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China M&A deals soar 74% in 2014

By Ye Zhen | January 19, 2015, Monday | Online Edition

MERGER and acquisition activities in China were vibrant last year and the robust trend is expected to continue this year, driven by a flurry of restructuring by state-owned enterprises, an industry report said today.

There were 1,536 M&A deals in China in 2014, with transaction value soaring 73.9 percent from a year earlier to US$339.7 billion, financial-data provider Mergermarket said in a report.

SOEs-involved large-scale deals, which were worth more than US$2 billion, had a total transaction of US$102 billion in 2014, representing 30 percent of the total deal value.

The restructuring of CITIC Group, Sinopec Marketing Co Ltd as well China CSR and China CNR were the top three deals during the year.

“The restructuring of SOEs has spurred M&A activities in the Chinese mainland and Hong Kong last year,” said the report. “With the continual reformation of SOEs, consolidation along the value chain and less restricted regulatory approvals, the M&A market is expected to retain its strong presence in 2015.”

Last year, Chinese companies continued to be the main driver of the regional M&A market as they contributed to 80.7 percent of transaction volume growth in the Asia ex-Japan area. 

Deals by foreign investors hit a record high last year with inbound value increasing 79.9 percent year on year to US$38.2 billion.

Industrial & Chemicals topped by value last year with US$54.7 billion yuan, followed by US$44.2 billion in Technology, Media & Telecommunications and US$40.5 billion in Energy, Mining & Utilities, according to the report.

Outbound M&A deals by Chinese companies fell 14.6 percent to US$59.1 billion after hitting a recording high of US$69.1 billion in 2013.

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