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 seller 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
 6 915
 6 658
 5 890
Europe
 4 195
 3 932
 3 509
European Union
 3 869
 3 591
 3 245
Austria
  80
  58
  66
Belgium
  115
  112
  96
Bulgaria
  14
  19
  23
Croatia
  18
  12
  12
Cyprus
  43
  36
  18
Czech Republic
  93
  78
  65
Czech Republic
-
-
-
Denmark
  122
  106
  138
Estonia
  18
  26
  21
Finland
  87
  86
  78
France
  433
  390
  347
Germany
  587
  563
  466
Greece
  18
  11
  25
Hungary
  25
  26
  35
Ireland
  64
  85
  56
Italy
  241
  166
  180
Latvia
  25
  19
  15
Lithuania
  37
  22
  15
Luxembourg
  37
  24
  23
Malta
  4
  5
  4
Netherlands
  217
  203
  197
Poland
  112
  117
  100
Portugal
  28
  35
  25
Romania
  39
  45
  42
Slovakia
  11
  16
  9
Slovenia
  2
  9
  7
Spain
  277
  262
  241
Sweden
  268
  248
  171
United Kingdom
  854
  812
  770
Other developed Europe
  326
  341
  264
Andorra
-
  1
-
Faeroe Islands
-
-
  2
Gibraltar
-
  3
  3
Guernsey
  3
  11
  7
Iceland
  3
  6
  2
Isle of Man
  9
  7
  6
Jersey
  4
  8
  4
Liechtenstein
-
  1
-
Monaco
  3
  1
  2
Norway
  144
  162
  119
San Marino
-
  1
-
Switzerland
  160
  140
  119
North America
 2 045
 1 982
 1 742
Canada
  504
  542
  464
United States
 1 541
 1 440
 1 278
Other developed countries
  675
  744
  639
Australia
  423
  425
  410
Bermuda
  18
  11
  10
Greenland
  2
-
-
Israel
  37
  57
  36
Japan
  121
  174
  109
New Zealand
  74
  77
  74
Developing economies
 2 853
 2 574
 2 237
Africa
  217
  202
  198
North Africa
  35
  37
  43
Algeria
-
-
  5
Egypt
  19
  23
  25
Libya 
  2
  1
-
Morocco
  10
  8
  9
Sudan
  1
  1
-
Tunisia
  3
  4
  4
Other Africa
  182
  165
  155
Benin
  1
-
-
Burkina Faso
  3
  4
  3
Cabo Verde
-
-
-
Côte d' Ivoire
  1
  2
  3
Gambia
-
-
-
Ghana
  3
  1
  6
Guinea
-
  1
  2
Liberia
  2
  3
  3
Mali
  1
-
  3
Mauritania
-
-
-
Niger
-
-
  1
Nigeria
  12
  10
  12
Senegal
-
-
  1
Sierra Leone
  5
  5
-
Togo
  2
-
  1
Burundi
-
-
-
Rwanda
  2
  3
  1
Cameroon
  1
  1
  3
Chad
  1
-
  2
Congo
  3
  3
  1
Congo, Democratic Republic of the
-
  2
  6
Equatorial Guinea
-
-
-
Gabon
  1
  1
  5
Djibouti
  1
-
-
Eritrea
  1
  2
-
Ethiopia
  4
  4
  1
Kenya
  7
  8
  6
Madagascar
  1
-
  4
Mauritius
  7
  5
  3
Mayotte
-
-
-
Reunion
  2
  1
  1
Seychelles
-
-
-
Somalia
-
-
  2
Uganda
  2
  3
  2
United Republic of Tanzania
  2
  6
  3
Malawi
  1
  1
  3
Mozambique
  10
  5
  5
Zambia
  4
  4
-
Zimbabwe
  5
  10
  3
Botswana
  3
  1
  2
Lesotho
-
-
-
Namibia
  5
  11
  2
South Africa
  89
  68
  64
Swaziland
-
-
-
Angola
-
-
  1
Asia
 1 770
 1 577
 1 422
East and South-East Asia
 1 305
 1 126
  995
East Asia
  721
  624
  586
China
  405
  365
  343
Hong Kong, China
  154
  110
  113
Korea, Democratic People's Republic of
-
-
-
Korea, Republic of
  106
  112
  88
Macao, China
  4
  2
  7
Mongolia
  18
  7
  2
Taiwan Province of China
  34
  28
  33
South-East Asia
  584
  502
  409
Brunei Darussalam
  1
-
  1
Cambodia
  3
  8
  5
Indonesia
  177
  118
  70
Lao People's Democratic Republic
  4
  1
-
Malaysia
