BEST CHINA DEAL
Shuanghui International’s $7.1 billion acquisition of Smithfield Foods
Advisers Barclays, Morgan Stanley
Legal advisers Paul Hastings Simpson Thacher Bartlett
China’s offshore ambitions have traditionally been dominated by its state-owned enterprises buying oil and gas assets overseas. In contrast, Shuanghui International’s acquisition of US-listed Smithfield Foods reflects the bold ambitions of China’s private sector, which has become more active in the MA space in recent years.
Notably, the deal was the largest Chinese acquisition of a US public company and, as such, it had to jump through numerous regulatory hoops before it finally received approval from the...