Author: Valentina Pasquali
Project Coordinator: Alessandro Magno, Denise Bedell

Data from Thompson Reuters show that cross-border M&A activity was valued at US$908.4 billion during full year 2011, accounting for 35.5% of total volume , approximately the same level as in 2010. Emerging markets comprised 25% of announced deals worldwide (cross-border and not), for a total of US$667.4 billion, which represented a drop of 13.6% from 2010.

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.

Value of cross-border M&As by region/economy of purchaser 2011 (data in Millions of $US) Value of cross-border M&As by region/economy of seller 2011 (data in Millions of $US)

Light red: High cross-border M&A activity
Medium red: Medium cross-border M&A activity

Dark red: Low cross-border M&A activity

Light red: High cross-border M&A activity
Medium red: Medium cross-border M&A activity

Dark red: Low cross-border M&A activity

Data from UNCTAD shows that developed economies dominate cross-border M&A activity by region of seller and purchaser, comprising more than 76% of overall value in both categories in 2011. Similar high percentages were also found in previous years.

The United States registered the highest volume of cross-border M&A by country of purchaser in 2011, while the European Union led in the "by seller" category. Within the EU, France had the most activity in both groups, followed by the Netherlands (at the top of the ranking by purchaser) and Switzerland (first in the ranking by seller.)

In 2011, cross-border M&A activity in the developing world was dominated by Asia, a region accounting for well over 60% of volume both by purchaser and seller. Here Japan topped the list followed by China.

According to Thompson Reuters, in the first half of 2012, cross-border M&A activity reached US$462 billion, making up 42% of overall volume, a 5% drop from the first half of 2011. Emerging markets accounted for 28% of global M&A volume (both cross-border and not,) with a total value of US$315.3 billion, a 12% decline from the first two quarters of 2011.

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.

Click on the column heading to sort the table.

Value of cross-border M&As by region/economy of purchaser, 2007-2011 (data in Millions of $US )

Value of cross-border M&As by region/economy of seller, 2007-2011 (data in Millions of $US )