Cross-Border Bulletin: July 2019
Cross-border M&A experienced headwinds in the first half of 2019, evidenced by an 18.5% decline in the number of cross-border M&A transactions compared to the first half of 2018. These headwinds, as we discussed in our January issue of the Cross-Border Bulletin, can be attributed to a global movement towards protectionism instituted through stronger enforcement by CFIUS and other like minded policies around the world. Notably, the number of outbound Chinese M&A transactions, especially to western nations, declined 31.2% in the first half of 2019.
In Vol. IV of the Cross-Border Bulletin, we discuss the following:
- Chinese outbound M&A persists despite challenges
- Deals find path to completion in 2018
- Inbound M&A outpaces outbound activity in France
- Country focus: Italy
- Sector focus: Cybersecurity