Chinese Outbound Bidders Stimulated by Market Volatility, Say Alvarez & Marsal MDs
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Chinese interest in purchasing assets in the US and other overseas markets remains undiminished despite, and maybe because of, trade tensions, said US and Chinese based managing directors at restructuring and advisory firm Alvarez & Marsal.
Returning from a recent tour of China and Singapore, the advisors said the Chinese investors they met are undeterred by trade tensions and actually welcome the market volatility it causes because it brings down asset valuations in regions they are looking to invest in such as the US.
Paul Aversano, managing director in private equity services practice of US-based financial advisor Alvarez & Marsal and global head of the firm’s transaction advisory group, said he had not “seen a time when there are so many different variables impacting the public equity market around the world.