Tech, cross-border activities set to drive Asia M&A next year
By Kane Wu
HONG KONG (Reuters) - Coronavirus-spurred growth in the technology sector will help drive M&A activity in the Asia Pacific next year, bankers and lawyers predict, with the potential easing of Sino-U.S. tensions likely to revive Chinese outbound investment.
Deals involving Asia Pacific firms totalled $1.2 trillion in 2020, up 12% from 2019. Seven of the year's 10 largest transactions were announced in the third quarter, which in total accounted for 40% of the year's deals by value.
High technology and telecommunications companies surged to a 23% share of deal value, up from 14% last year, while retail and consumer products and services firms also reported growth.
"COVID has dramatically accelerated digitalization, e-commerce and fintech," said Jung Min, co-head of merger and acquisitions (M&A) at Goldman Sachs in ...
Read More on Datafloq
HONG KONG (Reuters) - Coronavirus-spurred growth in the technology sector will help drive M&A activity in the Asia Pacific next year, bankers and lawyers predict, with the potential easing of Sino-U.S. tensions likely to revive Chinese outbound investment.
Deals involving Asia Pacific firms totalled $1.2 trillion in 2020, up 12% from 2019. Seven of the year's 10 largest transactions were announced in the third quarter, which in total accounted for 40% of the year's deals by value.
High technology and telecommunications companies surged to a 23% share of deal value, up from 14% last year, while retail and consumer products and services firms also reported growth.
"COVID has dramatically accelerated digitalization, e-commerce and fintech," said Jung Min, co-head of merger and acquisitions (M&A) at Goldman Sachs in ...
Read More on Datafloq
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