China Outbound M&A Hits USD 9.6bn in Q1, a Five-Year High as Resources and Consumer Brands Move in Tandem
Zijin Mining's Allied Gold deal headlines a quarter that also brought Anta-Puma and Centurium-Blue Bottle, marking a fifth straight quarter of expansion in Chinese outbound capital
Latest deals
View all deals →| Date | Target | Acquirer | Stage | Value | Revenue | OI | Rationale | Notes |
|---|---|---|---|---|---|---|---|---|
| Apr '26 | Homeplus Express | Harim Group | Announced | $207m | — | — | Harim extends a decade-long food vertical-integration thesis (Pan Ocean, NS Shopping) into SSM retail, picking up Korea's #3 supermarket platform from a court-led seller at roughly half the 2024 guidance. | — |
| Mar '23 | Hanmi Entech | Toray Advanced Materials Korea | Signed | — | — | — | Toray Advanced Materials Korea acquires water-treatment O&M specialist Hanmi Entech, layering operational capability on top of its existing filtration materials portfolio. The deal — its first water-related M&A since the 2013 Woongjin Chemical acquisition — signals a push from materials supplier to integrated solutions provider. | — |
| Nov '21 | Samkang M&T | SK ecoplant | Closed | $390m | — | — | SK ecoplant extends its environmental and renewable infrastructure platform into offshore wind, taking a 31.83% stake in Samkang M&T as part of a KRW 1.07tn 2021 M&A campaign positioning the group ahead of an expected IPO. | — |
- Harim Group→Homeplus Express$207m
- Revenue
- —
- OI
- —
Harim extends a decade-long food vertical-integration thesis (Pan Ocean, NS Shopping) into SSM retail, picking up Korea's #3 supermarket platform from a court-led seller at roughly half the 2024 guidance.
- Toray Advanced Materials Korea→Hanmi Entech—
- Revenue
- —
- OI
- —
Toray Advanced Materials Korea acquires water-treatment O&M specialist Hanmi Entech, layering operational capability on top of its existing filtration materials portfolio. The deal — its first water-related M&A since the 2013 Woongjin Chemical acquisition — signals a push from materials supplier to integrated solutions provider.
- SK ecoplant→Samkang M&T$390m
- Revenue
- —
- OI
- —
SK ecoplant extends its environmental and renewable infrastructure platform into offshore wind, taking a 31.83% stake in Samkang M&T as part of a KRW 1.07tn 2021 M&A campaign positioning the group ahead of an expected IPO.