$14B in M&A drives global chemicals growth

In New York, large mergers and acquisitions in the global chemicals industry helped drive the total value of deals to over $14 billion in the second quarter of 2011, according to PwC US.  The quarter recorded four mega deals, or deals worth $1 billion or more, for a combined total value of $10.6 billion – representing approximately 74 percent of total deal value for the quarter.

According to PwC, strategic buyers once again dominated overall M&A activity, accounting for 81 percent of volume and 85 percent of value in the second quarter of 2011.  As a result of Chinese domestic activity, the Asia & Oceania region accounted for 43 percent of transactions valued at $50 million or more in the second quarter of 2011. UK & Eurozone targets generated 32 percent of activity in the second quarter, despite financial concerns with some of the region’s economies (e.g., Greece), while North American targets accounted for approximately 14.3 percent of activity.