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M&A deals boom in China led by Smithfield buyout
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Merger & acquisition transactions in China remained active in September with a surge in deal value due to the mega buyout of Smithfield Foods Inc by Shuanghui International Holdings, according to an industry report.
China has completed 101 merger & acquisition transactions in September, flat with the number of deals in August, the Zero2IPO Research Center said in a report released today.
The value of 92 M&A deals that revealed their transaction figures totaled US$10.2 billion, a monthly increase of 133.4 percent. The total value represented a 334.4 percent surge from a year earlier, the report said.
Of all the deals, 93.1 percent, or 94 cases were domestic M&As valued at US$2.8 billion; 6 cases were overseas acquisitions at US$7.4 billion.
Measured by value, the food and beverage sector topped with cases worth of US$7.1 billion, accounting for 69.8 percent of the value of total deals, thanks to Shuanghui International Holdings Ltd’s purchase of Smithfield Foods Inc, the biggest Chinese purchase of a US firm.
Energy and mineral sector had the largest number of mergers at 12, followed by biotechnology & healthcare and real estate that were tied for second with 10.
Firms backed by venture capital and private equity completed 35 of the deals, the report said.
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