The European Union Chamber of Commerce in China, The Benelux Chamber of Commerce in China, the British Chamber of Commerce in China, the China-Italy Chamber of Commerce, the Singapore Chamber of Commerce and Industry in China, the Spanish Chamber of Commerce in China, the Canadian Chamber of Commerce and the Swiss Chinese Chamber of Commerce are delighted to invite you to a seminar on the Mergers and Acquisitions on Friday, 15th April at Renaissance Beijing Capital Hotel (map)
Research on M&A operations suggests that more than 50% of M&A operations do not create value. Some failures are due to post-M&A problems but many do arise due to valuation issues: the price was “not right”. The aim of this presentation is to look at the practice of Private Equity funds and financial investors and the factors that influence valuations: how to make the price “right”.
Investors do look at more than just at projections (income approach). Other important aspects to bear in mind when doing a M&A operation include information from listed companies/similar deals do matter but other aspects can modify value greatly such as noncore assets, off-balance sheets items, contract terms in the Sales and Purchase Agreement.
We shall look at these issues from a practical point of view by analysing several cases of PE funds investments in target companies in China: what were the issues and analysis of the practical solutions to these.
Hannah Cao will walk you through some of the typical legal due diligence issues in China deals that could impact the acquisition price.
Francois Magni will take us on a tour through some of the issues companies meet when doing an M&A operation and some r practical solutions to have the price “right”.
The Speakers:
Hannah Cao, Steptoe & Johnson LLP (bio)
Hui (Hannah) Cao is a senior associate in the China corporate practice at Steptoe & Johnson LLP Beijing Office and advises clients on various strategies for China market entry, including mergers and acquisitions, foreign direct investment and greenfield investments. She works proactively with clients to develop investment structures and execution plans. She also assists clients with merger and acquisition and joint venture negotiations, and advises clients on PRC regulatory matters relating to merger reviews, foreign exchange controls, etc.
Francois Magni,Deloitte (bio)
Francois Magni is an Associate Director for Deloitte Beijing office and has been working for Deloitte China since 2004. Francois is primarily engaged in merger and acquisitions, corporate valuation and project finance. He works mainly on infrastructure, power, real estate, IT and environment sector.
The Agenda:
08:00-08:30 Registration
08:30-09:30 Presentations
09:30-10:00 Q&A
About the Private Equity and Strategic Mergers & Acquisitions Working Group at the European Chamber
The European Chamber’s Private Equity and Strategic Mergers & Acquisition Working Group seeks to achieve a level playing field for all market participants, both Chinese and foreign. Secondly, the Working Group aims to provide a credible platform of exchange and expertise among active players in the PE and M&A sector.
For more information about the Private Equity and Strategic Mergers & Acquisition Working Group in Beijing, please contact Mr. Xavier-Lluis Sans Powell at xsanspowell@euccc.com.cn
Event Terms & Conditions
Please note that only European Chamber Beijing Local member is eligible for member price.
And though all are welcome to attend our events, we strongly recommend that you register online with us in advance so that we can keep you updated on any changes in the event schedule. From time to time, due to unforeseen circumstances we need to change the time or venue of an advertised event. So please do let us know by registering online if you plan to attend an event so that we can keep you informed.
To register for this event please register online. Please note that we will send you a registration confirmation. We require 24 hours notice for cancellations. For any further enquiries or registration, please contact us at bj_events@euccc.com.cn
Please note that registration starts at 08:00, and the seminar starts at 08:30. Fees will be collected in cash at the entrance.
Please be advised that the media is normally allowed to attend all EUCCC public events unless otherwise stated, on the condition that no one attending these events quotes participants by name (the "Chatham House Rules").