(PRWEB) August 28, 2012
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports merger and acquisition activity in the first half of 2012 in China has dropped significantly with a 33 per cent decline in announced deal numbers and a marked 10 per cent decline in deal value.
Big4.com also reports that PwC sees the global economic challenges gripping leading economies in Europe, the United States and China as one of the big drivers. However, Chinese outbound deal values managed to maintain their levels close to 2011 (down only 6 per cent) but the real highlight is that the value of these deals has tripled compared to the rather low first half of 2011 and are on track to exceed 2011 full year numbers.
PwC Greater China Private Equity Group Leader David Brown says China is taking advantage of overseas markets.
"These trends will likely continue and the number and size of transactions will grow driven by a number of factors including the increasing experience and confidence of the participants," he said.
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- Kristy Short