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China M&A Week in Review: 11-17 Jan 2016
On January 20, 2016
China M&A Week in Review is SSCO’s weekly summary of deals and key developments in China related Mergers and Acquisitions. Our emphasis is on cross-border deals.
This Week’s Links
Outbound M&A and Investment
China’s Reignwood Group to buy majority stake in Voss of Norway ASA – China Go Abroad, 13/1/2016 “China’s Reignwood Group has agreed to pay around $105m to buy slightly more than 50% of Voss of Norway ASA, a premium bottled water maker…Voss’s revenue rose about 25% from 2014 to $77.5m in 2015. About 70% of sales were generated in the U.S. and revenue in China totaled around $2m.”
China’s Haier to Buy GE’s Appliance Unit for $5.4 Billion – Bloomberg, 14/1/2016 “China’s Haier Group agreed to buy General Electric Co.’s appliance business for $5.4 billion in the country’s biggest acquisition of an overseas electronics company. The group’s Qingdao Haier Co. signed an agreement with GE and the transaction, which will be paid in cash, is targeted to close in mid-2016.”
TRAVEL & TOURISM
Why Did Ctrip Invest In India’s Biggest OTA, MakeMyTrip? – Forbes, 15/1/2016 “Ctrip International recently announced its plans to invest $180 million in India’s largest OTA, MakeMyTrip. Along with this, Ctrip will also have the option of buying MakeMyTrip’s shares in the open market which might provide Ctrip up to a 26.6% stake in the Indian OTA.”
Inbound M&A into China
Pfizer acquires Treerly and Its family of products from Sirio Pharma – Yahoo Finance, 13/1/2016 “Pfizer Inc. (PFE) announced today that it has acquired Sirio Pharma Co. Ltd.’s wholly-owned subsidiary, Treerly Health Co., Ltd., and its family of Treerly products…’The acquisition of the Treerly brand and its family of products will enhance the portfolio of dietary supplements we offer to our retail customers in China and will enable us to help more consumers improve their health and well-being.’ said Keith Choy, regional president.”
“Mobile chip giant Qualcomm is getting into the data center market with a new joint venture to design and sell server chips in China… A Qualcomm subsidiary will own 45% of the newly formed company and the Guizhou government owns 55% for a total value of RMB 1.85 billion, or about $280 million.”
Domestic M&A – Notable Deals
Wanda Invests $2.3B To Build Three High-End Hospitals In China — China Money Network，6/1/2016 “Dalian Wanda Group says it plans to invest RMB15 billion (US$2.3 billion) to build three high-end hospitals in China in partnership with the International Hospitals Group Ltd.Bringing top-tier general hospitals to China will not only meet increasing demand of the Chinese people, but also improve the healthcare standard for the city.”
About Stenvall Skoeld & Company
Stenvall Skoeld & Company (SSCO) is an M&A advisory firm with global reach on cross-border transactions. We act as financial advisors to buyers and sellers on mergers, acquisitions, divestitures, capital raises and other strategic and financial transactions and investment decisions. We specialize in cross-border transactions involving Asia, China in particular.
Contact us for more information.