A few facts we found interesting from the latest data on Outbound M&A from China

1. China Outbound M&A in 2013: Summary
We had a look at the latest facts on China’s Outbound M&A. Here are a few conclusions on the
most striking facts:
Cross Border deals in Asia show the strongest statistics. China has increased its outbound
M&A activities in Asia-Pacific regions in 2013, which contributed to 24% of the total
number of transactions all over the world, following by Europe(24%), Latin America and
Caribbean(20%), United States and Canada(17%) and Africa/Middle East(5%).
In terms of the number of transactions, China outbound M&A in 2013 is not mainly driven
by Energy sector, but Financial Services(16% of the total number of deals),
Industrials(16%) and Consumer Discretionary(14%)
The largest average deal size per industry in 2013 is Utilities, which amounted to USD
2,177 million. It follows by Energy (USD 862 million) and Consumer Staples (USD 680
million)
For more interesting facts have a look at the following sheets:
China Outbound M&A in 2013
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2. China Outbound M&A - Number of Transaction by Geographic
Region
180
160
Number of Transactions
140
120
100
2012
80
2013
60
40
20
0
Africa / Middle
East
China Outbound M&A in 2013
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Asia / Pacific
Europe
Latin America and United States and
Caribbean
Canada

3. China Outbound M&A - Number of Transaction by Industry
90
80
Number of Transactions
70
60
50
40
30
20
10
0
China Outbound M&A in 2013
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2012
2013

4. Average of Transaction Value in 2013 by Industry
Average transaction value in USDmm
Utilities
2,177
Energy
862
Consumer Staples
680
Telecommunication Services
602
Financial Services
201
Industrials
133
Consumer Discretionary
86
Materials
93
Others
85
Information Technology
Healthcare
China Outbound M&A in 2013
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116
63

5. Methodology
Data source: Capital IQ
Data screening criteria:
•
•
•
•
•
Merger & Acquisition transaction
Buyers from China and Hong Kong
Targets from all countries in the world except China and Hong Kong
Announced, closed and effective deals are included
Transaction announced date from 01/01/2012 to 31/12/2013
Industry classification:
Consumer Discretionary
Advertising
Apparel Retail
Apparel, Accessories and Luxury Goods
Auto Parts and Equipment
Automobile Manufacturers
Automotive Retail
Broadcasting
Cable and Satellite
Casinos and Gaming
Computer and Electronics Retail
Consumer Electronics
Department Stores
Distributors
Education Services
Home Furnishings
Homebuilding
Hotels, Resorts and Cruise Lines
Household Appliances
Internet Retail
Leisure Facilities
Leisure Products
Motorcycle Manufacturers
Movies and Entertainment
Publishing
Restaurants
China Outbound M&A in 2013
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Specialized Consumer Services
Specialty Stores
Textiles
Consumer Staples
Agricultural Products
Distillers and Vintners
Food Distributors
Food Retail
Household Products
Packaged Foods and Meats
Personal Products
Tobacco
Diversified Banks
Diversified Real Estate Activities
Insurance Brokers
Investment Banking and Brokerage
Life and Health Insurance
Multi-line Insurance
Multi-Sector Holdings
Property and Casualty Insurance
Real Estate Development
Real Estate Operating Companies
Regional Banks
Specialized Finance
Healthcare
Energy
Coal and Consumable Fuels
Oil and Gas Equipment and Services
Oil
and
Gas
Exploration
and
Production
Oil and Gas Refining and Marketing
Oil
and
Gas
Storage
and
Transportation
Financial Services
Asset Management and Custody Banks
Consumer Finance
Biotechnology
Health Care Technology
Healthcare Distributors
Healthcare Equipment
Healthcare Facilities
Healthcare Services
Healthcare Supplies
Life Sciences Tools and Services
Pharmaceuticals
Industrials
Aerospace and Defense
Air Freight and Logistics
Airlines
Airport Services
Building Products
Commercial Printing
Construction and Engineering
Construction and Farm Machinery and Heavy
Trucks
Diversified Support Services
Electrical Components and Equipment
Environmental and Facilities Services
Heavy Electrical Equipment
Highways and Railtracks
Human Resource and Employment Services
Industrial Conglomerates
Industrial Machinery
Marine Ports and Services
Office Services and Supplies
Railroads
Research and Consulting Services
Trading Companies and Distributors
Information Technology
Application Software
Communications Equipment
Computer Hardware
Computer Storage and Peripherals
Data Processing and Outsourced Services
Electronic Components
Electronic Equipment and Instruments
Electronic Manufacturing Services
Home Entertainment Software
Internet Software and Services
IT Consulting and Other Services
Semiconductor Equipment
Semiconductors
Systems Software
Technology Distributors
Materials
Aluminum
Commodity Chemicals
Diversified Metals and Mining
Fertilizers and Agricultural Chemicals
Forest Products
Gold
Metal and Glass Containers
Precious Metals and Minerals
Specialty Chemicals
Steel
Telecommunication Services
Alternative Carriers
Integrated Telecommunication Services
Wireless Telecommunication Services
Utilities
Electric Utilities
Gas Utilities
Independent Power Producers and Energy
Traders
Multi-Utilities
Water Utilities

6. Solveigh | Mergers and Acquisitions
Solveigh Greater China is an independent investment banking advisory firm specializing in proprietary
cross border strategic Mergers & Acquisitions.
Solveigh advises on:
Chinese buy side advisory for China Overseas Outbound Investments
Western sell side advisory for Foreign Direct Investments & Acquisitions in China
China related Mergers & Acquisitions
China related Joint Ventures
Strategic development and local support
Private Placements, Equity and debt structuring, Business scans, Due Diligence, Valuation, Technology transfer, Licensing Deals, and
Sourcing related to China
Solveigh has a targeted and exclusive approach. Based on a long history and solid understanding, we
try to build across industries and markets and we initiate transactions which could fit strategically into
the growth strategy of our clients. Our transactions are quality deals and we always bear in mind the
longer term, so that we can build sustainable value from a strategic perspective.
Solveigh has a unique and professional team with access and experience in China and global markets.
Solveigh is the exclusive Greater China partner firm in Global M&A, which is one of the most
successful group of firms in global mergers and acquisitions, present in over 50 countries to date.
Many of our transactions are developed and completed in close cooperation with our partners. We
work on the basis of mutual trust and shared values, ensuring that everything we do is effective and
compliant with professional standards.
China Outbound M&A in 2013
5 January 2014
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7. Contact Details
SOLVEIGH| Mergers & Acquisitions
Hong Kong office
Unit 3604A, 36/F, Tower 2, Lippo Centre
89 Queensway, Hong Kong
Mr. Ernst Jan Kruis
CEO & Founder
T +852 3695 5001
ejkruis@solveigh.com
F +852 2530 2885
+852 9310 7137
E info@solveigh.com.cn
W www.solveigh.com.cn
Rotterdam office
Westersingel 106, 3015 LD Rotterdam
T +31 10 238 18 00
E info@solveigh.com
W www.solveigh.nl
Solveigh has offices in Rotterdam, Hong Kong, Brussels and
Beijing and is a partner firm in Global M&A
W www.globalma.com
China Outbound M&A in 2013
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5 January 2014