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Asia Pacific M&A activity flat in Q1 2016 as outbound deals reach record
[HONG KONG] Asia-Pacific mergers and acquisitions were little changed in the first quarter of 2016, as record outbound deals partially helped offset a slump in inbound transactions, targeting companies in the region, Thomson Reuters data showed on Friday.
Deal activity totalled US$293.2 billion, as compared with US$296.9 billion in the first quarter of 2015, with outbound acquisitions reaching an all-time high of US$123.4 billion, according to preliminary data through March 28.
Goldman Sachs ranked first as M&A adviser, followed by Credit Suisse and UBS AG.