China Merger & Acquisition Report Q1 2010

【Publication Date】
10-05-01
【Delivery Format】
Soft Copy
【Pages】148
【Charts】93
【Price】219USD
【Chinese Version】
1200RMB
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 In Q1'10, the world economy continued to maintain the momentum of recovery shown since H2'09 and the macro economy of all countries kept growing. In the context of continuous economic recovery and relatively loose monetary policies adopted by all countries, Q1'10 saw initial recovery of global M&A market, which differences between regions to some extent nevertheless. According to the latest data released by Dealogic, the M&A value in Q1'10 surged by 126.0% to US$141.00B in Asia Pacific regions (excluding Japan), shrank by 11.0% to US$220.00B in the United States and fell by 3.0% to US$162.00B in Europe, and rose by 79.0% year-on-year to US$166.00B in Asia including Japan. Boosted by fast growth of domestic economy, domestic industrial restructuring and the governments' launch of the strategy of “going out”, China's M&A market became more active in Q1'10. Data from Zero2IPO Research Center show that in Q1'10, China saw 118 M&A deals, up 37.2% year-on-year and 51.3% quarter-on-quarter; the value of 97 of the deals with prices disclosed totaled US$3.96B.

 From Chapter Two to Chapter Four in this report, we offer detailed statistics and descriptions concerning the development in China’s M&A market in Q1'10. Data from Zero2IPO Research Center show that in Q1'10, China saw 118 M&A deals, up 37.2% year-on-year and 51.3% quarter-on-quarter; the value of 97 of the deals with prices disclosed totaled US$3.96B. In terms of industrial breakdown, the bio/healthcare sector posted the most active M&A transactions in Q1'10, with 13 deals that totaled US$86.15M; The energy & mineral sector boasted the largest M&A scale in the quarter, with 11 deals that involved US$1.19B. VC/PE-related enterprises saw 17 M&A deals, up 112.5% year-on-year and 70.0% quarter-on-quarter; The value of 14 M&A deals with prices disclosed totaled US$633.00M, surging by 208.4% over the previous year.

 In Chapter Five of this report, we offer disclosure and simple comment on the 21 typical M&A deals that have been completed in China's M&A market in Q1'10. Every deal will be analyzed in terms of transaction procedure, backgrounds of concerned parties as well as motivation and impact of deal.

 In Chapter Six of this report, with the theme of “Research on M&As of China's Listed Companies”, we offer empirical analysis of short-term and long-term performance of the M&As conducted by China's listed companies both at home and abroad. That leads to the conclusion that the short-term performance of listed companies is not obviously improved while long-term performance is generally enhanced in a significant way; Features of short-term M&A performance of China's listed companies in different markets, regions, subject matters and industries are also concluded, offering valuable reference for M&A players as well as suggestions pushing forward China's listed companies' M&A process.

 In the last chapter, by analyzing the trends of macro economic development both at home and abroad and the rules for M&A activities, we offer analysis of the situations that might appear in both global and China’s M&A markets and the outlook on future development trends.