Emerging markets overtook developed markets both in terms of sales and purchases of foreign acquisitions - accounting for 56% of total cross-border transactions in 2013.
Author:
Gilly Wright
Project Coordinator:
S.J. Yun
Number of cross-border M&As by region/economy of purchaser 2011-2013
Value by Region/Country: Purchaser Side | Seller Side
# of M&A's By Region/Country: Purchaser Side | Seller Side
Region/Economy |
2011 |
2012 |
2013 |
|---|---|---|---|
World |
10 397 |
9 794 |
8 624 |
Developed economies |
7 719 |
7 121 |
6 281 |
Europe |
4 319 |
3 856 |
3 425 |
European Union |
3 858 |
3 428 |
3 050 |
Austria |
87 |
86 |
102 |
Belgium |
93 |
112 |
84 |
Bulgaria |
5 |
6 |
6 |
Croatia |
1 |
3 |
5 |
Cyprus |
259 |
245 |
184 |
Czech Republic |
22 |
38 |
25 |
Czech Republic |
- |
- |
- |
Denmark |
91 |
92 |
81 |
Estonia |
18 |
17 |
16 |
Finland |
110 |
75 |
76 |
France |
529 |
439 |
401 |
Germany |
521 |
465 |
400 |
Greece |
15 |
13 |
11 |
Hungary |
4 |
6 |
13 |
Ireland |
88 |
114 |
78 |
Italy |
139 |
127 |
132 |
Latvia |
2 |
4 |
7 |
Lithuania |
12 |
11 |
9 |
Luxembourg |
75 |
100 |
89 |
Malta |
3 |
6 |
6 |
Netherlands |
311 |
235 |
195 |
Poland |
38 |
32 |
30 |
Portugal |
24 |
19 |
11 |
Romania |
3 |
4 |
5 |
Slovakia |
4 |
9 |
1 |
Slovenia |
1 |
3 |
1 |
Spain |
149 |
133 |
126 |
Sweden |
333 |
248 |
196 |
United Kingdom |
921 |
786 |
760 |
Other developed Europe |
461 |
428 |
375 |
Andorra |
7 |
7 |
4 |
Faeroe Islands |
- |
1 |
1 |
Gibraltar |
2 |
3 |
5 |
Guernsey |
27 |
28 |
23 |
Iceland |
5 |
2 |
7 |
Isle of Man |
13 |
11 |
9 |
Jersey |
18 |
15 |
18 |
Liechtenstein |
4 |
8 |
3 |
Monaco |
2 |
1 |
3 |
Norway |
108 |
117 |
86 |
San Marino |
- |
1 |
- |
Switzerland |
275 |
234 |
216 |
North America |
2 602 |
2 473 |
2 180 |
Canada |
686 |
580 |
486 |
United States |
1 916 |
1 893 |
1 694 |
Other developed countries |
798 |
792 |
676 |
Australia |
276 |
223 |
193 |
Bermuda |
28 |
35 |
36 |
Greenland |
- |
- |
- |
Israel |
62 |
40 |
38 |
Japan |
402 |
460 |
384 |
New Zealand |
30 |
34 |
25 |
Developing economies |
1 931 |
1 902 |
1 628 |
Africa |
81 |
113 |
96 |
North Africa |
5 |
10 |
12 |
Algeria |
- |
1 |
4 |
Egypt |
2 |
5 |
3 |
Libya |
- |
- |
- |
Morocco |
1 |
4 |
5 |
Sudan |
- |
- |
- |
Tunisia |
2 |
- |
- |
Other Africa |
76 |
103 |
84 |
Benin |
- |
- |
- |
Côte d' Ivoire |
1 |
- |
- |
Ghana |
1 |
- |
2 |
Guinea |
- |
- |
- |
Liberia |
- |
- |
- |
Mali |
- |
- |
- |
Mauritania |
- |
- |
- |
Niger |
1 |
- |
1 |
Nigeria |
4 |
3 |
2 |
Senegal |
- |
- |
- |
Sierra Leone |
- |
- |
- |
Togo |
1 |
- |
1 |
Cameroon |
- |
- |
1 |
Chad |
1 |
- |
1 |
Congo |
- |
- |
- |
Congo, Democratic Republic of the |
- |
1 |
1 |
Equatorial Guinea |
- |
- |
- |
Gabon |
- |
- |
- |
São Tomé and Principe |
- |
- |
- |
Eritrea |
1 |
1 |
- |
Ethiopia |
1 |
- |
1 |
Kenya |
5 |
2 |
2 |
Madagascar |
- |
- |
1 |
Mauritius |
10 |
13 |
11 |
Reunion |
- |
- |
- |
Seychelles |
3 |
5 |
9 |
Uganda |
- |
- |
- |
United Republic of Tanzania |
- |
- |
- |
Malawi |
- |
- |
- |
Zambia |
- |
- |
- |
Zimbabwe |
1 |
3 |
1 |
Botswana |
- |
1 |
1 |
Lesotho |
- |
- |
- |
Namibia |
- |
- |
- |
South Africa |
46 |
70 |
48 |
Swaziland |
- |
1 |
1 |
Angola |
- |
3 |
- |
Asia |
1 485 |
1 410 |
1 219 |
South, East and South-East Asia |
1 307 |
1 245 |
1 051 |
East and South-East Asia |
1 138 |
1 116 |
950 |
East Asia |
686 |
663 |
637 |
China |
269 |
296 |
288 |
Hong Kong, China |
265 |
225 |
242 |
Korea, Democratic People's Republic of |
- |
- |
- |
Korea, Republic of |
121 |
99 |
75 |
Macao, China |
