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By Christine Gaylican, Opalesque Asia:
Mid-market mergers and acquisitions (M&As) in the Asian region have remained at a robust level this year, which analysts said would continue until 2010.
Latest studies done by MergerMarket.com, commissioned by management firm Deloitte Consultancy, had shown that the volume of mid-market M&A deals in Asia valued between $50 million and $250 million have remained at a fairly robust level in the last eights months.
Peter Baldock, Deloitte's global COO and head for Asia-Pacific corporate finance said: "We believe this will continue through the remainder of this year and into 2010; notwithstanding the economic recession, as buyers look very selectively at smaller, but strategic assets that are now becoming reasonably priced."
He added that this has been the main strategy of asset management companies undergoing financial distress to remain afloat and to regain the investing public's trust.
The recent Deloitte/ MergerMarket study, "Adjusting to the Downturn: Asian Mid-market M&A Spotlight", stated that there has been a strong tendency to more intra-Asia cross-border deals in the important sectors of energy, mining and manufacture, with more Chinese, Japanese, Korean and Indian buyers foraging for strategic assets in Australia and South East Asia.
Mainland China companies gets into outbound acquisitions
The Deloitte report also showed that greater China, which includes the mainland, a...................... To view our full article Click here
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