Cayman tops offshore mergers & acquisitions

(CNS Business): The Cayman Islands took the top spot in the second quarter 2012 as the most popular destination for investors doing deals involving offshore targets, completing 104 deals worth a combined value of US$19bn, according to Appleby’s latest edition of Offshore-i. The second edition of the firm’s quarterly report, which provides data and insight on merger and acquisition activity in major offshore financial centres, found that the offshore M&A market increased in value at twice the worldwide average last quarter, compared to the previous quarter. The Cayman Islands experienced significant growth in the second quarter with deal value and volume up 323% and 17% respectively from the first quarter. Read More on CNS Business