Current trends on the Russian market of mergers and acquisitions

Abstract

Main trends of the Russian M&A market nowadays are researched in this article. Authors analyze main reasons for mergers and acquisitions according to which corporations’ top-managers participate in such transactions on the Russian market. General reasons of origin and brief history of development of Russian and foreign M&A markets are also reviewed in this article. Also changes happened on the Russian M&A market in the period from 2006 to 2015 are analyzed. These years were chosen for the research according to some similarities in the condition of M&A market and this choice was explained in the current work. In the course of this work it was also analyzed the dynamics of value of the M&A market and explored the branch structure of the biggest M&A transactions in Russia. Main reasons of this changes were detected and relationship between the general level of country’s economic development and the level of M&A market development was established within this work. Such changes were descripted by short business cycles (within J. Kitchin’s theory of the cycle) and economics readiness for such changes. On the assumption of this research results it was inferred about future prospects of development of the M&A transaction system in Russia and the main reasons for changes of managers’ motivation in such transactions were determined. These reasons directly depends on government regulation and also on participants of M&A transactions.