The value of M&A activity in the Middle East fell dramatically in July to a new 12 month low, reversing two consecutive months of growth in the region in the process. A total of USD 270 million-worth of deals was recorded for the four weeks, an 88 per cent slump monthon- month from USD 2,234 million in June 2010, reports Zephyr published by BvD.
Volume also slipped in July but fell at a slower rate of a fifth to 59 deals from 73 transactions in June 2010. Despite this month-onmonth decline, volume was triple the 17 deals recorded in July 2009, indicating growth, however unstable, is returning to the region. None of July’s deals with recorded values were worth more than USD 100 million and only six of the top transactions by value were priced higher than USD 10 million. Deal value was recorded for only five countries month-on-month and Kuwait led the way with a total of USD 121 million.