Tag: ma

Chinese companies will attract the lion's share of inbound M&A this year, according to FinanceAsia readers. Malaysia’s Securities Commission grants Goldman Sachs licenses for fund management and corporate finance. Please take a few minutes to share your views by filling out the FinanceAsia Clifford Chance M&A Trends Survey. The former Merrill Lynch banker will become deputy head of Asia for Macquarie Capital Advisers. Political risk notwithstanding, if the economics of a deal are right, it will get done. For every success story, there are plenty of M&A deals that struggle in the Australian market. Roger Denny, Clifford Chance's head of M&A, believes it's time to change the company law on scheme takeovers in Hong Kong. FinanceAsia asks why. Stephen Gore will head M&A and corporate finance, while Saurabh Beniwal is to lead technology, media and telecommunications in the region. CLSA's head of mergers and acquisitions discusses the outlook for Asian M&A into 2009 and beyond. The global private equity firm invests $50 million in Hao Yue Education Group which runs a vocational college in Beijing. FinanceAsia journalist Sameera Anand wins an award for her April magazine cover story on Chinese companies acquiring assets in America and Australia. We talk to Deutsche Bank's head of M&A for Asia, Gordon Paterson, about what will drive M&A in 2009 and why deals will continue to be transacted. Sinopec has launched the biggest Chinese takeover of a listed North American company by making a bid for Tanganyika. Etisalat buys 45% of Swan Telecom and Masdar acquires a significant stake in wind turbine designer WinWind, at a combined cost of more than $1 billion. M&A specialist Daniel Lee joins the law firm's Tokyo office with a focus on Japan-based Korean companies. A unit of Fraser and Neave takes effective control of Singapore-listed Allco Commercial Reit and cancels plans to list its own commercial real estate trust. The $87 million investment will give the private equity firm a "significant minority stake" in Sinorgchem, China's largest producer of rubber antioxidant chemicals. An analysis of M&A deals between 1994 and 2007 reveals that leaked deals are more likely to fail or, when they do complete, take longer to reach closure. The Chinese lender agrees to pay 3.1 times book to buy control of Hong Kong-based Wing Lung, valuing the bank at $4.7 billion and triggering a general offer. Korea's Halla Engineering will pay $685 million to regain control of the auto parts business after selling the company to private equity buyers nearly a decade ago.