Deal Making in Uncertain Times - A Deep Dive into Asia Pac
As 2019 came to an end, Refinitiv surveyed 450 senior professionals in the investment banking community about their hopes and fears for the year. Our Annual Deal Makers Sentiment survey revealed an increasingly optimistic attitude about M&A and capital markets in 2020, with 47 percent anticipating growth in M&A volumes this year - COVID-19 burst the optimism.
In the final months of 2019 Asian deal makers drove M&A optimism, who anticipated a stronger M&A global growth rate, +10.4%, than American and EMEA counterparts.
To what extent has the global pandemic impacted deal making in Asia Pac?
Join Elaine Tan, Senior Analyst, Refinitiv Deals Intelligence for a deep dive into deal trends in Asia Pac.
INVESTMENT BANKING FEES
- Asia Pacific, excluding Japan, investment banking fees reached an estimated US$5.0 billion during the first quarter of 2020, an 8.8% decline from the comparative period last year.
- Equity capital markets (ECM) fees totalled US$1.1 billion, up 22.9% from a year ago the strongest first quarter period since 2018.
- Debt capital markets (DCM) underwriting fees amounted to US$2.8 billion, a 4.8% decline from a record start last year, but still elevated compared to historical levels.
- Fees generated from completed M&A transactions fell to an eight-year low and totalled US$473.1 million, down 39.2% from the same period last year.
MERGERS & ACQUISITIONS
The value of announced M&A deals involving Asia Pacific companies, excluding Japan, started slow and reached US$189.6 billion during the first quarter of 2020, down 2.5% in value from a year ago, making it the lowest first quarter period since 2014.
Date: Tuesday 26 May 2020
Time: 2:00PM HKT/SGT / 3:00PM JST/ 4:00PM AEST
Location: Webcast - Register for details
Topic: Asia Deal Making
Moderator- Catherina Guinto-Roldan – Director, Asia Pacific & Japan Contributions, Refinitiv
Elaine Tan, Senior Analyst - Refinitiv
Steve Garton – Asia Editor, IFR Asia
Senior Analyst, Deals Intelligence - Refinitiv
Elaine Tan is a Senior Analyst, Deals Intelligence within Refinitiv’s Investing and Advisory Division in Asia Pacific.
Through regular research reports and analysis she provides insights into capital markets, M&A and deal trends in Asia Pacific, including Japan and China. Elaine’s research has been featured in various financial publications including Financial Times, South China Morning Post, and Nikkei.
She works in close collaboration with the regional PR team, and has been quoted in a number of prominent media publications across the region, such as Financial Times, EJ Insight, 21st Century Business Herald, Caijing, and The Economic Times.
Elaine joined Thomson Reuters in 2010 and spearheaded many important initiatives for Deals Intelligence in the region, building a presence in China/Hong Kong, Singapore, India, Japan, and Australia.
Prior to this appointment, Elaine worked at Taylor Rafferty, where she provided stock surveillance reports and peer group monitoring for corporate clients.
From 1998-2003, Elaine worked for Thomson Financial as a member of the Corporate Services team.
Asia Editor, IFR Asia
Steve Garton is Asia editor at IFR, where he is responsible for all editorial content in the Asia Pacific region. He leads a team of reporters and editors in Tokyo, Beijing, Hong Kong, Singapore and Sydney, focusing on capital market financings across the region.
Steve has covered bond, loan and equity markets in Asia since he moved to Hong Kong in 2005, and has hosted seminars at the IMF and ADB annual meetings, as well as HKEX conferences and other industry events. Before joining IFR, he spent more than 8 years at UK publishing house Euromoney Institutional Investor, writing and editing for various financial publications in London and then Hong Kong. He is married with three children.
The International Financing Review (IFR) is published by Refinitiv, formerly the financial and risk division of Thomson Reuters. It is known as the leading provider of intelligence on international capital markets financings, offering real-time, daily and weekly news on major debt and equity offerings to a professional audience. IFR’s flagship weekly magazine has been printed since 1974, and the Asian edition since 1997. All of IFR’s coverage is also available to users of Refinitiv’s Eikon desktop.
Moderator- Catherina Guinto-Roldan
Director, Asia Pacific Contributions- Refinitiv
Catherina Guinto-Roldan is the Director for Asia Pacific Contributions within Refinitiv’s Contributor Relations & Capital Markets Insight, who works with thousands of current and prospective contributing desks in the region. Covering contributed content across M&A, Equities, Bonds, Loans, Private Equity, Research & Estimates, Funds and OTC Pricing, Catherina currently leads her team located in various parts of Asia Pacific & Japan as they serve as the primary liaison to the contributor community in the region to keep the data flowing through Refinitiv’s platform.
Catherina has twenty years worth of experience in the financial and information services industry. She started her career as Research Analyst for Mergers & Acquisitions at Thomson Financial and has managed the M&A Research team for Asia, Europe and eventually moved to Japan. She eventually managed the Japan Deals Contributor Relations team for Thomson Reuters and was later named the Head of Japanese Contributions and OTC Asia, followed by head of Asia Contributions.