Asia Pac's weekend M&A volume hit $11b
Here's the largest deal which forked out $5.7bn.
According to Dealogic, Asia Pacific (ex Japan) targeted M&A volume totaled $11.0bn last week (22 deals over $50m). This brings year-to-date announced volume totals to $239.4bn from4,467 deals. It represents an increase of 2.7% from the same period in 2012 with $233.0bn from 5,200 deals.
Dealogic noted that finance led all industries in volume last week with $5.8bn from 11 deals.
Meanwhile, professional services led all industries in deal countlast week with $46m from 13 deals.
The largest deal in Asia Pacific (ex Japan) last week was the tender offer of Mitsubishi UFJ Financial Group Inc (MUFG), the listed Japanese financial company, to acquire 75% stake in Bank of Ayudhya pcl, a commercial bank based in Thailand, for a total consideration of Bt177.7bn ($5.7bn).
Morgan Stanley leads the advisor league table in 2013 YTD in Asia Pacific (ex Japan) with 29 deals worth $33.5bn