Chinese M&A in Europe soars
Recent data from Dealogic shows that Chinese companies have bought a record number of European targets so far this year, taking their total spend on M&A to US$12.1 billion (£7.6 billion). Chinese companies were involved in 64 M&A deals in the first nine months of 2011, up from 47 for the whole of 2010.
German companies were the most sought after, with 14 transactions closing. Deals in France however attracted the highest prices, with Chinese companies buying eight French companies for a combined total of US$4.7 billion.
As a member of Morison International we are ideally placed to support and advise business owners who are considering a sale to a Chinese or another overseas-based entity. Morison International is a fast-growing international association of professional service firms. With 95 individual member firms in 63 countries, our global footprint delivers clients the expertise they need, wherever they are. Our mission is to have high-quality, full-service member firms in all key locations worldwide in order to meet the cross-border needs of even the most complex client. So if you want to tap into this global network of quality advisers either to sell your business or to grow your business overseas organically or via acquisition, get in touch with us today.
Contact us
If you would like to know more about this subject or how we can assist you, your clients or your contacts with cross border transactions, call us on 0845 366 4793 or email mhcfinfo@mhllp.co.uk to arrange an initial no-obligation meeting.
To find out more about our corporate finance team visit:
www.macintyrehudson.co.uk/services/corporate-finance
