Information technology (IT, market share -79.4%) took the first place in the rating of industries in the Russian M&A market in May 2024 with 6 transactions totaling $5.31 billion, which is 140.6 times higher than the result of the same month in 2023. This is stated in the bulletin "Mergers and Acquisitions Market" of the AK&M News Agency (issue No. 315).
This growth was mainly due to the completion of the largest transaction in the industry in the history of observations — the sale of the Russian part of the Yandex business. Even taking into account all the discounts and payments, the cost of this transaction amounted to $5290.3 million.
Trade remained in second place (market share — 6.7%) with three transactions worth $447.3 million, demonstrating an increase of 2.7 times compared to the total in May 2023. The largest transaction of the reporting period was the sale of the majority share of the retailer Azbuka Vkusa by Alexander Abramov and Alexander Frolov for an estimated $381.4 million. This deal ranked second in volume in May.
Construction and development fell to third place in the reporting period with 11 transactions worth $418.3 million, which is 15% lower than the same indicator in May 2023. The industry's market share in terms of volume was 6.2%, and in terms of the number of transactions — 28.9%. The largest transaction in May was the completion of the sale of the office part of the Metropolis shopping mall to the American Hines Russia & Poland Fund and the Czech PPF Real Estate. The asset was acquired by Kama Capital LLC for $167.1 million. The deal turned out to be the fourth largest in a month.
The fourth place was taken by the food industry with 5 transactions worth $229.6 million, which is 35.9 times higher than the same indicator in May 2023. At the same time, the industry's market share amounted to 3.4%. The largest transaction of the month was the sale of Danone's Russian assets to Vamin R LLC from Tatarstan for $197.1 million, which took third place.
Communication was in fifth place (1.5%). The cost of a single transaction in this industry amounted to $100.2 million, whereas in May last year there were no transactions recorded in the industry. The only deal during the period was the sale by Veon Holding of the tower structure of its Bangladeshi division Banglaling Digital Communications, the only cross-border transaction in May.
Read more about the results of the M&A market in issue No. 315 of the monthly bulletin "Mergers and Acquisitions Market" of the AK&M News Agency.
All agency bulletins can be purchased at the AK&M Analytical Bulletins and Research Store.
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