Merger and acquisition (M&A) deals by Asian companies, led by Indian and Chinese firms, have touched a record $58 billion on the European and the US shores.
While in Europe, Indian and Chinese companies have emerged as the most acquisitive firms, with M&A deals worth over $36 billion so far this year, according to data compiled by global consulting firm Dealogic.
Outbound M&A deals by Asian companies in Europe rose by 87 per cent to $43.9 billion, while in the US the volume fell nearly 50 per cent to $14.1 billion.
"China is the most active investor in European companies with $25.9 billion, followed by India with $10.4 billion," Dealogic said.
Interestingly, Indian firm ONGC's acquisition of UK-based Imperial Energy Corporation for $2.6 billion is among the top five deals in the Asian region so far this year.
Meanwhile, South Korea is the most active acquirer in the US with 32 deals worth $15.1 billion, it added.
The average deal size of the Asian companies took a beating this year with the value coming down to $227 million from $237 million last year.
In Europe, the average size of M&A deals was up by 64 per cent at $313 million. It was at $191 million last year. However, the average size of deals in the US has fallen 59 per cent to $122 million this year, from $298 million last year.
