Cross-border activity
Cross-border deals fell to 31% of corporate deals in 2009 from 35% in 2008. While the total value of cross-border deals (corporate plus PE) fell 20% in 2009 to US$24 billion. However, the average value for cross-border deals climbed 42% in 2009 from 2008.
Of corporate deals done, the US completed the most deals in Q409 (222), 81% of which were domestic deals. China completed 31 corporate deals and had the largest percentage of domestic deals (84%). Of Q409's corporate deals, India completed the highest proportion of cross-border deals at 50%.
Corporate deals done overall by China and India in 2009, however, dropped significantly compared with 2008, from 139 to 86 in China and 80 to 39 in India.