China's National Development and Reform Commission (NDRC) has implemented rules that effectively add another layer of approval for LP commitments by domestic investors to offshore private equity funds.
Chinese conglomerate Fosun International has purchased a controlling stake in Jeanne Lanvin, one of the oldest luxury fashion labels in France, for EUR120 million ($148 million).
Orient Hontai Capital, a PE unit of China’s Orient Securities, has agreed to buy a 53.5% stake in Imagina Media Audiovisual, part of Spain-based Mediapro Group. The transaction values Imagina at EUR1.9 billion ($2.35 billion).
Hony Capital has partnered with its portfolio company China Glass Holdings (CGH) to launch a $300 million fund that will invest in glass production projects in countries covered by the One Belt One Road (OBOR) initiative.
Partnerships between Chinese strategic investors and private equity firms remain a popular model for pursuing outbound acquisitions, but each party should understand the other’s expectations before closing deals, PE professionals told the China M&A...
Western sellers should do more to understand Chinese buyers rather than backing away from potentially superior bids due to concerns about regulatory approvals, industry participants told the China M&A Forum.
A new generation of Chinese technology companies – conscious of the need to stay competitive – are becoming more active M&A players as they choose to buy rather than build their way into multiple verticals
A couple of high-profile rejections of Chinese deals overshadow the fact that most foreign investments in the country receive approval. Prospective buyers are advised to engage with interested parties from the outset
The growth in outbound M&A among Chinese investors has created significant exit opportunities for PE investors
The Committee on Foreign Investment in the US has a huge a backlog of applications to process and a staffing shortage. Potential buyers have little choice but to be patient
Yun Zhou, a partner with Chinese law firm Zhong Lun, discusses the effects of Chinese government guidelines on outbound investment in terms of who will be doing these deals, and how
China’s One Belt One Road agenda is set to be a driving force in M&A activity that reshapes economies across Eurasia for decades to come. Early movers are consequently negotiating a new world of variables
The Cool Japan policy aims to internationalize a large but lagging economy beyond its manufacturing roots. Venture capital will be the key to reimagining unique overlaps of culture and technology
Alibaba Group's Ant Financial has raised its takeover bid for US-listed financial services company MoneyGram, topping a competing offer made by US-based Euronet Worldwide last month. The sale will provide an exit for Thomas H. Lee Partners (THL).
Despite regulatory curbs on Chinese outbound investment, companies are still interested in M&A opportunities – and they are pursuing less high-profile assets with greater sophistication
US payment services company Euronet Worldwide has extended a buyout offer worth about $2 billion for NASDAQ-listed MoneyGram, contesting a bid made earlier this year by Alibaba Group’s PE-backed affiliate Ant Financial. The pending sale will provide...
Lorna Chen, partner and head of the Asia asset management and investment funds practice at Shearman & Sterling, discusses China outbound investment
Restrictions on outbound investment have China’s investor community scrambling to adapt, but devising a proper response depends on future decisions from notoriously opaque regulatory agencies
Thomas H. Lee Partners (THL) will exit US-listed MoneyGram following an agreement to merge the money-transfer services provider with Ant Financial, a PE-backed online financial services affiliate of Alibaba Group, in a deal that values the business at...
Bain Capital Private Equity has teamed up with Chinese supermarket chain Yonghui Superstores to buy Daymon Worldwide, a global retailer services company that specializes in areas such as branding, sourcing and marketing, for $413 million including debt.
Interest in cross-border transactions among Chinese strategic players is increasing, and PE firms have a number of crucial advantages in these situations, industry players told the AVCJ Forum in Hong Kong.
Sovereign wealth fund China Investment Corporation (CIC) plans to accelerate the pace of its overseas direct investments, with a view to supporting Chinese economic modernization.
Canyon Bridge Capital Partners, a newly-formed US-based buyout firm backed by Chinese LPs, has agreed to acquire NASDAQ-listed chip maker Lattice Semiconductor for $1.3 billion.
China-focused GPs are cautious about partnering with Chinese corporates on outbound M&A deals, although there is increasing demand for their support in terms of identifying acquisition targets and facilitating post-investment integration.