KPMG presents M&A survey 2013

KPMG presents M&A survey 2013

Another strong year for M&A in Russia, following 2012’s record-breaking performance


Related content

  • Russian M&A values reach highest level since 2007 [1]
  • Energy and natural resources industry continues to lead the market
  • Russian power and utilities sector sees the 9th largest deal globally in 2013
  • Real estate sector sees a 57% increase in value year-on-year

2013 proved to be another strong year for Russian M&A following the record-breaking value of deals announced in 2012, which was driven by Rosneft’s acquisition of TNK-BP. Excluding this deal, Russian M&A reached its highest level for six years, with USD108.4 billion-worth of acquisitions in 2013.

The strength of Russian M&A is even more impressive when compared to global and European deal-making, where deal values fell by 3% and 12% respectively over the same period. These figures highlight the comparative resilience of the Russian market to global economic drivers.

Domestic transactions accounted for 80% (USD86.9 billion) of the value of deals announced in 2013, compared to just 60%1 (USD48.5 billion) in 2012. The share of domestic deals increased marginally in volume terms to 68% in 2013.

Although the relative share of outbound deals only declined by 3% in 2013, the value of foreign acquisitions by Russian buyers sank by 71% to USD4.6 billion; the lowest level for a decade as investors continued to focus on deploying capital in the domestic market. Russian inbound M&A accounted for 16% of the market and increased by 6% in value terms (to USD16.9 billion) despite a 6% fall in volumes.

The solid performance in Russia was driven by a return to dominance of the energy and natural resources industry which saw a significant increase in deal value.

[1] Excluding USD56 billion Rosneft/TNK-BP deal from 2012’s results

© 2021 KPMG. KPMG refers to JSC “KPMG”, “KPMG Tax and Advisory” LLC, companies incorporated under the laws of the Russian Federation, and KPMG Limited, a company incorporated under the Companies (Guernsey) Law, 2008, member firms of the KPMG global organization of independent member firms. All rights reserved.

For more detail about the structure of the KPMG global organization please visit

Connect with us