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M&A activity up in value in 2019

Released at: 17:05, 06/01/2020

M&A activity up in value in 2019

Photo: Viet Tuan

Mergermarket releases Asia-Pacific report on M&A activity, showing regional decline.

by Linh San

Mergermarket, an Acuris company, the leading provider of M&A data and intelligence, has published its 4Q19/2019 report with financial advisor league tables, which reveal that M&A activity in the Asia-Pacific region reached $565.3 billion across 3,735 deals last year; the lowest value since 2013 and smallest deal count since 2014.

Deal-making regained some momentum, however, in the fourth quarter ($165 billion across 1,049 deals), which was the largest quarterly value and deal count during 2019. Market share shrank to 20.4 per cent in 2018 to 17 per cent in 2019.

China and Hong Kong (China) - the largest contributors to M&A activity in Asia - saw global market share shrink from 11.4 per cent to 8.8 per cent over the same period, while deal value plunged 27.6 per cent year-on-year to $294.5 billion and volume declined 17.2 per cent year-on-year to 1,735 transactions.

M&A activity in Vietnam in 2019 reached $4.544 billion across 47 deals, compared with $3.532 billion across 56 deals in 2018.

Top 5 deals in Vietnam in 2019:

Deal Value ($mn) Announced Date Completed Date Target Company Target Dominant Country Target Dominant Sector Target Financial Advisor Target Legal Advisor Bidder Company Bidder Dominant Country Bidder Sector Bidder Financial Advisor Bidder Legal Advisor Seller Company
1.001 16/05/2019 21/05/2019 Vingroup Joint Stock Company  (6.15% Stake) Vietnam Real Estate Credit Suisse Latham & Watkins LLP SK Holdings Co., Ltd. South Korea Computer services,Computer software KPMG    
876 22/07/2019   Joint Stock Commercial Bank for Investment and Development of Vietnam (15% Stake) Vietnam Financial Services Morgan Stanley   Hana Bank South Korea Financial Services PwC Bae Kim & Lee  
500 09/09/2019   VCM Services and Trading Development Joint Stock Company Vietnam Consumer: Retail Credit Suisse   A consortium led by GIC Private Limited  Singapore Consumer: Retail   Latham & Watkins LLP  
400 12/11/2019   Vietcombank – Cardif Life Insurance Co., Ltd Vietnam Financial Services     FWD Limited Hong Kong SAR Financial Services     BNP Paribas Cardif SA; Joint Stock Commercial Bank For Foreign Trade Of Vietnam (Vietcombank)
303 19/07/2019 03/06/2019 Asian Coast Development Ltd Vietnam Leisure     Warburg Pincus LLC USA Financial Services   Latham & Watkins LLP Harbinger Capital Partners

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