“While deals are seen dropping sharply in the first half, some private equity buyers are still negotiating with sellers despite travel restrictions, cities in lockdown.
China’s total M&A deal value fell 14 per cent in 2019 to US$559 billion, the lowest in five years, driven primarily by a sharp 37 per cent drop in outbound transactions, according to data released by PwC on Thursday.
Coronavirus won’t dampen Chinese dealmaking for long, says PwC
China’s mergers and acquisitions activity has taken a devastating hit from the health crisis gripping the country. But levels are likely to rebound in the second half of the year as some dealmakers press on with negotiations despite the travel restrictions and quarantine measures put in place to com…