Cross-border M&A recovers in Asia as dealmakers look abroad for growth

Cross-border mergers and acquisitions involving companies in the Asia-Pacific region have recovered this year and are booming in Japan as businesses seek new growth after adjusting to cope with higher interest rates. The total announced value of such deals rose 25% year-on-year to $286 billion as of Sept. 30, LSEG data showed, with around 80% of them transacted with an entity outside the region. “There has been a notable pick-up in cross-border transactions as political stability returned to some markets just as pent up demand for investments and dealmaking and adjustments to higher interest rates began to drive M&A activity again,” said Andre Gan, a M&A partner at Wong & Partners, a member law firm of Baker McKenzie in Kuala Lumpur.Read More