, “Volcker Sees Euro ‘Disintegration’ Risk From Greece”, May 14, 2010
- Global Finance – Largest M&A 2011
- Thompson Reuters/Mergers and Acquisition Review – 2Q2012
- Thompson Reuters/Mergers and Acquisition Review – Year end 2011
- Thomson Reuters / Financial League Tables
- UNCTAD World Investment Report 2012