Page 6 - Merger And Acquisition

63% Indian IT decision makers see cyber security as major M&A hurdle: study

Survey covered over 2,700 respondents from US, France, United Kingdom, Germany, Australia, Singapore and India

M&A deals decline in Q1CY19, PE activity remains robust: EY India

Domestic deals saved the day for deal-makers in Q1CY19, with 158 deals accounting for an aggregate disclosed value of $7.1 billion

Healthcare sector M&A deals up 155% in FY19, valued at Rs 7,615-cr: ICRA

Fortis Healthcare, Max Healthcare acquisitions account for 83 per cent of the total value of M&A deals

M&A activities sluggish in Jan-Mar; 33% decline in deal value to $12.5 bn

This drop (in value) can be attributed to delays in execution of deals, growing complexity in deal structures and macro-economic factors

M&A deal value drops 34% to $1.24 billion in February

Leading consultancy Grant Thornton's report showed that number of M&A transactions last month rose marginally to 44 last month whereas the same was at 40 in February 2018

Never waste a good crisis

The heightened activity level in the M&A landscape during 2018 is set to spill over to 2019

India mergers and acquisitions at record high of $129 billion in 2018

The number of announced deals grew 17.2 per cent from a year ago and witnessed the busiest annual period since records began in 1980

London's Gatwick airport sold for $3.7 bn to French construction firm Vinci

With 45.7 million passengers in 2018, Gatwick will become the largest airport in Vinci's global network spanning Brazil to Sweden

Global M&A activity drops 35% to $783 bn in Q3 on US-China trade tensions

Among the third quarter's biggest announced deals was chipmaker Broadcom Inc's $18 billion acquisition of software maker CA Inc

Once-in-a-life deals fuel $100-billion mergers-and-acquisitions boom

Amazon, Alibaba and Tencent are acquiring stakes in local firms to increase their India presence

India Inc made merger and acquisition deals worth over $60 bn in 2017

India Inc is looking at a huge M&A tally of over USD 60 billion (about Rs 4 lakh crore) for 2017, helped by some marquee domestic deals and rich valuations for various private equity investments. The need to consolidate in the wake of financial stress, as also for cashing out from valuable businesses to meet debt obligations, will continue to give a further boost to the deal-making activities, experts feel. Experts believe the new year also looks promising in terms of deals as political stability is in place, economic reforms are on a fast track and broader macro factors are also looking positive, though some pressure may come from stretched valuations and high capital market benchmarks. According to global consultancy giant Grant Thornton, the overall deal activity -- including both M&As (mergers and acquisitions) and PE (private equity) -- has been about USD 59 billion in the January-November period of 2017, a 9 per cent rise from the last year. The final tally

Overall India M&A value declines 12% to $56 billion in 2017

The Mergers and Acquisitions (M&A) during the year, till December 7, has seen a 12 per cent decline to $55.93 billion in 1,375 deals, after hitting a five-year highest deal value of $63.48 billion in 1,381 deals owing to the decline in value of deals in energy and power segment and materials. Sectors including telecommunications, high technology and retail has seen a growth in terms of M&A activity.Deals during this year led by Vodafone Group's pending acquisition of Idea Cellular Ltd's mobile business, for a ranking value (including net debt) of $11.62 billion, followed by IndusInd Bank's plans to acquire Bharat Financial Inclusion's for $2.39 billion and Infosys' plans to self-tender offer to repurchase around 113 million shares for a total value of $2.03 billion.According to data from Thomson Reuters, the value including net debt of the target company has seen a height of $22.56 billion 462 M&A deals in the first quarter of the year 2017, followed by $10 billion each in

Nodal agency being mooted for M&A clearance?

With many merger and acquisition (M&A) deals getting caught in a cross-regulatory web, there is a call for single-window clearance. Delay in such approvals is said to have hit several such deals in the recent past. When it involves listed companies, this would hit the interest of minority shareholders. Sources say the Securities and Exchange Board of India (Sebi) is among those suggesting an umbrella body for (M&A) clearance. The aim is to smoothen the process, making it time-bound.In the past year, a proposed merger between HDFC Standard Life and Max Financial Services had to be called off after it failed to get approval from the Insurance Regulatory and Development Authority of India (Irdai). A proposal to merge Orient Green Power's wind power business with IL&FS Wind Energy hasn't materialised, with tax implications delaying regulatory approval. Also, the Cabinet Committee on Economic Affairs is said to have rejected Chinese firm Shanghai Fosun Pharmaceutical's proposed

Centre eases M&A filing norms

In a recent notification, the ministry of corporate affairs erased the requirement to apprise the Competition Commisison of India (CCI) within 30 days of the signing of a deal for a merger or acquisition (M&A).However, an M&A deal can't be implemented without CCI clearance. So, competition lawyers say the rule change would end the practice of sending 'half-baked filings' to avoid heavy penalties. Earlier, they say, in the rush to comply with the deadline, these filings would contain little substantive information. The penalty used to be one per cent of annual turnover or the relevant assets for delayed filings.Hence, the experts believe the change would result in companies trying to send all the requisite documents at one go to CCI, which could result in wrapping up of M&A cases within stipulated 210 days. Till now, CCI would approach companies every now and then after getting their M&A filings for clarifications. When a clarification is sought, the 210 days period was

M&A deal value grows three-fold in August: Grant Thornton report

But PE investments continued to decline for the third month in a row both in terms of volumes and values

July sees M&A deals worth $4 bn

Year tally hits $20 bn

Merger and Acquisition fall by 9% to $1.9 billion in May

In terms of number of deals also there was a decline of 21% over the corresponding period last year