Korea's M&A deals contract 67% in Q3 amid higher borrowing costs
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
According to the league table for the third quarter compiled by Maeil Business Newspaper on Thursday, a total of 7.11 trillion won was traded for corporate acquisitions, down 67 percent from 21.4 trillion won in the same period last year. In terms of cumulative figures for the first nine months of the year, the amount reached 26.27 trillion won—around half of 50 trillion won in the same period a year ago.
Of all the deals, only two exceeded 1 trillion won – SD Biosensor’s 1.99 trillion won deal to buy U.S.-located Meridian Bioscience and SK materials airplus’1 trillion won deal to sell its industrial gas production facility to Canadian firm Brookfield.
During the same period last year, six deals were over 1 trillion won as firms, such as Netmarble and DTR Automotive, made big bets in the robust market.
M&A activities dwindled mainly because PEFs, which deal about 80 percent of domestic M&As, stayed away from M&As in the quarter, according to investment banking sources. “Institutional investors are reluctant to take part in PEF deals,” said Park Dae-joon, Samil PWC partner in the deal advisory division. “Headwinds will likely hang over in the market until the end of the fourth quarter because investors are uneasy with lingering market uncertainty.” Park expects recovery in the M&A market in the first quarter of next year.
Foreign investment banks topped the rankings for M&A financial advisory in the doldrums as they led domestic firms’ buyout deals of overseas firms. Rothchild & Co. ranked first, recording a total value of 2.42 trillion won, followed by Piper Sandler with 1.99 trillion won. They both advised SD Biosensor’s buyout of Meridian Bioscience. Credit Suisse Securities ranked third with 1.77 trillion won for its advisory service to SK materials airplus for selling its industrial gas production facility to Brookfield. It is currently leading Hanwha’s buyout deal of Daewoo Shipbuilding & Marine Engineering, which is expected to be completed by the end of this year.
As to accounting advisory, Samil PwC kept its No.1 position for three consecutive quarters. Kim & Chang took the largest chunk for legal advisory service, participating in deals worth 7.66 trillion won.
[ㄏ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- South Korea considers electricity bill hikes - Pulse by Maeil Business News Korea
- KG Group Chair Kwak, new SsangYong CEO, meets SNAM CEO for KD supply - Pulse by Maeil Business News Korea
- Kospi touches this year’s new low below 2,150 on Friday - Pulse by Maeil Business News Korea
- S. Korea’s factory output fall for 2nd mo in Aug., consumption, capex jump - Pulse by Maeil Business News Korea
- BOK to issue $6.9 bn in MSBs in Oct. - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- AI가 실시간으로 가격도 바꾼다…아마존·우버 성공 뒤엔 ‘다이내믹 프라이싱’
- 서예지, 12월 29일 데뷔 11년 만에 첫 단독 팬미팅 개최 [공식] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이