Japan's pursuit of overseas acquisitions not impaired by yen's drop
M&As abroad drove growth in Japanese dealmaking in the last decade until COVID-19 hit.
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M&As abroad drove growth in Japanese dealmaking in the last decade until COVID-19 hit.
Cash Piles, Hostile Bids Set Stage for a Wild Japan M&A Year Bloomberg 1/12/2021 Lisa Du (Bloomberg) -- Japanese dealmaking was resurgent in the second half of 2020, with acquisitions dropping only slightly from 2019 to about $140 billion after the pandemic depressed deals in the first half of the year. The momentum is likely to continue into 2021, M&A advisers say, with a pipeline of already agreed deals still to be announced. Pent-up demand, towering cash piles and external forces that could make 2021 among the most active years yet. “Japanese companies are heading into ...
Jan 12, 2021 Japanese dealmaking was resurgent in the second half of 2020, with acquisitions dropping only slightly from 2019 to about $140 billion (¥14.6 trillion) after the pandemic depressed deals in the first half of the year. The momentum is likely to continue into 2021, M&A advisers say, with a pipeline of already agreed deals still to be announced. Pent-up demand, towering cash piles and external forces that could make 2021 among the most active years yet. "Japanese companies are heading into 2021 with more cash and more firepower, having sold some non-core assets and consoli...