Monthly M&A Insider: July21 July 2009

This is the definitive crib sheet to see what is happening in global M&A. This edition comprises of over 200 pages of comment, data and statistics on the key issues in key M&A territories.

Table of Contents

1. Introduction

2. Banking M&A in France

3. The US fund management industry takes the spotlight

4. Buyout firms continue to eye Chinese consumer assets

5. North America

6. Latin America

7. Asia-Pacific

8. China

9. Japan

10. Australia

11. Europe

12. UK

13. Germany

14. France

15. Italy

16. Benelux

17. Iberia

18. Nordic

19. CEE/CIS

20. Russia

Private equity finds its feet The last couple of weeks have seen notable activity from private equity firms across the globe with 15 transactions coming to the market, worth a combined US$1.64bn. Such level of activity adds further credence to the viewpoint that the asset class is beginning to finally find its feet in the wake of the fallout from the global financial crisis. Indeed, since the beginning of June there have been over 140 announced deals collectively worth US$13.86bn which represents a significant 19% volume and value share of overall 2009 activity.

One of the largest deals recently was seen in Greater China where Hopu Investment Management and China National Oils, Foodstuffs and Cereals Corp (COFCO) moved to acquire a 21.23% stake in China Mengniu Dairy Company for US$790m through the purchase new and existing shares. This transaction is the just the latest in a list of noteworthy buyouts that Hopu Investment Management has undertaken in 2009. Indeed, at the beginning of the year Hopu acquired a 4.26% stake in Bank of China for US$2.38bn and just last month the fund was also part of a consortium that purchased a 5.78% stake in China Construction Bank for US$7.32bn.

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