PE-backed buyouts of US-listed Chinese firms set to continue
Private equity-backed management buyouts of US-listed Chinese companies are expected to continue in 2012 despite recent pullbacks in the Hong Kong and mainland markets eroding the potential valuation arbitrage. With the announcement of dedicated privatization funds and a growing number of microcap companies facing delisting due to non-compliance with regulatory requirements, Roth Capital says the MBO market will remain active.
During 2011, 10 privatizations of Chinese firms listed on US bourses were completed, two were terminated and a further 10 are still in process. Of the completed transactions, eight were management buyouts...
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