Strong first quarter points to IPO growth in Mena region

IPOThe $16.8 billion (€12.2 billion) raised by initial public offerings (IPOs) in the Middle East and North Africa (MENA) region in the first quarter of the year points to an improving environment for dealmakers in the year ahead. Data provider Mergermarket, which produced the figure, also notes that the total amount of mergers and acquisitions (M&A) in 2013 was the highest for the region since 2007. Speaking at an industry forum, Phil Gandier, Mena head of transaction advisory services at consultancy EY, said the M&A outlook was underpinned by improving business confidence in the region. “This, combined with easy credit access, robust earnings expectations and a strong liquidity position is likely to encourage Mena companies to pursue acquisitions domestically as well as in developed markets throughout the course of the year,” he said. The trend in IPOs will please asset managers and institutional investors that are looking to deploy money in the region, while the rise in M&A activity could signal opportunities for private equity firms. ©2014 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.