With more than $16 billion in transactions in 2016, California was the leading recipient of Chinese capital in North America, reflecting Chinese interest in key sectors such as ICT, transport and infrastructure, entertainment and real estate.
ASSETS IN CALIFORNIA, KENTUCKY AND ILLINOIS WERE THE BIGGEST TARGETS IN NORTH AMERICA; ASSETS IN GERMANY, THE UK AND FINLAND TOPPED THE LIST IN EUROPE.
New York also continued to receive a large proportion of Chinese capital, with deal values totaling $5.3 billion. Commercial real estate transactions accounted for 90% of that value, including hotel portfolios and office towers such as 1221 Sixth Avenue and 1285 Avenue of the Americas.
Several US states attracted major investment from China for the first time, primarily because of large acquisitions of companies headquartered in those states. With $9 billion, Kentucky was the second-largest recipient of Chinese capital in North America, driven by Haier’s $5.6 billion acquisition of GE Appliances (consumer products) and Apex Technology’s $3.6 billion purchase of Lexmark (electronics).
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GEOGRAPHIC HIGHLIGHTS IN NORTH AMERICA
Appendix A: Transaction Attractiveness Indicator
Appendix B: Country Forecasts
Appendix C: Methodology
M&A Transactions (US$B)
M&A Transactions (# Of Deals)
Domestic IPOs (US$M)
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Chinese direct investment in North America and Europe more than doubled
North America took the lead as the top target market by deal value
Chinese investors target different assets in North America and Europe
Privately-owned Chinese companies drove acquisitions
Chinese investors continue to target assets in key jurisdictions in both regions
The number of canceled and withdrawn transactions rose
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