1 - November, according to data from the ministry of commerce, China's domestic investors on the global 153 countries/regions of 5985 foreign companies in the non-financial direct investment, realized total foreign investment of 646.16 billion yuan ($104.13 billion), up 16% from a year earlier.
This year is the world's m&a activities active for one year. Mergers and acquisitions totaled $4.9 trillion so far, a record high, more than the $4.6 trillion the previous record of 2007. During the feast of mergers and acquisitions, natural little also not of Chinese enterprises.
The three major characteristics
Observer network statistics found that compared with last year, this year's overseas mergers and acquisitions present three characteristics. First is the private sector, in the first three quarters of this year, overseas mergers and acquisitions amount has reached nearly three times that of the state-owned enterprises, also above the 2014 level.
Although private enterprises and financial investors to participate in overseas mergers and acquisitions single relatively smaller, but still keep the scale level, about 167, state-owned enterprises and financial investors are 59 and 31 respectively.
Founded in the global ratio of overseas mergers and acquisitions increased year by year
In America, for example, in the first three quarters of this year the private investment in the United States was $3.24 billion, compared with just $050 million in state-owned enterprises investment in the United States. And last year, state-owned enterprises in the investment of $450 million, compared to $400 million for the private sector.
"From the end of last year to now, we also observed that China's overseas mergers and acquisitions is the biggest change role transformation, now corporation to carry out overseas mergers and acquisitions case number into an overwhelming momentum." In September this year, overseas m&a experts, rich rich capital group chairman Wang Shiyu for Shanghai newspaper reporters, "state-owned enterprises overseas mergers and acquisitions has actually cool."
The second characteristic is to pay more attention to the European market. Continued weakness in the euro exchange rate, Chinese enterprises go abroad, in droves to Europe to pick up a bargain. Insurance from Portugal to the French tourism industry, foreign enterprises from all walks of life have become the targets of Chinese enterprises. Unlike America, European countries and capital a welcoming attitude to the Chinese enterprise. In 2014, according to Dealogic, Chinese companies spent $70 billion on overseas acquisitions. Amount of mergers and acquisitions in Europe since 2015, China has reached $12 billion, double the nearly $6.9 billion over the same period last year.
The third feature is "neighbourhood" all the way along the investment increased significantly. In the first three quarters of this year, China to other Asian countries reached 67, the number of mergers and acquisitions over the last year level, second only to North America and Europe. To some extent, "China and India, Pakistan, Bangladesh and myanmar One Belt And One Road" two economic corridors and fund of "silk road" and the investment bank's good will strongly promote Chinese enterprises on the country, especially the investment and merger and acquisition activity in other Asian countries.
"China's m&a market mature." Jpmorgan chase joint Brian Gu, head of mergers and acquisitions in the asia-pacific region, said "we are seeing more and more Chinese companies to buy brand, know-how and intellectual property rights, walked to the top of the value chain."
The following is the observer network statistics, 2015 years ago ten big overseas acquisition:
1. China's $8 billion acquisition of pirelli
Pirelli is home to more than global luxury car brand of form a complete set of tyres
March 23, unlisted companies, the basis of China's largest chemical manufacturers in China chemical group through a wholly owned subsidiary of China chemical rubber company and the world's fifth-largest - Italy pirelli tyre company merger and acquisition agreement, purchase amount up to 7.1 billion euros ($8 billion).
This is by far China's biggest investment in Italy, is China's manufacturing industry for nearly three years the largest overseas acquisitions.
According to the agreement, sinochem will hold 65% stake in a new company's major shareholders, and the Russian oil company to pirelli, President and chief executive mark - Katie thrun - ordinary Italian consortium headed by vera will hold the remaining 35% stake.
