In May 2024 the volume of the M&A market with a threshold of $1 mln was pushed up against prior year patterns. The total value of transactions within the period was on the uptrend and added 27.3% to reach $6.7 bln from $5.26 bln prior year period. In particular, the total amount of transactions in ruble terms increased 41.6% to gain 601.27 bln rubles from 424.58 bln rubles. The figures were given in the Mergers and Acquisitions Market bulletin released by the AK&M News Agency (Issue #315).
The number of transactions rallied down 40.6% to 38 in number against 64 prior year period. The average transaction value (but for the largest ones) moved up 14.7% to $38 mln from $33.1 mln prior year figures.
Within the reporting period, only one transaction was appraised to worth higher $1 bln, but just this deal turned out to be a key factor to determine the entire market value in May. The most expensive transaction in May was settled in the information technology (IT) sector and concerned the sale of the Russian assets by Yandex for $5.29 bin as record highs to the consortium of investors involving the top managers of the company and some key businessmen.
This transaction accounted for 79% of the M&A market in total in May. The rest of them were much less in size.
The sale of the working interest in the Azbuka Vkusa retailer by Alexander Abramov and Alexander Frolov for $381.4 mln was at the second position. The third place was occupided by the $197.1 mln worth deal in the food industry concening the sale of the Danon’s assets in Russia to Vamin Tatarstan held by Mintimer Mingazov's structures.
In May AK&M‘s analysts noted a decline in the volume of transactions classified as domestic in terms of the AK&M's methodology (when location and buyer are Russian with the seller being a foreign investor).
In May 2024, 7 such transactions were registered and valued at $436.1 mln in total which stands for 6.5% of the total market volume for the period. US companies and investors from France were the most active in leaving the Russian market in May.
