Asia Pacific (ex Japan) M&A reached $282.9bn in 1H 2011, up 21% on 1H 2010 but down 10% from 2H 2010 Cross region inbound volume reached $75.9bn in 1H 2011, up 142% on 1H 2010, driven by fourteen $1bn+ deals for a total of $47.9bn, up from just three such deals with a value of $7.6bn in 1H 2010 Cross region outbound volume fell 20% to $45.3bn in 1H 2011 from 1H 2010, although deal count rose by 7% to 509 deals Asia Pacific (ex Japan), asides from North America, was the only region in 1H 2011 where Financial Sponsor buyouts volume ($11.1bn) was higher than the Financial Sponsor Exit volume ($10.7bn) Financial sponsor buyouts volume reached $6.4bn in 2Q 2011, the highest quarterly volume since 1Q 2008 Asia Pacific Regional Analysis China China was the most targeted nation in Asia Pacific with $84.3bn in 1H 2011, up 2% on the $83.0bn recorded in 1H 2010. o Domestic M&A rose by 5% from 1H 2010 to $61.6bn in 1H 2011 and accounted for73% of all Chinese targeted volume. Real Estate was the leading Chinese targeted sector with $11.3bn in 1H 2011, followed by Technology with $11.0bn. Chinese acquirors announced acquisitions valued at $13.3bn outside of Asia Pacific in 1H 2011, down 32% on 1H 2010 due to a slow second quarter ($3.8bn via 52 deals). Australia Australia was the second most targeted nation in Asia Pacific with $71.9bn in 1H 2011, up 74% from 1H 2010, driven by a record twelve $1bn+ deals. Australia recorded the highest cross region inbound M&A volume in Asia Pacific with $26.2bn in 1H 2011 accounting for 37%. Japan Japan was the third most targeted nation in Asia Pacific with $55.8bn in 1H 2011, up 51% from 1H 2010. The increase was due largely to the announcement of Nomura Holdings’ $11.0bn acquisition of a 39% stake in Nomura Land & Building, the largest Japanese targeted deal since October 2009. Japan outbound M&A reached $26.6bn in 2Q 2011, the highest quarterly volume since 3Q 2008 ($30.1bn). India India was the fourth most targeted nation in Asia Pacific in 1H 2011 ($32.6bn), despite 2Q 2011 ($6.0bn) being the lowest quarterly volume since 3Q 2009. India has the second highest cross region inbound M&A volume in Asia Pacific with $22.3bn in 1H 2011, up 144% on 1H 2010. |