China’s surge in outbound M&A activity this year is helping drive Asian annual outbound M&A to record levels, hitting a high of US$ 200 billion between January to September 2016, surpassing 2015’s full year M&A Asian outbound deal value of US$ 199.6 billion according to data from Mergermarket. The data includes recent purchases such as Zhongwang International’s US$ 2.3 billion acquisition of U.S. aluminum manufacturer Aleris which was announced in August this year.
With 173 deals worth US$ 128.7 billion, China has accounted for 64.3% of Asian outbound M&A value so far this year. Nearly 60% of China’s outbound M&A deal value (US$ 76.5 billion) and volume (101 deals) went into European businesses.
US$ 72.3 billion worth of Chinese outbound M&A deals have been made in businesses in the Industrials and Chemicals sector commanding the lion’s share of Chinese outbound investment so far this year.
China’s outbound M&A deal value between January and October this year has increased 228% from the same period last year according to data from Bloomberg.