Archive | mergers and acquisitions RSS feed for this section

China Cross-Border M&A Continues

In one of the larger overseas industrial acquisitions ever by a Chinese State-Owned Enterprise (“SOE”), Shanghai listed (600458.SS) Times New Material Technology Co., Ltd. (“TMT”) announced last week that it agreed to acquire the Rubber and Plastics Business Unit of ZF Friedrichshafen AG (“ZF”) for $399.3 million. While a number of billion-dollar plus overseas deals [...]

Read more

China’s Two Sides (Part II): How Not to Treat a Chinese Partner

This is the second article about the stalled acquisition of Cooper Tire & Rubber Co. (NYSE: CTB) (“Cooper”) by India’s Apollo Tyres Ltd. (Bombai: APOLLOTYRE.BO) (“Apollo”). For background information click on to China’s Two Sides. Anyone doing business in China knows that establishing “mutual trust” with your partners, customers and colleagues is a key success [...]

Read more

The Changing Landscape Of Global Autos

What a difference twenty years makes. In 1993, China’s auto industry was producing less than one million vehicles per year and there were no Chinese passenger car makers. In 2013 China will produce over twenty million vehicles, and Chinese companies account for 35 percent of the total passenger car market. In 1993 the likes of [...]

Read more
Ford Affiliate to Buy China Truck Maker

Ford Affiliate to Buy China Truck Maker

Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China‘s [...]

Read more

Chinese Company Offers To Acquire Control Of A Leading U.S. Battery Maker

With annual sales of approximately 19 million vehicles, China’s auto industry is now, by far, the largest in the world. Not content to be the world’s volume leader, though, government and industry leaders now share a common objective: “To make China’s auto industry the innovation leader by 2020.” To underscore this objective, Clean Energy Vehicles [...]

Read more
China Outbound M&A in 2011

China Outbound M&A in 2011

I may have been too hard on myself when assessing the accuracy of my predictions for 2011. At the beginning of last year, I predicted that 2011 would be a banner year for cross-border mergers and acquisitions between China and the United States and China and Europe. When reviewing how I did on my 2011 [...]

Read more
Cross Border M&A with China: Will It Really Happen?

Cross Border M&A with China: Will It Really Happen?

When I predicted at the end of 2010 that 2011 would be a banner year for cross-border mergers and acquisitions between China and the United States and China and Europe, I was not alone. Many investment bankers, lawyers and accountants have been gearing up for what everyone believes will ultimately be a big surge in [...]

Read more
Cars and Planes: China M&A Picking Up

Cars and Planes: China M&A Picking Up

With so much cash on Chinese company balance sheets, and the technology gaps that remain in many industries, it’s only natural that Chinese companies would begin to shop overseas to acquire needed technology and know-how. Two recent deals — one in auto parts, the other in planes — indicate where this trend is headed. In [...]

Read more

Growing Pains in Cross Border M&A

Hot on the heels of MTD’s fifth and final prediction that “2011 will be a banner year for cross-border mergers and acquisitions between China and the United States and China and Europe,” Reuters ran a story last Friday describing China’s mixed success in global acquisitions. Xinmao’s decision to drop its 1 billion-euro ($1.3 billion) bid [...]

Read more

Why Bright Foods Likes GNC

Why is China’s Bright Food Group interested in GNC Holdings, the U.S. vitamin chain? That’s what Louise Lucas of the Financial Times wanted to know. Several months ago, Shanghai-based Bright Foods was in discussions to buy United Biscuits of the U.K., but its interest now seems to have shifted to the potential $2.5 billion acquisition [...]

Read more