(Yicai Global) Oct. 30 -- Leading dealmakers are optimistic about cross-border M&A activity, driven by cheap financing and regional policy trends. A majority of deal advisors expect an uptick in cross-border M&A levels in the next twelve months, according to Brunswick's Survey for XBMA, the Symposium on Cross-Border M&A.
"Despite all the rhetoric against globalization, our study shows that there is cautious optimism for cross-border M&A," said Tim Payne, Senior Partner and Head of Asia, Brunswick Group in a press briefing.
The Brunswick survey polled more than 100 M&A lawyers, bankers and advisors across North America, Europe and Asia. Results were released ahead of the sixth annual XBMA Symposium hosted by Stanford Law School and organized by the International Institute for the Study of Cross-Border Investment and M&A (XBMA).
"Dealmakers expect China and the US to lead outbound acquisitions in the year ahead, but at the same time they are worried about regulatory constraints and geopolitical factors."
The study also shows that reputation has a material impact on deal-making, from the offer-price to obtaining shareholder and regulatory approvals, to post-merger integration."