Chinese buyers

Chinese firms on the hunt for distressed US assets

The prospect of higher returns and technology transfers is enticing Chinese buyers to consider troubled companies in the US.
<div style="text-align: left;">
Chinese buyers are increasingly interested in companies such as A123, which develops battery technology
</div>
<div style="text-align: left;"> Chinese buyers are increasingly interested in companies such as A123, which develops battery technology </div>

Chinese investors are increasingly buying distressed companies in the US across a broad range of industries, including solar, wind, autos and aviation, according to merger and acquisition specialists.

Many companies in these sectors are still highly leveraged and desperate for money, said lawyers and bankers who have advised on some of these transactions.

Distressed US energy, industrial and chemical firms are attracting the most interest from potential acquirers globally, according to a research report by US-based law firm Schulte Roth Zabel, which specialises in distressed investing.

“We are in contact with potential Chinese buyers who are showing stronger interest in purchasing distressed US...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222