BRIC targeted M&As in 2013 at $155.2 billion: Report

BRIC targeted M&A volume down 16% compared to the $184 billion announced in the corresponding period a year ago

M&A deals targeted towards BRIC countries -- Brazil, Russia, India and China stood at $155.2 billion so far in 2013, the lowest year to date (January-June) level since 2009, Dealogic said.

BRIC targeted M&A (mergers and acquisitions) volume stood at $155.2 billion so far this year, down 16% compared to the $184 billion announced in the corresponding period a year ago.

Moreover, this marks the lowest year-to-date level since 2009, when it stood at $131.5 billion.

In terms of number of deals, 2013 also saw the lowest number of BRIC targeted deals as there were 2,663 transactions, the lowest year-to-date level since 2007 when 2,192 deals were announced.

On a year-on-year basis, the number of deals so far this year was down 34% from 4,034 deals announced in the same period last year.

China was the only BRIC nation to see an increase in M&A volume which stood at $94.7 billion so far this year. This was an increase of 20% from the corresponding period a year ago. Moreover, this was the highest year-to-date level on record for China.

"China targeted M&A also accounts for 61% of the BRIC M&A volume in 2013 YTD, the highest YTD share since 2004 (64%) and up from 43% share in 2012 YTD," Dealogic said.

In contrast, Brazil accounted for 11% of the BRIC M&A volume with $17 billion, the lowest share since 2005 so far this year when it stood at 6% and down from the 23% share in 2012 year-to-date.

In terms of BRIC M&A advisory ranking, Morgan Stanley topped the chart with $30.4 billion, followed by Credit Suisse with $17.6 billion and Goldman Sachs with $17 billion.