Squire-Sanders-China-Report_For-release英文.pdf

A study of China Outbound M&A Trends by mergermarket, GLOBAL in association with Squire Sanders M&A SERIES ChinA OuT bOund M&A TrendS 2012 Published by: 02 CONTENTS Foreword 03 China Outbound M&A Trends 04 M&A Spotlight: Western Europe 11 Q&A: Mao Tong, Partner, Squire Sanders 16 About Squire Sanders 18 About mergermarket 20 glObAl M&A S erieS – CONTENTS 03 FOrEwOrd Welcome to China Outbound M&A – the third report in Squire Sanders’ Global M&A Series. The rise of China has been a focal point in the business media over the course of the past decade, and there is little doubt that Chinese demand has helped to prop up the world economy during historically volatile times. China’s rise is demonstrated quite clearly in its outbound M&A activities over the course of the past several years: overseas acquisitions from China have tripled since 2005 to a total of 177 transactions last year, while the total value of outbound M&A transactions increased nearly five-fold from 2005 to uS$63.1bn in 2011. This report breaks the Chinese M&A market out Thanks to cash-rich institutional investors – including, among others, China across hong Kong and the People’s republic of China national Offshore Oil Corporation (CnOOC), China Petrochemical Corporation, (PrC), and s