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

TECHNOLOGY

Tsinghua Holdings Reveals Unspecified Stake in Silicon Valley’s Marvell Technology—Electronics Weekly,16/5/2016 “Last month Tsinghua bought a 6% stake in Lattice which it has since increased to 8.65%.This strategy of buying small stakes in chip companies is a departure from Tsinghua’s earlier practice of making full-scale takeover bids.”

INDUSTRIALS

China’s Midea makes $5.2B offer for German robot maker Kuka (Update)–PHYS.ORG,18/5/2016 “Midea said it would offer 115 euros ($130) a share to buy all the Kuka stock it doesn’t already own… Investors seemed bullish on the offer price, pushing shares in Kuka up a stunning 31 percent to 108.8 euros on the news.”

ENTERTAINMENT

Recon group chair says could pay more than 100 million pounds for Aston Villa—Reuters,19/5/2016 “The Chinese magnate who has agreed to buy English football club Aston Villa has said the final purchase price for the club would range between 75 million pounds and more than 100 million pounds, depending on how the club performs next season.”

Inbound M&A into China

ENERGY

Thai-listed Banpu acquires 78.5MW solar plants in eastern China, 05/18/2016 “All four parks are located in the Shandong province in eastern China. The purchase, valued at US $93 million, comes as the company’s power plant subsidiary, Banpu Power PCL (BPP), works toward generating 20 percent of its power from renewable sources by 2025.”

Domestic M&A – Notable Deals

No significant deals were reported.

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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.

 

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