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

China’s Fujian Grand Chip to buy Aixtron for 670 million euros—Reuters,23/5/2016 “China’s Fujian Grand Chip Investment Fund LP (FGC) is to offer 6 euros per share to buy Aixtron (AIXGn.DE), valuing the German semiconductor equipment maker at around 670 million euros ($752 million) including net cash.”

TRANSPORTATION

China’s Shenzhen to invest $200m in western Indonesia—China Daily,24/5/2016 “Shenzhen, one of China’s fastest-growing cities, will invest $200 million in a special economic zone in western Indonesia.The deal on the investment plan was inked by the Management Authority of Qianhai, Shenzhen’s modern service industry cooperation zone, and the Indonesian Investment and Trade Organization (IITO) in Jakarta on Monday.”

FINANCIAL SERVICES

Chinese billionaire Chen’s Shanda buys 11.7 percent of LendingClub—Reuters,24/5/2016 “Chinese billionaire Chen Tianqiao has bought a nearly 12 percent stake in Lending Club Corp (LC.N) as the largest U.S. marketplace lender seeks funding after a botched sale of loans spooked some of its biggest investors…Shanda has invested in other U.S. financial services companies. In April, it bought a 10 percent stake in asset manager Legg Mason Inc (LM.N) .“

ENTERTAINMENT

Chinese group buys control of sports rights firm MP & Silva—Reuters,25/5/2016 “A Chinese investment group has bought a majority stake in Italian-owned MP & Silva (MPS), valuing the sports media rights firm at over $1 billion (685 million pounds), the latest in a series of global sports-related deals by investors from China.”

Inbound M&A into China

MEDIA

Time Buys CCI Asia-Pacific For Undisclosed Terms, Yahoo Finance, 24/5/2016“Time Inc (NYSE: TIME) revealed the acquisition of CCI Asia-Pacific Ltd., which is the Hong Kong-based publisher of Fortune China, Fortune’s Chinese-language edition. However, the company did not disclose the terms and conditions of the deal…Shares of the company traded 2.49 percent higher on Tuesday.”

TECHNOLOGY

CML Microsystems acquires China’s Wuxi Sicomm Technologies, Morningstar, 27/5/2016 “CML Microsystems PLC on Friday said it has agreed to acquire China-based Wuxi Sicomm Technologies Ltd and affiliated companies for USD11.0 million in cash and shares…CML said the deal expands its product portfolio and will boost its position in the professional and industrial wireless communication semiconductor market.”

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.

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