China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | May 21, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News


Shanghai Pharma weighs rival bid for Germany's Stada
Shanghai Pharmaceutical Holding Co Ltd said it may bid for Stada Arzneimittel AG - a move that would pit it against buyout firms Bain and Cinven which have made a joint offer of nearly $6 billion for the German generics drugmaker.

The Chinese company said in a filing it had recently discussed the matter with "a couple of financial investors" but added it had not made a concrete offer and there were still many uncertainties. Shanghai Pharma, which has a market value of $9 billion, needs to submit its bid by June 8 if it wants to challenge an existing 66 euro-a-share bid by Bain and ...

By: ChinaDesk | May 14, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News


China's $246 Billion Foreign Buying Spree Is Unraveling
After stunning the world with a record $246 billion of announced outbound takeovers in 2016, Chinese dealmakers are now struggling to cope with tighter capital controls and increasingly wary counterparties. Cross-border purchases plunged 67 percent during the first four months of this year, the biggest drop for a comparable period since the depths of the global financial crisis in 2009.


Andre Loesekrug-Pietri, founder and managing partner of A Capital, a private equity fund specializing in Chinese outbound investments, doubts if 2017 could match the $170 billion worth of Chinese investments m...

By: ChinaDesk | April 28, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News

China’s Didi Chuxing is raising up to $6 billion at a valuation of over $50 billion
Didi Chuxing, the on-demand giant that drove Uber out of China, is set to become the world’s second-highest valued tech startup. Less than a year after raising almost $3 billion, Chinese ride-hailing giant Didi Chuxing is on the cusp of adding a further $5 billion or more to its arsenal.

 

Reading between the lines, this investment looks as much like SoftBank Group Corp. pushing money onto the four-year-old company. Clearly, Masa is a fan of the collaborative approach being taken by Didi, which stands at loggerheads with Uber's combative style. That...

By: ChinaDesk | April 22, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News


DUET says Australian government approves $5.5 billion takeover by CKI consortium
Australia's DUET Group on Friday said it had been advised by Cheung Kong Infrastructure Holdings (CKI) that the Australian government has approved the Hong Kong company's $5.5 billion consortium-led takeover offer.

In approving Li Ka-shing's takeover bid for Australia's electricity and gas utility Duet Group, the country's Treasurer Scott Morrison is admitting that the horse on foreign infrastructure investment has already bolted.

 

China's Bitauto raises $1 billion from internet giants Tencent, Baidu
Auto portal Bitauto Holdings Ltd has recently raised $1 bi...

By: ChinaDesk | April 20, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News

China's Bright to sell Weetabix to Post Holdings in $1.76 billion deal
China's Bright Food Group Co Ltd has agreed to sell iconic British cereal brand Weetabix to U.S. cereal company Post Holdings for $1.76 billion, a spokesman for the Chinese conglomerate said on Tuesday.

 

Bright Foods sells brand to US owner of Shredded Wheat and Bran Flakes after too few Chinese choose Weetabix for brekkie. The unchallenging cereal biscuit has failed to find favour in the far east – it couldn’t compete with the pork buns.

 

Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B
Ant Financial, the Aliba...

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