·Overseas mergers and acquisitions "double rise" Chinese capital in the first quarter of 10 billion US dollars

In terms of transaction amount, TMT, automobile and financial industry occupied the top three overseas M&A in the first quarter, of which TMT industry transactions accounted for 43.74% of the total disclosure amount in the quarter. The United Kingdom, the United States and the Netherlands are the most popular Chinese investment destinations. Among them, the amount involved in Chinese investment in the UK accounted for 44.53% of the total amount.
On April 18th, the one-stop service provider of China's capital cross-border investment merger and acquisition, Morning Post Group, released the “2014 China Overseas Investment M&A Report” (hereinafter referred to as “Report”). According to the monitoring conducted by the Morning Sentinel Research Department, the number of overseas M&A transactions by Chinese companies in the first quarter of 2015 was 119, an increase of 36.78% from the previous quarter and an increase of 39.34% from the same period last year. The funds involved were 40.13 billion US dollars, an increase of 138.47% from the previous month and an increase of 9.05% from the same period last year.
According to the report, there were 22 overseas M&A transactions in the first quarter of 2015, and 19 cases were disclosed, involving US$4.939 billion. A total of 34 overseas mergers and acquisitions were signed in the first quarter, and 25 cases were disclosed, with a total disclosure amount of US$20.63 billion.
In the first quarter of 2015, the amount of equity mergers and acquisitions accounted for 87.87% of the total M&A amount, an increase of 23.95% from the previous month. The Swiss Union merger structure first appeared. In the first quarter, 85 transactions disclosed the transaction amount, an increase of 28.78% from the previous month and an increase of 34.92% from the same period last year. Among them, there were 9 transactions with a single transaction amount of more than 1 billion US dollars, accounting for 10.71% of the total number of transactions disclosed in the quarter, accounting for nearly 3.6 times of the previous quarter, involving an amount of 28.132 billion US dollars, accounting for the total amount of transactions in the quarter. 70.1%. The proportion of transactions with transaction amounts between $100 million and $1 billion decreased significantly, from 37.31% in the previous quarter to 30.95%.
In terms of transaction amount, TMT, automobile and financial industry occupied the top three in the first quarter of Chinese overseas mergers and acquisitions, of which TMT industry transactions accounted for 43.74% of the total disclosure amount in the quarter. The United Kingdom, the United States and the Netherlands are the most popular Chinese investment destinations. Among them, the amount involved in Chinese investment in the UK accounted for 44.53% of the total amount.
The proportion of equity mergers and acquisitions increased significantly. The “Report” pointed out that in the first quarter of 2015, among the overseas mergers and acquisitions of Chinese enterprises, there were 85 equity mergers and acquisitions, of which 59 disclosed the transaction amount, involving 35.161 billion US dollars in mergers and acquisitions, accounting for Chinese overseas mergers and acquisitions in the first quarter of 2015. 87.87% of the total amount, accounting for 23.95% of the chain, and 30 mergers and acquisitions, of which 23 disclosed the transaction amount, involving the acquisition amount of 2.867 billion US dollars, accounting for 7.15% of the Chinese overseas mergers and acquisitions in the first quarter of 2015, accounting for a decrease 24.7%; three shares were privatized, all of which disclosed the transaction amount, involving an amount of US$2.02 billion, accounting for 5% of the total amount of Chinese overseas mergers and acquisitions in the first quarter of 2015, up 0.75% from the previous month.
In addition, the types of transactions used by the merger of the German law firm and Dacheng Law Firm are particularly worthy of attention. In late January, Datongs and one of China's largest law firms, Dacheng Law Firm, announced that they had formally signed the merger agreement. The two new law firms will have more than 6,500 lawyers in 50 countries around the world or become the world's largest law firm. It is understood that the merger of the German law firm and the Dacheng law firm adopted the type of merger “SwissVerein Structure”. The Swiss alliance structure allows different member companies to combine under one brand while maintaining financial independence. This transaction structure is common among international institutions that provide professional consulting services.
TMT Auto Finance's top three “Report” shows that according to the disclosed M&A amount, TMT, auto and financial industry ranked top three in the Chinese overseas M&A industry rankings in the first quarter, with a total disclosure amount of US$17.528 billion and US$6.76 billion. And 5.648 billion US dollars, accounting for 43.74%, 16.87% and 14.09% of the total disclosure amount of the quarter. According to the number of M&A transactions in the current quarter, the M&A activities in the TMT, real estate and energy minerals sectors were the most active; the total number of transactions reached 29, 23 and 16 respectively.
Affected by the global MTT surge in mergers and acquisitions, the overseas M&A of Chinese companies in the TMT field grew rapidly in the first quarter of 2015. The overseas M&A in the TMT field ranked first in all industries in terms of amount and number. In the first quarter of 2015, the overseas M&A in the TMT industry increased from 14 in the fourth quarter of 2014 to 29, with more than doubled growth. The transaction amount also increased from 2.583 billion USD in the previous quarter to US$17.528 billion. Six times.
China's overseas M&A destinations focus on mature markets as the preferred destination In the first quarter of 2015, Chinese overseas M&A destinations were particularly concentrated. According to the morning whistle statistics, the total amount of mergers and acquisitions of the top ten overseas M&A destinations accounted for 93.43% of the total disclosure amount, which was 7.08% higher than the 86.35% of the previous quarter. Among them, the United Kingdom, the United States and the Netherlands are the most popular Chinese overseas acquisition destinations in the first quarter of 2015. According to the Report, the amount of investment and mergers and acquisitions in the UK in the first quarter of 2015 reached US$17.844 billion, accounting for 44.53% of the total disclosure amount for the quarter. In the quarter, the amount of overseas Chinese mergers and acquisitions in the United States and the Netherlands was US$4.493 billion and US$3.472 billion, respectively, accounting for 11.21% and 8.66% of the amount of Chinese overseas mergers and acquisitions in the quarter.
It is understood that the UK's largest investment destination in the first quarter of 2015 in the amount of M&A in the UK was mainly affected by Hutchison Whampoa's £9.25 billion acquisition of the UK's telecommunications operator O2. In late March, Li Ka-shing's Hutchison Whampoa Co., Ltd. said it was close to finalizing the acquisition of UK mobile operator O2. It is understood that Hutchison Whampoa intends to pay 9.25 billion pounds of cash, and if O2 and Hutchison Whampoa's British operator Three merged to achieve cash flow indicators, Hutchison Whampoa may also pay up to 1 billion pounds.

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