MENA DEALS INSIGHT – 4Q 2015 MENA-Deals-Insight-Q4-20153.pdfQ4 2015 MENA DEALS INSIGHT 2 M&A Trend...
Transcript of MENA DEALS INSIGHT – 4Q 2015 MENA-Deals-Insight-Q4-20153.pdfQ4 2015 MENA DEALS INSIGHT 2 M&A Trend...
Quarter Highlights MENA Deal Insight 4Q2015
• Value of announced Mergers and Acquisitions Middle Eastern involvement reached US$33.7 billion during the first 9 months of 2015
• Sovereign wealth funds double deal volumes to $24.9 bln in Q3
• UAE’s health care a magnet for mega deals
• On day One, 17th Arab Investors and Businessmen Conference focuses on role of Arab investment funds in promoting innovation and entrepreneurship
• Challenging time for IPO’s in the GCC with muted activity in Q3 2015 reflecting the continued economic and political concerns surrounding the region
• MENA IPOs lead their way to capital markets at the London Stock Exchange
Contents
M&A Trend Analytics ............................. 2
IPO Trend Analytics ................................ 3
PE Trend Analytics ................................4
Top Valued Deals .................................. 5
MENA Deals Pipeline .............................6
Q4
MENA DEALS INSIGHT – 4Q 2015
mena.thomsonreuters.com
Q4 2015 MENA DEALS INSIGHT
2
M&A Trend Analytics
M&A Trend by Deal Value and Volume
M&A Sector Focus –Volume Analysis M&A Geographic Focus –Volume Analysis
Total Size of Offerings $ (M) Number of Deals
132.7532,006.2 1,1691,418.76,126
34
Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015
3541
30
63
Industrial ManufacturingInformation TechnologyHealth CareFinancial ServicesTransportConstructionConsumer GoodsFood and Beverages
MediaReal EstateEducationLeisure and Tourism
17%
14%
12%
12%
3%
6%
9%
EgyptUAEKuwaitSaudi ArabiaOmanUnited StatesSwedenOverseas
BahrainBrazilIndiaJordan
29%
17%
3%
South KoreaUnited Kingdom
12%
9%
6%
Q4 2015 MENA DEALS INSIGHT
3
IPO Trend Analytics
IPO Trend by Deal Value and Volume
IPO Geographic Focus- Volume Analysis IPO Sector Focus- Volume Analysis
Rights Issues Trend by Quarter
Total size of Offerings $ (M) No. of Issues
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015
1,691.97,402 255 2,121.3
4
7
2
7
0
1
100.795
9
Total size of Offerings $ (M) Number of Issues
Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015
1614
12
2,323 604 890 947.4 424.49
5
10
EgyptJordanTunisiaMoroccoQatar
UAESaudi ArabiaBahrain
18%
18%
19%9%
9%
9%
9%
9%
80%
Financial ServicesFood and BeveragesTransportAgricultureIndustrial ManufacturingReal Estate
Real EstateLeisure and TourismConstructionAgricultureHealth CareServices
9%
9%
9%
9%
18%
The following graphs include both right issues and IPOs
Q4 2015 MENA DEALS INSIGHT
4
PE Trend Analytics
Geo Focus - Buy Investments
MENA PE Trend - By Deal Value and Volume
Sector Focus - Buy Investments
28%
UAEJordanLebanonTunisia
29%
14%
29%
30%
Health CareServicesInformation TechnologyFood and BeveragesOil and GasRetail
10%
20%
10%
10%
20%
Total Size of Offerings $ (M) Number of deals
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015
110 46 5.5 3939 15.2833
15 14
15
17
56
10
Q4 2015 MENA DEALS INSIGHT
5
Mergers & Acquisitions (M&A)
Private Equity Transactions
Aquirer Country Target Country Date Deal Value ($M)
Aster DM Healthcare UAE Sanad Hospital Saudi Arabia Oct-15 245
Al Ahli Bank of Kuwait K.S.C.P. Kuwait Piraeus Bank Egypt S.A.E. Egypt Nov 2015 150
Misr Cement Co (QENA) E.S.C. Egypt ASEC Ready Mix Company Egypt Nov-15 127
Draka Holding NV Netherlands Oman Cables Industry (SAOG) Oman Dec-15 114
Kingdom Holding Company Saudi Arabia Lyft Inc United States Dec-15 104
*Depicts deals that are complete
Fund Name Date Target Company Country Sector Size ($M)
CedarBridge High Growth II Oct-15 The Grooming Company UAE Retail 6
Wamda MENA Ventures I Nov-15 Arabiaweather Jordan Services 5
Berytech Fund II Oct-15 Instabeat Lebanon Healthcare 4
Maroc Numeric Fund Dec-15 Rym Games Morocco Information Technology 0.29
*Depicts deals that are complete
Top Valued Deals
Q4 2015 MENA DEALS INSIGHT
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Mergers & Acquisitions (M&A)Aquirer Country Target Country Date Deal Value ($M)
Al Noor Hospitals Group Plc (Merger) UAE Mediclinic International Ltd (Merger) South Africa Oct-15 2,165
Boussard & Gavaudan/Apax Partners France and Mannai Corporation Q.S.C.
UK/France and Qatar
GFI Informatique SA France Nov-15 304
Saudi Telecom Company Saudi Arabia Kuwait Telecommunications Company K.S.C.P. Kuwait Dec-15 121
Saudi Telecom Company Saudi Arabia SALE Advanced Co. Ltd. Saudi Arabia Dec-15 106
Saudi Vitrified Clay Pipe Company Saudi Arabia Arabian Company for Water Pipes Industry Limited
Saudi Arabia Dec-15 42
*Depicts deals that are In-Process or Confirmed
MENA Deals Pipeline
For further information, contact [email protected]
Important NotesMENA includes Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia and UAE. Transactions are counted within the analysis as per their subscription start (open date). PE Data included funds investing more than 50% of their assets in the MENA Region and managed from the region. Data is correct as of December 2015. Prepared by MENA Deals Team.
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