The value of M&A activity in the Middle East in July fell dramatically to a 12 month low, a contrast to the previous two consecutive months of growth in the region.
A sum of US$270m was recorded for the four weeks in July, an 88% slump in month-on-month from US$2.23bn in June 2010.
The results come from Zephyr, an M&A information service, show that volume also fell in July but at a slower rate of a fifth to 59 deals from 73 transactions in June 2010. Despite the decline, volume was still three times the 17 deals recorded in July last year, which shows that the economy is still growing, however slowly.
In the Middle East, none of the highest deal prices reached more than US$100m and only six of the top transactions were worth more than US$10m. Breaking the results down by region, Kuwait led the way on highest deal sum, with a total of $US121m.
ACQ Magazine