Africa M&A Deal Activity Totaled $13.6B in 1st Half 2013
[heading style=”subheader”]The Top M&A Deals in Africa in First Half of 2013[/heading]
According to MergerMarket, Africa M&A activity amounted to $13.6b in the first two quarters of 2013, up 9.7% in terms of deal value when compared to the same period last year. In terms of number of deals, however, activity declined 24.7% in the first half of 2013.
| DATE | BUYER | TARGET | SELLER | DEAL VALUE |
| 14-Mar-13 | China NationalPetroleum Corporation | Eni East Africa Spa(28.57% Stake) | Eni SpA 4,210 | $4.21B |
| 25-Jun-13 | ONGC Videsh &Oil India Limited | Rovuma Offshore Area 1 Block(10% Stake) | Videocon Industries Ltd | $2.475B |
| 18-Jan-13 | OCI NV | Orascom ConstructionIndustries SAE (25% Stake) | $2.21B | |
| 24-Jun-13 | China PetrochemicalCorporation | Marathon OilCorp.(Angolanoffshore oil and gas field block 31) (10% Stake) | Marathon OilCorporation | $1.52B |
| 26-Jun-13 | Steinhoff Europe AG | Kika-Leiner Group | Koch and Leiner Families | $650M |
| 28-Feb-13 | Cipla Ltd | Cipla Medpro South Africa Ltd | $548M | |
| Source: Mergermarket |
- African inbound activity represented 92.6% of all African M&A activity in H1 2013: Foreign investments into the region increased by 41% compared to H1 2012 amounting to $12.6b – this represented the highest half year total in three years (H1 2010 valued at $18.1bn)
- China was the top bidder by value and invested a total of $5.7b, followed by India ($ 3b) for the same number of deals (three deals)
- African companies were also very active for outbound investments in H1 with M&A totaled $2.1b, up 60.7% from H1 2012 and represented the second highest H1 value since 2008 ($ 3.5b)
- The bellwether for the region remains the Energy, Mining & Utilities sector which was the most active sector by both value and deal count in H1 2013 and also increased from the same time last year – 20 deals worth $9.5b included three of the five top African deals. There were four more announced deals compared to H1 2012 and a 132% increase by value.