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
TRAVEL & TOURISM
Mega hotel deal: Blackstone selling luxury hotels to China insurer–USA Today,13/3/2016 “Blackstone Group is about to check out of Strategic Hotels & Resorts in a $6.5 billion sale to China’s Anbang Insurance Group…The private equity firm only completed its $3.93 billion transaction of Strategic Hotels in December.”
Inbound M&A into China
No significant deals were reported.
Domestic M&A – Notable Deals
Dangdang rallies after receiving competing bid in buyout process,Bloomberg, 9/3/2016 “Dangdang declined 23 percent in New York last year as the retailer’s investments in mobile offerings crimped profitability. In September, it reported an adjusted loss of 4 cents per share for the second quarter, compared with an average estimate for a deficit of 3 cents.”
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.