Economic reforms, high liquidity drive M&A deals
Print Edition
THE value of mergers and acquisitions involving Chinese companies in 2015 rose 84 percent year on year to US$733.7 billion, PricewaterhouseCoopers said in a report yesterday.
A record 9,420 deals — domestic, inbound and outbound — were signed in the period, up 37 percent from 2014, it said.
The sharp increase was driven by a surge in domestic activity, with deals involving corporate buyers rising 15 percent to 4,819, and the number completed by private equity and venture capital firms almost doubling to 3,797.
The sector is expected to maintain its double-digit growth this year, the report said.
“The economic transformation and abundant domestic liquidity contributed to the active M&A market in China last year,” said Roger Liu, PwC’s China deals private equity leader.
“We think the rate of Chinese M&As will continue to grow at a double-digit pace, led by strategic and outbound activities, as well as robust financial buyer deals,” he said.
Technology and financial services were particularly hot sectors last year due to higher growth expectations and industry consolidation, the report said.
The number of outbound deals completed in the year rose 40 percent to 382, of which 207 involved private firms, it said.
The private sector will continue to lead the charge in overseas acquisitions this year as local businesses remain hungry for technologies and brands to bring back to the Chinese market, Liu said.
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