China at Center of Global M&As in 2016

China is at the center of global mergers and acquisitions in 2016, with deal values amounting to US$81.7 billion, shows Mergermarket’s Q1 trend report.

China has scaled up its search for foreign targets with its outbound activity accounting for a 26.3% share of total cross-border deals during Q1 2016, a steep increase considering no full year has ever surpassed 7.6%.

China’s outbound M&A amounted to US$ 81.7bn  in the first quarter, already a record annual total. The country attempted its largest US outbound acquisition in history when Anbang
Insurance offered to buy Strategic Hotels and Resorts for US$ 6.5bn.

In another deal, China National Chemical Corporation made the largest deal of Q1 when it acquired Switzerland-based Syngenta for US$ 45.9bn. And in yet another transaction, Tianjin Tianhai Investment bought US-based Ingram Micro for US$ 6.1bn.  

Globally, industrials & chemicals sector dominated the first quarter's M&A activity, with US$144.7bn of deals. Meanwhile, outbound deals amounted to US$597.4bn.

Goldman Sachs leads the advisor rankings, having advised on 46 deals worth US$237.2bn.

Read more on
M&A

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern