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China M&As hit record in 2014, PwC says
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CHINA’S merger and acquisitions activities hit record highs in 2014 in terms of both the number of deals and their total value, driven by technology, consumer-related and financial services sectors, PricewaterhouseCoopers said today.
The number of China’s domestic, outbound, and inbound deals jumped 55 percent from a year ago to 6,899, while the value of all deals also rose 55 percent to US$407.2 billion, both record highs since PwC started to compile the data in 2008.
“Strategic M&A activity showed very strong performance across all categories throughout the year,” says Roger Liu, PwC China mainland and Hong Kong deals private equity leader. “Ongoing consolidation as China’s domestic economy matures was a key driver. There were also some sizeable deals in foreign-inbound strategic M&A, particularly in banking and financial services.”
Looking ahead, PwC said merger and acquisition activities will continue to prosper in 2015 as the reform of state-owned enterprises will continue to feed major domestic transactions, private companies will lead the outbound charge and private equity funds will participate in all types of M&A activities.
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