This paper provides a comprehensive study of the M&A environment in distressed times. It incorporates research on relevant M&A activity and economic cycles to draw a clearer picture of the M&A environment, and looks at the determinants of acquisitions of distressed and insolvent targets and measured differences in deal success.
Chinese companies are showing themselves to be a major force in global mergers and acquisitions (M&As). 2009 was a landmark year in Chinese deal value and volumes. However, not all have proven to be strategically sound in post-deal analysis. What insights are there to be learnt from China’s foray into international markets?