On October 11, Luft released the 2024 third-quarter M&A report and ranking.
According to the Wise News APP, on October 11, Luft released the 2024 third-quarter M&A report and ranking. In the first three quarters of 2024, the total amount of M&A involving Chinese companies was $188.5 billion, a 14.1% decrease year-on-year, but a 50.4% increase from the previous quarter. The number of transactions announced has reached 3,058, a 19.5% decrease year-on-year, but a 3.8% increase from the previous quarter.
The total amount of overseas acquisitions by Chinese companies was $13.9 billion, an 8.1% decrease year-on-year. The total amount of transactions in which foreign companies acquired Chinese companies was $24.8 billion, a 27.7% decrease year-on-year. The total amount of domestic M&A was $138.5 billion, a 14.9% decrease year-on-year.
M&A transactions involving Chinese companies are mainly concentrated in the industrial sector, accounting for a market share of 21.18%, with a total amount of $39.9 billion, a 20.4% decrease year-on-year. The consumer industry ranks second with a market share of 14.32%, a total amount of $27 billion, a 134.9% increase year-on-year. The technology industry accounts for 13.96% of the market share, with a total amount of $26.3 billion, a 12% decrease year-on-year. China State Shipbuilding Corporation Limited has agreed to a stock-for-stock merger with China Shipbuilding Industry Group Corporation Limited worth approximately $10 billion, making it the largest M&A transaction involving Chinese companies in the first three quarters of 2024.
China International Capital Corporation ranked top in the 'Published China M&A Deals' leaderboard for the first three quarters of 2024, with a market share of 10.93% and a total transaction amount of $20.6 billion. Citic Sec ranked second with a market share of 10.02%, followed by China Securities Co., Ltd. with a market share of 7.52%. In terms of transaction quantity, the top three are Industrial and Commercial Bank of China, China International Capital Corporation, and Tianzhi International.
In terms of legal advisors, Jiayuan Law Firm, Shengxin Law Firm, and Fangda Law Firm ranked top three in the 'Published China M&A Deals' leaderboard by transaction total amount. By transaction quantity, the top three are Fangda Law Firm, Zhong Lun Law Firm, and Hankun Law Firm.