MENA M&A deal value up 23% in Q3 2017: EY | ZAWYA MENA Edition:
"In the third quarter of 2017, a total of 76 deals were announced, a decrease of 10 percent when compared to the 84 deals in Q3 of 2016. MENA M&A deal value, however increased by 23 percent to $4.3 billion, up from $3.5 billion in Q3 2016, according to the EY Q3 2017 M&A report. Phil Gandier, MENA transaction advisory services leader, EY, said: “MENA executives continue to remain confident about the M&A market. According to the latest EY Capital Confidence Barometer, a record 65 percent of respondents indicated their intention to actively pursue deals in the next 12 months. With the recent oil prices, a slow-growth environment and the diversification agendas of many MENA countries still more in the planning than execution stages, MENA executives understand that they need to ‘buy’ versus ‘build’ to remain competitive.” Domestic M&A saw the largest y-o-y improvement, increasing by 17 percent in number and 343 percent in value. Furthermore, the average size of domestic deals rose by 258 percent compared to Q3 2016. However, inbound and outbound deals did not fare as well, decreasing by 21 percent and 26 percent, respectively compared to Q3 2016. "
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