Hong Kong privatisation activity soldiers on as European and North American M&A grinds to a halt

24 April 2020 - 12:00 am UTC

Whilst Hong Kong privatization activity is being hampered by the same debt financing and travel restriction COVID-19 related issues afflicting M&A globally, the country continues to experience compelling public company deal catalysts, according to multiple M&A advisors and lenders.  
Hong Kong saw two listed privatisation announcements in April compared with zero new public company binding M&A announcements in North America or Europe, according to Dealreporter data, which tracks deals above USD 200m in equity value.
Reduced equity valuation drivers are behind Chinese SOE, controlling shareholders, and private equity interest in Hong Kong take privates, buyouts, and distressed M&A, said advisors. 

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