As in 1872 of pirelli tyre industry legend is international, with the development and manufacture more than 140 years of history. Has 24 factories in the world, the company has more than twenty thousand employees, sales of more than 6 billion euros in 2014, the sales network in more than 160 countries and regions, ranked first in the global high-end market, its production of pirelli tyre has always been audi, ferrari, lamborghini, bentley, BMW, mercedes-benz and other high-end car brands designated factory form a complete set of tyres. Pirelli is formula one tyre official sponsors, as well as inter milan football club, one of the biggest sponsors pirelli calendar is the bellwether of fashion industry.
2, purple light group $3.8 billion investment in the west
September 30, purple light group unisplendour and western data of listed companies also announced that unisplendour $92.5 per share subscription data newly issued 40814802 shares of common stock in the west and total investment of about $3.8 billion (RMB 24 billion). After the completion of the deal, unisplendour will hold data has 15% of the outstanding common stock in the west and became the first big shareholder western digital, and will have a seat on the board. Then, the western data and for the price of around 190 acquire SanDisk memory chip manufacturers.
Western digital market value of $18.4 billion, only $220 million in net cash flows. Analysts believe that the "big shareholders purple light will provide critical support in the capital, decision-making."
Western digital was founded in 1970, is the world's second largest hard disk manufacturer, second only to Seagate. Sandisk corporation is the world's biggest supplier data flash memory card products. Born in palo alto, California, 1988.
3. The Chinese consortium $3.3 billion into the philips Lumileds
Wu, founder of GSR ventures He's led the Chinese beat the KKR consortium and other competitors, cause behind the takeover.
On March 31, 2015, by the jinsha river GO Scale Capital investment partners (jinshajiang venture investment and oak joint fund) led, the asia-pacific resources development and investment co., LTD and nanchang industrial holdings group co., LTD under the support of Chinese and foreign Capital financial group such as fund recently announced the successful acquisition of mergers and acquisitions owned by royal Dutch philips Lumileds 80.1% of the company, the company will keep the remaining 19.9% of the shares. Philips Lumileds including LED lighting division with cars, the deal is worth about 3.3 billion dollars.
It is understood that with the rise of China's LED industry, philips has almost no competitive advantage, with Asian manufacturing industry suppliers and lighting business includes Lumileds although similar scale and the cost of production and its medical business, but a lower profits. For philips Lumileds sale of shares is a huge relief, because its have been under high costs and a strong work pressure. At the same time, the deal should also greatly improved the Lumileds business structure and operations, the company has more choices from capital markets to raise funds, seeking partners and develop new business, and a lot more flexibility in the new strategic plan.
But in the United States government under pressure, and to take over 600 patents of LED technology problem hasn't been solved yet, by the end of December, the deal is not yet complete.
4. The hna airport group's $2.8 billion takeover of Switzerland
On July 30, Reuters reported that China's fourth largest aviation group hna group will spend 2.7 billion Swiss francs ($2.8 billion) takeover of the world's largest Swiss international airport baggage handling company service co., LTD.
Swiss airport hna early do business with. Public information, Swiss airport agent the hainan airlines, China southern airlines domestic airline business overseas routes. In March 2008, hna airport ground set up joint venture with Switzerland.
Public sign, according to a Swiss airport was founded in 1997, the business scope covers the passenger, freight, warehousing, oil, security, maintenance maintenance, personal and business services. In 48 countries on five continents of the world's more than 270 machine with operations, on behalf of more than 700 customers a year for the world's 224 million passengers and 4.1 million tons of cargo service. Its 2014 revenue of 2.9 billion Swiss francs, employs 60000 people.
5. Hna Avolon $2.5 billion
AVOLON assets is very attractive, average age 2.5 years, double aisle aircraft accounted for 27%, there are 49 customers, operates in 28 countries, and more than 40% in the asia-pacific region.
Swallow shortly after the Swiss airport, hna group, bohai leasing company for about $2.5 billion to buy the aircraft leasing and Avolon Ireland. Bohai leasing will pay the price of $31 a share in the trade, trade includes responsible for the debts of the Avolon.
Avolon company headquartered in Dublin, worth about $7.6 billion. Owns or manages 152 aircraft. As of June, Avolon company still another order for more than 100 aircraft. Along with the local shipping company introduced more shipping lines, the leasing company got a great expansion of China.
