Asia Access Quarterly: Q1 2022 & Outlook - References

Search criteria for all charts and data outputs from Mergermarket (unless otherwise indicated):

Japan:

Target Sector is (blank); Target Geography is (non Japan); Target Company name is (blank); Buyer Geography is Japan; Target or Buyer or Seller sector is (blank); Free text search - (blank); Value in EUR (m); Transaction type is Acquisition or Demerger or Divestment or Reverse take over or Merger; Undisclosed value deals are included; Announced date between 01/01/2022 - 31/3/2022

China:

Target Sector is (blank); Target Geography is (non China and non Hong Kong (China) ); Target Company name is (blank); Buyer Geography is China or Hong Kong China; Target or Buyer or Seller sector is (blank); Free text search - (blank); Value in EUR (m); Transaction type is Acquisition or Demerger or Divestment or Reverse take over or Merger; Undisclosed value deals are included; Announced date between 01/01/2022 - 31/3/2022

South Korea:

Target Sector is (blank); Target Geography is not South Korea; Buyer Sector is (blank); Buyer Geography is South Korea; Target or Buyer or Seller or Advisor company is (blank); Free text search - (blank); Announced date between 01/01/2022 - 31/3/2022; Transaction type is Acquisition; Non-qualifying deals are Excluded; Lapsed deals are Excluded

India:

Target Sector is (blank); Target Geography is (blank); Target Company name is (blank); Buyer Geography is India; Target or Buyer or Seller sector is (blank); Free text search - (blank); Value in USD (m); Undisclosed value deals are included; Announced date between 01/01/2022 - 31/3/2022.

Southeast Asia:

Target Sector is (blank); Target Geography is Southeast Asia; Buyer Sector is (blank); Target or Buyer or Seller sector is (blank); Free text search - (blank); Completed date between 01/01/2022 - 31/3/2022.

Overview

[1] Mergermarket (JPN) (CHN), Mergermarket, 1 January to 31 March 2022 (see Japan & China criteria above)

[2]Mergermarket (JPN), Mergermarket, 1 January to 31 March 2022 (see Japan criteria above)

[3] Mergermarket (CHN), Mergermarket, 1 January to 31 March 2022 (see China criteria above)

[4] Mergermarket (SKR), Mergermarket, 1 January to 31 March 2022 (see South Korea criteria above)

[5] Mergermarket (SEA), Mergermarket, 1 January to 31 March 2022 (see Southeast Asia criteria above)

[6] Mergermarket (IND), Mergermarket, 1 January to 31 March 2022 (see India criteria above)

[7] Japan's top business lobby wants to see 100 unicorns by 2027, NikkeiAsia, 12 March 2022

[8] IPOs have seen a slight dip, but remain high averaged over the past five years, CBNC, 5 April 2022

[9] India will have over 250 unicorns by 2025: report, The Economic Times, 18 April 2022

[10] Renewables push drives M&A in Japan’s energy sector, White & Case, 5 May 2022

[11] China Q1 2022 Economic Data Overview, China Briefing, 29 April 2022

[12] Korean Auto Industry Frets About New President’s Clean-Car Goal, Invest Korea, 1 May 2022

[13] Singapore’s Increased Carbon Tax Signals Urgent Need to Decarbonise, Northmore Gordon, 26 April 2022

[14] Billions are pouring into the business of decarbonisation, Economist, 19 August 2021

[15] Mergermarket (JPN), Mergermarket, 1 January to 31 March 2022 (see Japan criteria above)

[16] Mergermarket (SEA), Mergermarket, 1 January to 31 March 2022 (see Southeast Asia criteria above)

[17] Mergermarket (IND), Mergermarket, 1 January to 31 March 2022 (see India criteria above)

Regional commentary

[1] Mergermarket (JPN), Mergermarket, 1 January to 31 March 2022 (see Japan criteria above)

[2] Mergermarket (JPN), Mergermarket, 1 January to 31 March 2022 (see Japan criteria above)

[3] Buy now - Japan Inc gears up for tech M&A spree, ION Analytics, 4 October 2021

[4] Mergermarket (JPN), Mergermarket, 1 January to 31 March 2022 (see Japan criteria above)

[5] Japan M&A: The Emergence of Transformative M&A, Bain & Company, 8 February 2022

[6] China: First quarter economic growth slightly tops forecast, DW, 18 April 2022

[7] Shanghai lockdown: China spending and employment hit, BBC, 18 April 2022

[8] China Industrial Production, Trading Economics, April 2022

[9] Mergermarket (CHN), Mergermarket, 1 January to 31 March 2022 (see China criteria above)

[10] South Korea M&A Looks Steady and Strong Into ’22, Intralinks, 24 January 2022

[11] Materials, parts makers drive Korea's 2021 M&A boom, Ked Global,

[12] Mergermarket (SEA), Mergermarket, 1 January to 31 March 2022 (see Southeast Asia criteria above)

[13] India will have over 250 unicorns by 2025: report, The Economic Times, 18 April 2022

[14] India’s High Growth Rate Positive News For World: IMF Managing Director, Outlook, April 2022

[15] Tech Mahindra has made its 8th acquisition in 10 months, but all that may not be enough to drive growth, Business Insider, 18 January 2022

[16] Persistent Systems to acquire two US firms for nearly $60m, The Capital Quest, 29 September 2021

In focus: Rise of PEs in Japan

[1] Recent Revisions to Japanese Tender Offer Rules: Toward Transparency and Fairness, Jones Day, June 2007

[2] Sources from: Mergermarket: Jan 2011 – Dec 2021, Target geography : Europe, Seller geography : Japan

[3] Analysis: Japan's controversial cross-shareholdings get second wind after court battle, Reuters, 10 November 2021

[4] Bank-firm Cross-shareholding in Japan:What is it, why does it matter, is it winding down?, DES, February 2001

[5] Survey Finds 28% of New Employees in Japan Plan to Leave Company Within Three Years, Nippon, 27 October 2020

[6] MARR: Criteria: any deal size;  control deals where Private Equity located in Japan (but of any nationality) was a buyer and/or a seller;  deal counterpart any nationality and any company type

[7] 事務局説明資料 ～グローバル競争で勝ちきる企業群の創出について～, Meti, 31 March 2021

[8] Mergermarket (JPN), Mergermarket, 1 January to 31 December 2021 (see Japan criteria above)

[9] “The future of Alternative 2025”, Preqin, 4 December 2020

[10] “The future of Alternative 2025”, Preqin, 4 December 2020

[11] “The future of Alternative 2025”, Preqin, 4 December 2020; 2021 data updated manually with the latest Preqin data as published for each segment