A positive outlook for M&A activity in Egypt despite a slight downturn in 2022: Baker McKenzie Report

• M&A market in Egypt saw a slight dip in deal volumes and values in H2 2022 of FY 2022
• A slower global M&A activity in FY 2022 when compared to FY 2021 with an overall drop of 16% and 37% in volumes and values, respectively.
• Middle East deal volumes for the full year of 2022 were slightly up by 4% whereas values significantly dropped by 46% from the previous year.
• For the second half of 2022, the Kingdom of Saudi Arabia was the top acquirer country in volume and value with 14 deals totalling at USD 1.6 billion.

Egypt’s M&A outlook witnessed a slowdown during the second half of 2022 (H2 2022) which affected the full year outcomes of 2022 (FY 2022), according to the latest report by global law firm Baker McKenzie*, based on Refinitiv data for globally announced M&A transactions. For the second half year of 2022, total deal volume and value fell from 126 deals (with USD 4.3 billion in value) in H2 2021 to 115 deals (with USD 4.2 billion in value) in H2 2022. The average deal volume per month stood at 19 deals in H2 2022 compared to 21 deals in H2 2021. Similarly, for the full year of 2022, total deal volume and value slightly reduced from 243 deals with USD 9 billion in value in FY 2021 to 242 deals with USD 8.2 billion in value in FY 2022.