For years, Asian corporate chieftains had cashed up balance sheets but as they scanned the horizon, they chose to stay at the sidelines of deal-making.
That changed towards the end of last year, with the US economy emerging from the doldrums and concerns over the eurozone crisis ebbing. This year, MA specialists have seen a palpable shift in companies' attitudes towards deal-making.
“Many Asian companies have strong balance sheets and have had access to cheap debt for quite a few years, but the confidence to deploy these on acquisitions has not been there,” Roger Denny, Head of MA, Asia Pacific at Clifford Chance told FinanceAsia. “We saw a significant...
¬ Haymarket Media Limited. All rights reserved.