1 |
2 |
- |
Mongolia |
- |
1 |
2 |
Taiwan Province of China |
30 |
40 |
30 |
South-East Asia |
452 |
453 |
313 |
Brunei Darussalam |
- |
- |
2 |
Cambodia |
- |
1 |
1 |
Indonesia |
30 |
19 |
21 |
Lao People's Democratic Republic |
- |
- |
- |
Malaysia |
113 |
114 |
73 |
Myanmar |
- |
- |
- |
Philippines |
17 |
29 |
11 |
Singapore |
254 |
236 |
177 |
Thailand |
37 |
47 |
24 |
Viet Nam |
1 |
7 |
4 |
South Asia |
169 |
129 |
101 |
Afghanistan |
- |
- |
- |
Bangladesh |
1 |
- |
- |
Iran, Islamic Republic of |
- |
- |
- |
India |
164 |
122 |
98 |
Nepal |
- |
- |
- |
Pakistan |
- |
3 |
1 |
Sri Lanka |
4 |
4 |
2 |
West Asia |
178 |
165 |
168 |
Bahrain |
24 |
23 |
28 |
Iraq |
- |
1 |
2 |
Jordan |
4 |
4 |
1 |
Kuwait |
26 |
14 |
20 |
Lebanon |
7 |
4 |
4 |
Oman |
4 |
12 |
4 |
Qatar |
12 |
28 |
14 |
Saudi Arabia |
24 |
11 |
17 |
State of Palestine |
- |
- |
1 |
Syrian Arab Republic |
1 |
- |
- |
Turkey |
24 |
24 |
29 |
United Arab Emirates |
52 |
44 |
48 |
Yemen |
- |
- |
- |
Latin America and the Caribbean |
364 |
373 |
306 |
South and Central America |
273 |
274 |
223 |
South America |
214 |
204 |
168 |
Argentina |
34 |
21 |
21 |
Bolivia, Plurinational State of |
- |
2 |
3 |
Brazil |
73 |
70 |
52 |
Chile |
41 |
45 |
37 |
Colombia |
34 |
27 |
27 |
Ecuador |
3 |
- |
3 |
Falkland Islands (Malvinas) |
- |
- |
- |
Guyana |
1 |
1 |
- |
Paraguay |
1 |
- |
- |
Peru |
18 |
29 |
16 |
Suriname |
- |
- |
- |
Uruguay |
3 |
4 |
4 |
Venezuela, Bolivarian Republic of |
6 |
5 |
5 |
Central America |
59 |
70 |
55 |
Belize |
3 |
6 |
- |
Costa Rica |
6 |
4 |
2 |
El Salvador |
1 |
2 |
- |
Guatemala |
- |
1 |
1 |
Honduras |
1 |
1 |
2 |
Mexico |
41 |
41 |
42 |
Nicaragua |
- |
- |
- |
Panama |
7 |
15 |
8 |
Caribbean |
91 |
99 |
83 |
Anguilla |
1 |
- |
- |
Antigua and Barbuda |
- |
- |
- |
Aruba |
- |
- |
- |
Bahamas |
7 |
7 |
10 |
Barbados |
- |
1 |
1 |
British Virgin Islands |
53 |
60 |
48 |
Cayman Islands |
15 |
20 |
14 |
Cuba |
- |
- |
- |
Dominican Republic |
1 |
1 |
- |
Haiti |
- |
- |
- |
Jamaica |
1 |
1 |
3 |
Martinique |
1 |
1 |
1 |
Netherlands Antilles |
4 |
3 |
1 |
Puerto Rico |
6 |
5 |
2 |
Saint Kitts and Nevis |
- |
- |
- |
Trinidad and Tobago |
- |
- |
2 |
Turks and Caicos Islands |
- |
- |
- |
US Virgin Islands |
2 |
- |
1 |
Oceania |
1 |
6 |
7 |
American Samoa |
- |
- |
3 |
Cook Islands |
- |
- |
- |
Fiji |
- |
- |
1 |
French Polynesia |
- |
2 |
- |
Marshall Islands |
- |
- |
1 |
Micronesia, Federated States of |
- |
- |
2 |
New Caledonia |
- |
- |
- |
Niue |
- |
- |
- |
Norfolk Island |
- |
1 |
- |
Northern Mariana Islands |
- |
- |
- |
Papua New Guinea |
- |
2 |
- |
Samoa |
1 |
1 |
- |
Solomon Islands |
- |
- |
- |
Tokelau |
- |
- |
- |
Tuvalu |
- |
- |
- |
Vanuatu |
- |
- |
- |
Transition economies |
224 |
198 |
179 |
South-East Europe |
4 |
4 |
2 |
Albania |
- |
- |
- |
Bosnia and Herzegovina |
1 |
2 |
- |
Montenegro |
- |
- |
- |
Serbia |
3 |
1 |
2 |
Serbia and Montenegro |
- |
- |
- |
The former Yugoslav Republic of Macedonia |
- |
1 |
- |
Yugoslavia (former) |
- |
- |
- |
CIS |
220 |
194 |
177 |
Armenia |
- |
1 |
- |
Azerbaijan |
3 |
7 |
1 |
Belarus |
- |
1 |
6 |
Kazakhstan |
8 |
5 |
6 |
Kyrgyzstan |
- |
2 |
1 |
Moldova, Republic of |
1 |
- |
- |
Russian Federation |
177 |
154 |
134 |
Ukraine |
29 |
23 |
28 |
Uzbekistan |
- |
- |
- |
Georgia |
2 |
1 |
1 |
Unspecified |
523 |
573 |
536 |
Memorandum |
|
|
|
Least developed countries (LDCs) |
7 |
7 |
7 |
Landlocked countries (LLCs) |
17 |
24 |
19 |
Small island developing States (SIDS) |
22 |
30 |
40 |
