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

ENTERTAINMENT

China’s Suning buying majority stake in Inter Milan for $307 million—Reuters,6/6/2016 “Chinese electronics retailer Suning Commerce Group Co Ltd (002024.SZ) is buying nearly 70 percent of Italian soccer club Inter Milan for 270 million euros ($307 million), in the highest-profile takeover so far of a European team by a Chinese firm.”

TRANSPORTATION

China’s Nanshan Group to buy Virgin Australia stake from Air New Zealand—The Sydney Morning Herald, 10/6/2016 “Chinese conglomerate Nanshan Group is poised to emerge as a major shareholder in Virgin Australia after agreeing to purchase a 19.9 per cent stake from Air New Zealand for around $262 million…The Nanshan purchase remains subject to regulatory approval and assumes the HNA placement proceeds, giving Nanshan a 19.9 per cent stake in the expanded share capital.”

TECHNOLOGY

Smaato Changes Ownership; German Publishers Pool Their Data—Exchange Wire,10/6/2016 “The Chinese investor Spearhead is scooping up the Hamburg company, subject to approval by the relevant regulatory authorities and the supervisory boards of both companies…Beijing-based Spearhead is a leader in the Chinese PR and advertising industry. The deal is priced at USD$148m (£102m).”

Inbound M&A into China

FINANCIAL SERVICES

GLP buys into 2 Beijing investment firms for 448m yuan, The Business Times, 6/6/2016 “WAREHOUSE provider Global Logistic Properties (GLP) on Monday said it has bought an 89 per cent stake each in Beijing Youshan Hengrong Yanong Investment Management and Beijing Youshan Hengrong Shengyue Investment Management for 448 million yuan (S$92.5 million) in cash.”

HEALTHCARE

Q&M to acquire stake in dental laboratory in China, The Business Times, 7/6/2016

“Q&M Dental Group has entered a binding memorandum of understanding to acquire a 47.14 per cent stake in Shenzhen New Perfect Dental Research (SZNP) for 66 million yuan (about S$13.8 million). This translates into an effective interest of 33 per cent in the dental laboratory business that is carried out by 15 subsidiaries of SZNP.”

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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