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India among top five deal makers in Asia-Pacific
By siliconindia
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Tuesday, 07 April 2009, 15:40 IST |
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New Delhi: Merger and acquisitions (M&A) may have seen a considerable decline during the downturn, yet India along with Japan and China is among the top five countries in the Asia-Pacific region with the highest number of M&A deals. The country has recorded 331 deals in the first three months of 2009, as per a report.
"The first quarter of 2009 brought declines in both volume and value for Asia Pacific, showing the region has not been immune to the global economic downturn," the global deal tracking firm Zephyr's quarterly M&A report stated. Published by BvDep, the report pinpoints that the country saw a 72 percent decline in the number of deals compared to the same period a year-ago. India had witnessed 571 deals in the first quarter of last year, while they had been as low as 176 in the fourth quarter of 2008.
Topping the charts is Japan with as many as 904 M&A deals in the first quarter of 2009, followed by Australia (636), Republic of Korea (620), China (611) and India. In terms of the value of the deals India is at the eighth place with deals worth $6.85 billion in the reviewed period and Australia has emerged at the top with M&A deals worth $35.06 billion.