Lumina Middle East reveals its 2024 Cross-Border M&A Insights report

Lumina Middle East reveals its 2024 Cross-Border M&A Insights report

- Overall regional M&A volumes down 15% last year (globally, down 27%)

- Highest ever UK PLC MENA revenue contribution with growth across transport, tech, consumer and industrials

- USD1,250bn KSA giga-projects opportunity, driving global companies regional expansion plans

- 2024 to be the year of private equity and private credit, with USD6bn of dry powder available

- Energy transition and green energy policies take effect – UK PLC oil and gas related revenues down 22%

Dubai, UAE: Despite global dealmaking challenges in 2023, UK-to-MENA cross-border trade and transactions displayed remarkable resilience. The latest report from Lumina Capital Advisers uncovers a strategic evolution in the MENA region's transaction sphere which is characterised by a trend towards substantial growth capital and buyout deals. This shift has led to the rise of regional powerhouses and reconfiguration of international business strategies. The year also marked a pivotal moment for the Middle East as it transitioned into a net innovation exporter, spearheading extensive renewable energy initiatives and digital transformation.

As 2024 unfolds and the global dealmaking environment rebounds, Lumina's analysis positions the Middle East as an enduring epicentre for dynamic transactional activities.

Key report findings:

1- UK PLCs capitalise on record growth in MENA, boosted by energy transition initiatives

UK PLCs had a