Over the past five years, more than 60 companies listed on U.S. stock exchanges with business operations primarily in China have completed going-private transactions. Activity has declined from the peak level seen in 2016, with six transactions closed in 2017, and one closed and two announced deals so far this year.

IPO activity for Chinese companies on U.S. exchanges has surged recently, with 21 new listings in 2017 for US$3.1 billion of funds raised, and 19 transactions so far through July of this year for US$5.7 billion of funds raised.

As of July 31, 2018, there were 155 China-based companies listed on the Nasdaq, NYSE and AMEX, representing over US$900 billion in total market capitalization.

While China’s overall outbound investment activity continues to show steady growth, Chinese acquisitions and investments in the United States have declined significantly amidst stricter government policies and rising trade tensions between the two countries.

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Bankruptcy Litigation and Solvency Disputes

Expertise in disputes involving fraud, valuation, solvency, governance, plan treatment, and avoidance actions in the bankruptcy or insolvency context.

Distressed M&A and Special Situations

Kroll professionals have advised hundreds of companies, investors and other stakeholders at all stages of distressed transactions and special situations.

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.