A fascinating look at the unique nature of mergers and acquisitions in Asia The Asian market is heating up, and both local and international firms are looking to get in on the mergers and acquisitions (M&As) that are poised to play a pivotal role in the restructuring of all manner of industries. This restructuring will increase competitiveness, but to make the most of it you need to understand why M&As in Asia are unique. With Asian Mergers and Acquisitions: Riding the Wave in hand, you have everything you need to do just that. Packed with invaluable information on how Asian M&As work, the book points to the fragmented nature of Asian countries, markets, and customers, the rise of Asian economies and firms, and the growth of cross-border business driven by the need for companies to gain access to markets, technologies, and brands as key elements for understanding the market. Lays out guiding principles for Asian M&As, including identifying the drivers for creating value, mitigating cultural differences, getting the best expertise in pre- and post-merger efforts, and more Contains everything investors need to know to understand coming changes in the Asian market Details how Asian M&As differ from those in other countries Providing clear insights into Asian mergers and acquisitions and their inner workings, including do's and don'ts for successful investment, this book is essential reading for anyone looking to cash in or simply understand the rapid growth of Asian industry.

A fascinating look at the unique nature of mergers andacquisitions in AsiaThe Asian market is heating up, and both local and internationalfirms are looking to get in on the mergers and acquisitions(M&As) that are poised to play a pivotal role in therestructuring of all manner of industries. This restructuring willincrease competitiveness, but to make the most of it you need tounderstand why M&As in Asia are unique. With Asian Mergersand Acquisitions: Riding the Wave in hand, you have everythingyou need to do just that.Packed with invaluable information on how Asian M&As workthe book points to the fragmented nature of Asian countriesmarkets, and customers, the rise of Asian economies and firms, andthe growth of cross-border business driven by the need forcompanies to gain access to markets, technologies, and brands askey elements for understanding the market.* Lays out guiding principles for Asian M&As, includingidentifying the drivers for creating value, mitigating culturaldifferences, getting the best expertise in pre- and post-mergerefforts, and more* Contains everything investors need to know to understand comingchanges in the Asian market* Details how Asian M&As differ from those in othercountriesProviding clear insights into Asian mergers and acquisitions andtheir inner workings, including do's and don'ts for successfulinvestment, this book is essential reading for anyone looking tocash in--or simply understand-- the rapid growth of Asianindustry.

Foreword ixPreface xiAcknowledgments xiiiChapter 1: Asia Rewrites the M&A Rules 1Deal Activity Is on the Rise in an Ascendant Asia 2Natural Progression in M&A, the Asian Way 5Tomorrow's Winners Are Moving Fast, Today 8Chapter 2: Asian Companies Are Poised to Triumph in theMerger Endgame 11The Drive Toward Consolidation 12Asia's Fragmented Markets Create Opportunity 15Asian Players Will Drive Local Optima 16Consolidation Looms for Asia's Nascent Retail Sector16The Tale of Two Soft Drink Markets: Why Local Optima Will Emerge21Henan Brouhaha Heralds Beer Consolidation Drive 23Banking and Telecom Sectors Dominated by Asian Champions 25The Exceptions: Some Industries Likely to Be Dominated by GlobalPlayers While Others Resist Consolidation 26Acknowledgments 29Chapter 3: The Rise and Rise of Cross-Border M&A31The Numbers Point East 34The Drivers behind Asia's Cross-Border M&A Boom 37The Risks Inherent in M&A Are More Pronounced in Asia 50Acknowledgments 52Chapter 4: Transforming Government-LinkedCompanies through Mergers and Acquisitions 53The Role of the Public Sector in Key Asian Economies 54M&A: A Tool That Makes Both Companies and Economies MoreCompetitive 56The Emerging Threat from the Private Sector 59Meeting the Challenges 60A Better Way to Achieve Transformation 67Acknowledgments 68Chapter 5: Getting It Right Before You Begin 69Step 1: A Framework Helps Forward Planning 71Step 2: Methodical Tracking and Screening Underpin SuccessfulM&A 75Step 3: Choose Your Model: Classic M&A versus theAcquisition Factory 76Step 4: Surround Yourself with Experts 83Plan Early, Think Small: The Risk-Averse Route to Success 86Acknowledgments 87Chapter 6: Due Diligence 89Risk Is on the Rise 90Follow the Leaders, Learn from the Failures 91Bridging the Due Diligence Gap 92Due Diligence: The Classic Approach 94Operations Due Diligence 95The 100-Day Plan: A Road Map to Success 101Jump-Starting the Clean Room 104Acknowledgments 106Chapter 7: A Guide to Successful Post-Merger Integration107Merger Integration Overview: The Key Pillars of a SolidPost-Merger Plan 109Merger Management: The Keys to Success 116Synergy Value Capture: How to Get It Right 122Merger Enablement: The Glue That Holds It All Together 127Acknowledgments 135Chapter 8: Culture Matters 137It's Not a Small World, After All 138National Culture and Communication: What the InterpreterWon't Tell You 142Corporate Culture Matters: Making Mixed Marriages Work 145Expect the Unexpected: Local Business Culture and Norms Can BeCostly and Surprising 147How to Bridge the Culture Gap 148It's Not as Hard as It Seems 159Acknowledgments 160Chapter 9: Conclusion 161Now Is the Time to Go on the Offensive 162M&A the Asian Way 162The Key to Success: Planning Ahead 164Think Globally, Act Globally 165Appendix: PMI Tools 167Prepare for and Execute a Perfect Day One 167Launch Integration Structure and Project Teams 169Launch Benefits Tracking and Reporting (BTR) Process 173Launch Risk Management Process 178Launch Change Management and Communications Processes 181Notes 189About the Authors 195Index 197