Despite the jump in valuations in Asian M&A over the
past six months, there are still arbitrage opportunities in
China between private and public companies, according to
Stephen Seelbach of Morgan Stanley.
The executive director, investment banking, was speaking at
the IFLR Asia M&A Forum in Hong Kong on a panel
discussing the negotiation of valuations in a volatile
The arbitrage has been reduced, but its still
there, said Seelbach. And thats rare for
countries anywhere. Thats what makes China so attractive
for private equity. Until it disappears, youre still
going to find people flocking to make 20% investments
The extent of the arbitrage depends very...