Outbound investment
Japan M&A: Go digital, go global
Panasonic moved from hardware to software with the acquisition of Blue Yonder, a path that other Japanese corporates are expected to follow. PE investors can sell to them or work with them
China outbound: Organic options
Tough domestic competition is encouraging Chinese tech start-ups to expand overseas – often organically, earlier in their lifecycles than before, and despite regulatory concerns
Taiwan & tech tensions: Silicon island
Taiwan’s technology sector must play an awkward balancing game amid US-China tensions. This could be a surprisingly favorable position for opportunistic investment and global diversifications
Vietnam outbound expansion: Brands apart
A booming domestic market and lack of success stories will likely keep outbound expansion a low priority for Vietnam’s investors and entrepreneurs until a suitable market niche can be found
China's CIC launches fund with Eurazeo, BNP
China Investment Corporation (CIC) has teamed up with France-based GP Eurazeo and BNP Paribas to launch a Europe-China growth fund with a target corpus of EUR1-1.5 billion ($1.1-1.7 billion).
Chinese corporate-PE partnerships: Meeting of minds
Collaborative deals between private equity firms and Chinese strategic players reflects the more diverse range of corporates seeking outbound deals - and also a recognition among GPs that they need help growing newly-acquired assets in China
Q&A: Eurazeo's Eddie Chen
Eurazeo is a publicly-listed French private equity firm, formed in 2001 through the merger of Eurafrance and Azeo. China head Eddie Chen explains why the GP opened a Shanghai office five years ago
US regulation: Cold shoulder
New trade legislation in the US is set to have important ramifications for Chinese private equity deal making in a range of data-related technology segments. Macro effects, however, may be muted
Chinese PE-backed consortium buys Australian vitamin supplier
China Jianyin Investment, a government-controlled investment group, has teamed up with a fund backed by CITIC Group to acquire a majority stake in vitamins supplier Australia Nature’s Care Biotech (ANCB).
China tightens controls on LP participation in offshore funds
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.
China’s Fosun acquires French luxury brand Lanvin
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).
Chinese PE firm to acquire Spain’s Imagina Media
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 launches $300m Belt and Road fund, invests in Kazakhstan
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.
GPs, corporates should enter outbound deals with eyes open - China M&A Forum
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 could do more to understand Chinese buyers - China M&A Forum
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.
Tech M&A: Tactical forays
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
China-Australia: Communication breakdown
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
China M&A: Exit options
The growth in outbound M&A among Chinese investors has created significant exit opportunities for PE investors
Regulation: Dialogue in the dark
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
Q&A: Zhong Lun's Yun Zhou
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
One Belt One Road: Probationary bonanza
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
Japan VC: Culture club
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
Ant Financial raises offer for PE-backed MoneyGram
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).
China outbound M&A: The smarter money
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