Total Asian M&A volume was up 4% for the first half of the year, to $387.3 billion, a sharp contrast with trends elsewhere. And outbound acquisitions by Asian companies were up 21%,
according to Dealogic as cited in a Dow Jones report.
It's no secret by now that companies across Asia are looking for brands and distribution channels as they step onto the global stage. It was India's Tata Motors Ltd. that bought Jaguar and Land Rover from Ford Motor Co. for $2.3 billion in a
deal that closed earlier this month. A South Korean company and a Chinese company are among the front-runners
in the auction of General Electric Co.'s appliance business.
As if to reinforce the point, Monday morning South Korea's Dongwon Group confirmed that
it's buying the StarKist seafood business from Del Monte Foods Co.
And as we noted earlier Monday in a post on the 2007
acquisition of Bobcat by South Korea's Doosan Infracore Co. Ltd., Asian companies seem to be climbing the learning curve and figuring out how to make these deals work. -
Kenneth Klee
Join Corporate Dealmaker's LinkedIn forum
Juergen Lasowski
And the winners are...
