July 15, 2020

Deal Drivers: Mainland China 2020

A spotlight on mergers and acquisitions trends in H1 2020

In partnership with Mergermarket

The outbreak of coronavirus at the end of 2019 and the subsequent lockdown measures taken in China during the first quarter of 2020 had a major cooling effect on M&A activity in the country. 

In Q1 2020 both deal volume and aggregate deal value fell to their lowest levels in several years. 

Fortunately, with the spread of the coronavirus in China largely under control and business confidence improving, dealmakers may turn their attention in H2 2020 towards distressed dealmaking and making opportunistic acquisitions, according to the new Deal Drivers: China 2020 report.

Highlights from the report include:

  • China’s M&A market began to exhibit signs of recovery in Q2, with the number of announced deals rising
  • Of the 717 deals announced in H1 2020, 21% were recorded in June and were worth a total of US$30.6 billion, the highest one-month tally recorded this year.
  •  Industrials & chemicals (I&C) and technology, media, and telecom (TMT) were the standout sectors in H1.
  • Sector watch: As in 2019, TMT remained one of the top sectors for dealmaking this year. It rallied exceptionally well in Q2, with 70 deals announced during this period.

Download the report today and learn about the top deals, activities, and trends driving dealmaking across China.

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