M&A Pulse in APAC

The Asia Pacific M&A Newsletter
brought to you by
Natixis, Vermilion Partners and Azure Capital

Issue 8

INTERNATIONAL WOMEN'S DAY 2023

Embracing Equity, the Importance of Sponsorship, and the Value in Having a Sense of Humor

14 Mar 2023

Ahead of International Women’s Day, Miranda Zhao sat down with Tammy Sheffer, Chief Operating Officer of Solomon Partners.

Can M&A Drive Change Through Diversity, Equity and Inclusion?

14 Mar 2023

The M&A industry is perhaps wonderfully positioned to drive change from a Diversity, Equity and Inclusion (DEI) standpoint.

EDITORIAL

The Great Rethink: M&A in a VUCA World

14 Mar 2023

Three major themes continue to dominate: China, India, and companies rethinking their Modus Operandi (MO), driving M&A dealmakers to pursue new strategies.

Dealmaking (R)evolution – AI, ESG and M&A

14 Mar 2023

Prior to the pandemic, dealmakers had already begun approaching transactions with a greater emphasis on “ESG positive” features. Yet, the focus was largely on the environmental ("E") criteria, with the governance ("G") and social (“S”) aspects falling somewhat by the sidelines.

FOCUS ON....
 

Four Years of Partnership - In Conversation with...Simon Price

14 Mar 2023

Azure Capital joined Natixis CIB’s M&A Network in May 2019. To mark the fourth anniversary of being part of the network, M&A Pulse sat down with Simon Price.

China Forecast - Partly Cloudy

14 Mar 2023

China has “reopened” ... The removal of almost all zero-Covid protocols and cross-border travel restrictions has led to an undeniable (and unsurprising) improvement in sentiment on the ground in China.

ECONOMIC SPOTLIGHT

Alicia Garcia Herrero, Chief Economist, Asia Pacific, Natixis

Winners in ASEAN and India Amidst a Hawkish Fed, China Rebound and a Structural Shift of FDI, Infra and Energy

Discover the Countries in Southeast Asia and India that will best capitalize on the tectonic shift in trends of the cyclical stress of higher-for-longer USD rates and a boost from China rebound, to a structural shift of escalated US-China tensions, FDI investment attractiveness, and policy focus to prioritize much-needed infrastructure and energy investment.

Further Reading 

*For the full text of the report, please contact Natixis Asia Pacific Communications 

NETWORK IN THE NEWS

Azure Capital Named Australia Mid-Market M&A Financial Adviser of the Year by Mergermarket

Mergermarket's Australia M&A Awards 2022

Meet FinanceAsia's Editorial Board

Raghu Narain joins FinanceAsia's inaugural Editorial Board, helping to to shape content coverage over the course of 2023.

Zen Energy readies cash call to build power generation, Azure on board

Green electricity retailer and installation business Zen Energy's ambitions to build power generation and storage of its own.

Onsite Rental sells to Malaysia’s Sime Darby for $635m

Azure Capital  advising Sime Darby Berhad on the acquisition of Onsite Rental Group.

Wirsol gets $1b odd for its solar farms; Petronas’s Gentari buys

Azure Capital advised WIRCON GmbH on the sale of WIRSOL Energy to Gentari.

Wangara Company Sold for $125m

Drilling services company MTi Group has been sold by local private equity group Viburnum Funds, advised by Azure Capital. 

Geopolitical tensions, sustainability goals to continue to drive Asia-Pac M&A in 2023

Raghu Narain shared his view on the outlook for the APAC M&A market in 2023.

Finance M&A deals to pick up in Asia on China reopening, valuation reset

Miranda Zhao shared her views on the factors impacting M&A deals in Asia-Pacific.

Private Equity Surges in China as Broader M&A Market Stalls

Miranda Zhao shared her views on China related M&A .

DEAL SNAPSHOT
 

NEW FACES
 

 Lewis Walden

Lewis Walden

Senior Associate
Azure Capital

Joël Magalhães

Joël Magalhães

Associate
Azure Capital

Sebastian Bajada

Sebastian Bajada

Analyst
Azure Capital

Finty Clowry Steele

Finty Clowry Steele

Analyst
Azure Capital

Philip Nguyen

Philip Nguyen

Analyst
Azure Capital

Fergus O'Donnell

Fergus O'Donnell

Analyst
Azure Capital

Arkia Toufan

Arkia Toufan

Analyst
Azure Capital

INDUSTRY TRENDS
 

Greater China M&A By the Numbers: Q4 2022

In 2022, Greater China had 2284 M&A deals worth US$208.2bn. Comparing against 2021, the domestic and inbound volume showed a massive decline by 817 deals.

Reopening of China’s economy to unleash M&A activity in 2023

There will be more opportunities to conduct M&A deals this year for the new-energy vehicle industry’s strong players.  More acquisition deals also expected in China’s property sector

China M&A deals set for rocky ride after hitting near decade low

China's M&A deals could struggle in 2023 after volume plunged by 20% last year to $486 billion, the lowest level since 2014, in a downturn stoked by caution over investing in the country.

Japan-related M&A activity will remain strong in 2023

The relatively weaker yen has spurred an uptick in inward investment and outward deal flow has remained steady, demonstrating the general resilience of the Japanese market and continued focus on international business growth.

Global banks see M&A openings in post-crisis Indonesia

Investment banks are projecting a flurry of merger and acquisition activity in Indonesia this year – some driven by sustainable growth prospects, others by distress

India M&A deal size hit record levels, up 139%

India has witnessed a record growth of 139% in overall M&A deal size, driven by record levels of cash and availability of assets.

Australia's M&A industry drops to pre-pandemic levels

 In line with global trends, Australia’s mergers & acquisitions industry declined sharply in 2022.

Australia M&A by the Numbers: Q4 2022

In Q4 2022, there were 348 M&A deals in Australia worth US$23.7 billion, and the transaction value decreased by 52.2% compared with Q4 2021. 

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