6. Insurers Ironshore fosun's $2 billion takeover of the United States
Fosun international co., LTD. (hereinafter referred to as the "company") announced on November 23, completed acquisition of U.S. insurance giant Ironshore Inc remaining 80% stake, Ironshore become a wholly owned subsidiary company. According to sina finance and economics learns the fosun on Ironshore price is RMB $17.20 per share for cash, phase When the deal worth $2.043 billion.
Earlier in August 2014, fosun international spent $464 million, bidding for the Ironshore of casualties and property coverage, which accounts for about 20% Ironshore company shares, and complete the acquisition in February 2015. Since then, the company is interested in buying Ironshore remaining stake.
Ironshore was founded in 2006, the registered capital of $1 billion, mainly engaged in special insurance business, the main products include personal injury risk, insurance, environment energy insurance, political risk insurance, high value property, Marine insurance, war and terrorism risks, etc. Ironshore's main market is the United States, Bermuda and the market, the vast majority of customers is the enterprise, the agent service channels.
7. Xinchao industry $1.62 billion for the oil field
On November 1, xinchao industry (600777. SH) announced a price 2.21 billion yuan ($320 million) acquisition of zhejiang Ä treasure industrial investment co., LTD. (hereinafter referred to as "zhejiang Ä treasure") 100% stake, which main asset is located in the United States Texas Crosby county Per - mian basin of assets; After a week, xinchao industry just for $1.3 billion, the acquisition of ningbo ding light huitong equity investment center (hereinafter referred to as "ding light huitong") full ownership, the latter will through overseas subsidiary company's acquisition of the Permian basin Texas oil field assets.
According to the observer is understood, xinchao industry based on a local state-owned enterprises, formerly MouPing county woolen mill, was founded in 1985. In 1993, MouPing woolen mill officially received today the name "xinchao industry". In 1993, with a lot of local state-owned enterprises, xinchao industry also has carried on the shareholding system reform, formal ownership, the Shanghai stock exchange.
Business letter to protect life insurance $1.57 billion acquisition of the United States
On November 10, business insurance group, announced that the price of $26.80 per share, an American corporation life insurance company, became the first buying American life insurance company of China insurance companies. According to the corporation life 58.4 million equity calculation, it the offer need to pay about $1.57 billion.
It is understood that the corporation life insurance company was founded in 1959, listed on the New York stock exchange in December 2013, has 50 states insurance sales license, services, mainly to provide pension and life insurance company fixed annuity market share ranks the sixth in 2014, operating in good condition.
9. The state's $1.46 billion takeover of Australia Pacific hydro electricity
According to England "financial times" web site reported on December 17, China's national () for national electric power investment group has acquired Pacific hydropower renewable energy companies signed an agreement, this is the latest in a series of china-australia infrastructure deal.
Australia large pension funds IFM Investors16 day said, has signed an agreement with the national electrical shots, its in Australia, Chile and Brazil has 19 hydropower and wind power electricity for electricity and sold to the Pacific countries. IFM did not disclose the purchase price, but local media estimated price of more than 2 billion Australian dollars ($1.46 billion).
10. Jinjiang hotel's $1.42 billion takeover of the Louvre group
On March 1, Shanghai jin jiang international hotels (group) co., LTD. Joint communique with starwood capital group, has completed the Louvre group, a wholly owned subsidiary and the Louvre hotel group's 100% stake in the transfer. Through starwood capital related party Star SDL Investment Co., the Louvre group was sold to a wholly owned subsidiary of jinjiang stake in Luxembourg, total cost of 1.3 billion euros.
The data shows, jinjiang shares owned and operational budget and mid-range hotel a total of 1215, total more than 140000 rooms. As the single largest shareholder of the company, jinjiang hotel, with a 50.3% stake. Louvre hotel group is Europe's second largest hotel group, with over 1100 hotels in more than 40 countries, the total number of more than 90000 rooms.
