Speaking at an industry conference, experts said improving business confidence is yet to reflect in M&A
deal flows.
The tracker, which looks at
deal flows between 15 developed economies and 13 emerging economies, shows India as being considerably more active than any other emerging market.
Summary: DUBAI - Gulf Arab bankers, hit by a dearth of
deal flows so far in 2011, are hoping sovereign wealth funds will drive a second-half rebound powered by buoyant oil prices and an easing in unrest.
'Renaissance Capital's operations in Africa continue to go from strength to strength, with cross-border
deal flows both in Africa and between Africa and other geographic regions,' Sacks said.
Dubai: Alpen Capital, an investment bank headquartered in Dubai with branch network across the GCC and India, expects to see steady growth in mergers & acquisitions (M&A)
deal flows and fund raising in all markets it operates, the company's chairman said in an interview.
The research, which analysed
deal flows between nine selected emerging economies and eleven key developed markets, shows that companies from countries such as the BRIC nations are fast closing the gap on their counterparts in developed nations in terms of cross-border acquisitions.
In the GCC Saudi Arabia, Qatar and Kuwait also showed improved
deal flows last year.
'However, there is clear evidence that mid-market activity remains stable and
deal flows in the pounds 25-pounds 75 million range are bolstering the volume.
The Mergermarket report expects to see a pickup in
deal flows in the Middle East and Africa region in the second half of this year.
The
deal flows in the first quarter of the year indicate that a revival in economic growth and improving financial markets are luring international investors to the region.
While there has been little news on
deal flows, the economy has been deleveraging and the liquidity increasing in the banking sector, with Loans to Deposit ratios in UAE banks improving over the past two to two and half years--from being above 100 per cent to around 90 per cent today.
Dubai Representatives of the global private equity industry, who are gathered in Dubai for the SuperReturn Middle East conference, yesterday said that despite a sharp slowdown in global
deal flows, the Middle East region offers good opportunities for the industry.