  100
  78
  76
Myanmar
-
  1
  3
Philippines
  41
  43
  27
Singapore
  153
  126
  125
Thailand
  54
  67
  53
Viet Nam
  51
  60
  49
South Asia
  244
  231
  235
Afghanistan
-
-
-
Bangladesh
  1
  2
  6
Iran, Islamic Republic of
  1
  2
-
India
  226
  206
  211
Maldives
-
-
  4
Nepal
  4
-
-
Pakistan
  5
  5
  3
Sri Lanka
  7
  16
  11
West Asia
  221
  220
  192
Bahrain
  2
  6
  6
Iraq
  8
  10
  8
Jordan
  12
  20
  8
Kuwait
  8
  10
  12
Lebanon
  5
  6
  2
Oman
  4
  7
  8
Qatar
  6
  5
  1
Saudi Arabia
  32
  19
  18
State of Palestine
-
-
-
Syrian Arab Republic
-
-
-
Turkey
  98
  94
  86
United Arab Emirates
  46
  41
  42
Yemen
-
  2
  1
Latin America and the Caribbean
  857
  783
  610
South and Central America
  766
  716
  569
South America
  637
  588
  440
Argentina
  123
  58
  39
Bolivia, Plurinational State of
  1
  3
  8
Brazil
  246
  260
  211
Chile
  84
  84
  62
Colombia
  70
  61
  38
Ecuador
  14
  11
  15
Falkland Islands (Malvinas)
-
  1
-
Guyana
  8
  1
  3
Paraguay
  3
  7
  6
Peru
  67
  72
  43
Suriname
  4
  2
-
Uruguay
  12
  22
  13
Venezuela, Bolivarian Republic of
  5
  6
  2
Central America
  129
  128
  129
Belize
  1
  2
-
Costa Rica
  15
  7
  12
El Salvador
  3
  6
-
Guatemala
  3
  5
  6
Honduras
  2
  2
  1
Mexico
  86
  86
  92
Nicaragua
  5
  5
  6
Panama
  14
  15
  12
Caribbean
  91
  67
  41
Anguilla
  1
  1
-
Antigua and Barbuda
-
  1
  1
Aruba
-
-
-
Bahamas
  4
  3
  1
Barbados
  1
  2
  2
British Virgin Islands
  41
  17
  12
Cayman Islands
  11
  15
  7
Cuba
-
-
-
Dominica
-
-
-
Dominican Republic
  3
  7
  2
Grenada
-
-
-
Guadeloupe
  2
-
-
Haiti
-
  1
-
Jamaica
  3
  2
-
Martinique
  2
  1
-
Netherlands Antilles
  1
  1
  2
Puerto Rico
  14
  12
  11
Saint Kitts and Nevis
-
-
  1
Saint Lucia
-
  2
-
Saint Vincent and the Grenadines
-
-
-
Trinidad and Tobago
  7
  2
  1
Turks and Caicos Islands
-
-
-
US Virgin Islands
  1
-
-
Oceania
  9
  12
  7
American Samoa
-
  1
-
Cook Islands
-
-
-
Fiji
-
  1
  1
French Polynesia
-
  1
-
Guam
  1
-
-
Kiribati
-
-
-
Marshall Islands
-
-
  1
Micronesia, Federated States of
-
-
-
New Caledonia
  3
-
-
Niue
-
-
-
Northern Mariana Islands
-
-
-
Papua New Guinea
  3
  5
  3
Samoa
-
  3
-
Solomon Islands
  1
  1
-
Tonga
-
-
-
Vanuatu
  1
-
  2
Transition economies
  629
  562
  497
South-East Europe
  33
  23
  19
Albania
-
  1
-
Bosnia and Herzegovina
  2
  2
  3
Montenegro
  1
  2
-
Serbia
  21
  11
  14
Serbia and Montenegro
  1
-
-
The former Yugoslav Republic of Macedonia
  8
  7
  2
Yugoslavia (former)
-
-
-
CIS   
  596
  539
  478
Armenia
  5
  5
  1
Azerbaijan
  1
  1
  1
Belarus
  10
  9
  4
Kazakhstan
  13
  9
  19
Kyrgyzstan
  4
  4
  4
Moldova, Republic of
  5
  1
-
Russian Federation
  473
  427
  357
Tajikistan
  1
  1
  2
Turkmenistan
-
-
-
Ukraine
  77
  72
  85
Uzbekistan
  3
  2
  4
Georgia
  4
  8
  1
Unspecified
-
-
-
Memorandum
 
 
 
Least developed countries (LDCs)
  58
  63
  61
Landlocked countries (LLCs)
  96
  78
  70
Small island developing States (SIDS)
  27
  27
  20
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