mergermarket Japan M&A Round-Up Q1 2009
HONG KONG, Apr. 8 /PRNewswire-Asia-AsiaNet/ --
Japan Has Overtaken China This Quarter as the Most Active Country in Asia-Pacific
Japan has overtaken China in the first quarter of 2009 as the most active
country in the Asia-Pacific region for the first time in five years. Japanese M&A
accounts for 28% of the number of Asia-Pacific deals, while Chinese activity
makes up 25%, according to mergermarket, the independent M&A intelligence
provider.
The mergermarket Japan M&A round up Q1 2009 released today reports that in
the face of imminent recession, Japan uniquely shows a steady deal flow in the
M&A market. In the first quarter of 2009, Japan has seen the announcement of 109
deals, 65% more than the previous quarter. While there have been no mega- deals
in the year to date to drive up the total value of Japanese M&A, the mid-market
(deals valued between US$10m and US$250m) has increased both in value and in
volume and retained pre-crisis levels of activity.
After a significant increase in 2008, outbound deals have gone down both in
value and in volume. While there were a few large acquisitions in this quarter
such as Kirin's transaction with San Miguel, its scale does not compare with
Mitsubishi UFJ's acquisition of partial stake in Morgan Stanley or Takeda's
acquisition of Millennium Pharmaceuticals in 2008. Although most of them are
smaller in size than last year, Australasia and South East Asia made up a large
portion as the target geography of Japanese outbound M&A this quarter, instead of
the US or European nations. With inbound deals also limited in number, the data
shows that most of transactions in Q1 2009 took place between domestic companies.
Nomura Holdings already the biggest financial advisor in Japan, has expanded
its role beyond the domestic market. With the acquisition of Lehman Brothers'
European and Asia-Pacific operations last year, Nomura's presence has increased
significantly overseas. Not only has it again swept all the top spots for
Japanese league tables in Q1 2009, Nomura also ranks among the top 20 financial
advisors in the global league tables.
For the full report, please visit this link
About mergermarket
mergermarket is an independent Mergers and Acquisitions (M&A) intelligence
service, with the largest network of dedicated M&A journalists on the ground in
65 locations across the Americas, Europe, Asia-Pacific, the Middle-East and
Africa.
Contact:
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Tel: +852-2158-9706
Email: seye.im@mergermarket.com
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