Taiwan: Sparking cross-strait M&A talk
SUPPLEMENT - THE 2009 GUIDE TO MERGERS & ACQUISITIONS - June 01, 2009
Lee and Li
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In 2008, the market in Taiwan saw a decrease in M&A activity compared to 2007. In 2007 there were 12 tender-offer cases launched. Most of them combined with a back-end merger or a type of post-tender offer restructuring transaction and private equity funds were the most active buyers. In 2008, there were four tender-offer cases and fewer take-over cases by private equity funds.
On the other hand, with respect to the financial sector, there were a number of transactions in 2008 concerning the sales of distressed banks or financial institutions. In addition, due to the adoption of international financial reporting standards by European insurance companies to determine their liability adequacy, several European insurance companies have sold or have begun selling their local assets or businesses to local insurance companies since the end of 2008. The market in the second half of 2008 also saw M&A deals where sellers in...
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