A record $128.3 billion is invested in United States by Asian companies in 2016. This amount is 50 percent more than the $66.6 billion spent in 2015. China was the principal driver of this growth, displacing Japan as the biggest Asian acquirer. Chinese companies invested about $67 billion in total. Investors from Japan put in $32.6 billion. This is a vast change. Even in 2015, Japan led the pack with $34.4 billion while the Chinese were a lowly third with $11.9 billion. Other Asian acquiring countries were South Korea, Singapore and Australia. The biggest deals made by Asian acquirers are:
Avolon’s $10 billion buyout of CIT Group
Avolon, subsidiary of HNA, the Chinese conglomerate, bought the aircraft leasing business from the New York headquartered bank, CIT Group for about $10 billion. HNA, after its acquisition of CIT’s business of leasing aircrafts, will enjoy being one of the biggest jet fleets in the globe. This deal will be finalized during the early months of 2015.
Samsung to purchase Harman International Industries
Samsung Electronics of Korea has made a deal announcement. It is all set to purchase the American audio company for about $8 billion. This deal will provide Samsung with a considerable presence in the booming market for automotive electronics and connected technologies. Both of these are priorities for the Samsung conglomerate.
Hilton Worldwide stake sold to HNA
About $6.5 billion will change hands when HNA will purchase a 25 percent share in the Hilton Worldwide hotel chain. This move was a component of HNA’s efforts to increase its presence in global tourism. The seller was the Blackstone Group.
Ingram Micro sold off
HNA purchased Ingram Micro, the American technology distributor, for about $6.3 billion. This deal was the biggest US IT company acquisition by a Chinese company. There were regulatory hurdles in finalizing the deal in both China and the United States. They were resolved.
Endurance Specialty Holdings sold off to Sompo Holdings
Sompo Holdings, the Japanese insurer, has announced its intention to purchase Endurance Specialty Holdings, the American casualty insurance provider for about $6.3 billion. This deal was one of a number of acquisitions by insurers in Japan to broaden their worldwide presence.
Komatsu buys Joy Global
The American subsidiary of Komatsu-the Japanese construction equipment company- has inked a deal to purchase Joy Global fpor approximately $3.7 billion. Joy is headquartered in Wisconsin and manufactures mining machines.