A surge in US$1bn-plus deals helped to push Asia Pacific M&A volume to US$42.3bn in January 2014, a rise of 24% from the US$34bn of announced deals in the region in January 2013 and narrowly exceeding EMEA’s M&A total of US$40bn for the first time in January on record.
Six US$1bn-plus deals were announced in Asia Pacific in January, valued at a total of US$15.4bn. Including deals such as Anheuser-Busch InBev’s US$5.8bn offer for South Korea’s Oriental Brewery – the fifth largest global M&A transaction of 2014 so far – this was almost three times the US$5.2bn generated by US$1bn-plus dealmaking announced in the region in January last year.
January’s Asia-Pacific M&A adviser ranking was led by Morgan Stanley with deals valued at US$27.8bn. Credit Suisse follows on in second place with deals worth US$21.7bn and Centerview Partners completes the top three with US$16bn of transactions.
Accounting for 37% of the region’s M&A volume, China was Asia Pacific’s most-targeted country last month, with deals valued at US$15.7bn, up from US$13.3bn in January last year and represented the highest January volume on record, according to figures from Dealogic.
South Korean assets were the regions second most sought after last month with dealmaking valued at US$7.4bn, up 33% on January 2013 levels. With activity up 7% year-on-year Japan followed on with transactions valued at US$6.5bn.
EMEA’s US$40bn of M&A activity last month was up slightly from the US$38.9bn witnessed in the same period in 2013, whilst the Americas saw a 21% increase in January dealmaking activity to US$173.1bn.