Overseas M&A attracting Chinese enterprises |
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The largest assets and equity exchange in
China, Shanghai United Assets and Equity
Exchange (SHUAE), and Hewitt signed
a strategic cooperation agreement last
November. Under the terms of the agreement,
both parties are working together to facilitate
mergers and acquisitions in China.
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The cooperation is wide-ranging, and involves
providing enterprises with practical transaction
training and M&A HR due diligence services,
post-merger integration services, and joint M&A
research and trend analysis.
Mr. Cai, the president of Shanghai United
Assets and Equity Exchange, said: "Hewitt is
a global leader in human capital management
in mergers and acquisitions, and is able to
provide effective programs and support around
reorganization and during strategic business
acquisitions. The cooperation reflects the
internationalization strategy of Shanghai United
Assets and Equity Exchange, and is a powerful
combination that will assist Chinese enterprises in
overseas acquisitions."
The cooperative agreement was signed by
Hewitt's Corporate Transaction
and Transformation practice global leader, Dr.
Piotr Bednarczuk who commented: "Over the last
20 years, Hewitt has helped leading companies
around the world with the full spectrum of human
capital challenges presented by international M&A.
This experience will be leveraged to help Chinese
organizations successfully conduct their M&A
transactions globally. We hope to help Chinese
enterprises to 'venture out ' even more. "
Mr. Cai Min Yong pointed out that, despite a
slowing world economy, M&A activity in China has
continued unabated. Further, with the continued
appreciation of the Chinese yuan, overseas M&A is
even more attractive for Chinese enterprises that
now have an opportunity to buy overseas assets at
attractive valuations.
Mr. Cai added: "To successfully realize these
opportunities, however, Chinese companies need
to strengthen their capabilities in due diligence
including HR due diligence, post-merger integration,
protection of property rights, and management
systems control. Experience has shown that
external professionals have their special position
during M&A and provide unparalleled advantages.
As a result, the cooperation of Shanghai United
Assets and Equity Exchange and Hewitt Associates
is expected to have practical significance."
For further information, contact Anupam Prakash
(anupam.prakash@hewitt.com) |
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About Hewitt's Corporate Transaction and Transition Services |
| Unsurpassed M&A
experience: |
Hewitt works with some of the most
acquisitive organizations in the world to
execute their transactions. We have led
in some of the largest, most complex, and
successful corporate transactions over the past
five years. This experience is invaluable to our
clients as they navigate their transactions. |
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| Deep human
capital expertise: |
Around the world: Hewitt has the deep
human capital expertise needed to
execute transactions. We have experts in
employment transfers, leadership/talent,
compensation and benefits, HR operations,
culture, change management, and
communications and project management to
meet all the human capital needs in a deal.
We also have these resources on the ground
in 33 countries and more than 90 offices to
partner with clients in global transactions. |
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| Turn-key HR M&A
approach focused on results: |
Hewitt provides HR M&A expertise, tools,
templates, and processes to ensure that
companies are prepared, focused, and able
to execute. Our rigorous approach focuses
on critical results so that clients: (1) conduct
a thorough due diligence and pay the right
price; (2) reflect HR needs in the terms of the
deal agreement; (3) anticipate and plan for
integration issues and accurately estimate
integration costs; and (4) retain key talent
and deliver a positive employee experience
with minimal business disruption. |
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| Tailored
resourcing: |
Acquisitions present a tremendous financial
risk. And, while many of our clients have
significant deal experience, they choose to
partner with Hewitt to add capabilities in
key areas - such as global deals - or to add
capacity for large transaction volumes or
big deals. Our resourcing model is flexible
to fit a company's M&A needs. Involvement
of Hewitt provides added assurance for deal
success, as well as an objective, market-based
perspective for human capital decisions. |
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Hewitt Quarterly Asia Pacific
is made possible through the combined skills and experience of Hewitt consultants from across the Asia-Pacific region.
For further information please contact:
Hewitt Associates
2601-05 Shell Tower
Times Square
Causeway Bay
Hong Kong
Tel: (852) 2877-8600
Fax: (852) 2877-2701
editor-hqap@hewitt.com |
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