Appleby Reports Offshore M&A Activity for Q3 2012
- There was a 10% drop in the volume, and a 17% drop in the value, of transactions that took place offshore compared to Q2. This fall is typical of third quarter activity, but it is not as significant as the drop between Q2 and Q3 last year.
- Values are 11% higher than they were in the same period last year, suggesting that conditions are improving year-on-year.
- In the last 10 quarters, only three periods have seen a larger average deal size than what the offshore markets experienced in Q3 – at US$78m – suggesting some robustness returning to deal sizes.
- The financial services sector continues to dominate activity in the offshore region, accounting for over a third of all deals. The second highest value sector was telecommunications, followed by manufacturing of computer, electronic and optical products.
- Cayman remains the most attractive offshore target destination for investors, for the third quarter running, followed by Hong Kong, which witnessed a significant increase in the value of deals involving its companies as targets.
- The offshore region ranks ninth amongst world markets by deal volume and fifth for value, significantly ahead of some “hot” markets including the Middle East and Oceania.
Published November 8, 2012
Join the discussion — please keep to our Community Guidelines.