AI Magazine Issue 11 2018

Acquisition International - Issue 11 2018 47 Number and Aggregate Value (mil USD) of Chemicals Deals Globally: 2006-2017 YTD (as at 24 October 2017) Deal half yearly value (Announced date) Number of deals Aggregate deal value (mil $) H2 2018 484 44,548 H1 2018 873 80,862 H2 2017 909 70,093 H1 2017 953 84,081 H2 2016 867 111,544 H1 2016 840 98,702 H2 2015 873 124,600 H1 2015 859 63,629 H2 2014 811 58,114 H1 2014 739 35,482 H2 2013 755 65,401 H1 2013 616 23,689 H2 2012 684 36,671 H1 2012 675 21,551 H2 2011 707 21,014 H1 2011 754 93,552 H2 2010 745 37,100 H1 2010 617 38,533 H2 2009 614 24,386 H1 2009 586 15,798 H2 2008 623 40,495 World region (target) Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Far East and Central Asia 204 164 167 151 37 Western Europe 163 179 184 181 33 South and Central America 15 9 10 7 8 North America 47 41 41 32 4 Eastern Europe 31 18 26 15 3 Africa 7 4 6 2 2 Oceania 4 9 7 3 2 Middle East 6 3 3 4 0 Number of Chemical Deals by Region: 2006 - 2017 YTD (as at 24 October 2017) Bureau van Dijk October has been a relatively quiet month in terms of the volume and value of mergers and acquisitions (M&A) deals targeting real estate companies. In all, there have been 348 deals worth a combined USD 12,875 million announced during the month under review, according to Zephyr, the M&A database published by Bureau van Dijk. October’s volume represents a 12 per cent decline on the 395 deals announced in September, while value slipped 19 per cent from USD 15,899 million over the same timeframe. The result also represents a year-on-year decrease; in October 2017, there were 454 announced deals with an aggregate value of USD 15,068 million in the sector. The month under review actually represents the lowest volume since September 2016 (300 deals), although value is higher than August 2018 (USD 8,713 million). In terms of 2018 as a whole, both Q1 and Q2 represent an improvement on the corresponding periods of last year in terms of value, while Q3’s value (USD 45,314 million) fell slightly short of Q3 2017’s USD 46,610 million. October 2018’s somewhat disappointing showing comes despite some sizeable deals being announced during the month, as five transactions broke the USD 1,000 million-barrier and the largest of all was worth USD 1,905 million as Oxford Properties Group agreed to acquire the remaining 80 per cent stake it did not already own in Investa Office Fund. This is also the year’s 13th-largest deal, which explains October’s rather lacklustre overall value; 2018’s most valuable deal in the sector was announced in July and was worth USD 11,400 million, while all of the top six surpassed USD 5,000 million. To sum up, although October looks fairly disappointing on the surface, the first half of 2018 was busy for real estate targets, showing there is still an appetite for dealmaking in the industry. As such, 2018 could still prove to be an impressive year when January rolls around. Real Estate Number and Aggregate Value (Mil USD) of Chemical Deals Globally by Target Sector: 2017 YTD (as at 24 October 2017) Number and Aggregate Value (mil USD) of Chemicals Deals Globally: 2006-2017 YTD (as at 24 October 2017) Deal yearly value (Announced date) Number of deals Aggregate deal value (mil $) 2018 1,357 125,410 2017 1,862 154,175 2016 1,707 210,246 2015 1,732 188,229 2014 1,550 93,596 2013 1,371 89,090 2012 1,359 58,223 Zephus classification (target) Number of deals Aggregate deal value (mil $) Chemicals, Petroleum, Rubber & Plastic 1,246 118,914 Biotechnology, Phar- maceuticals and Life Sciences 36 13,565 Food & Tobacco Man- ufacturing 53 10,711 Wholesaling 146 9,198 Personal, Leisure & Business Services 85 7,333 Mining & Extraction 9 7,114 Industrial, Electric & Electronic Machinery 37 6,366 Transport, Freight, Storage & Travel Services 17 4,200 Metals & Metal Products 15 2,522 Wood, Furniture & Paper Manufacturing 35 1,089 Utilities 6 970 Public Administration, Education, Health Social Services 6 613 Retailing 19 516 Hotels and Restau- rants 2 328 Miscellaneous Manufacturing 17 199